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Art Institute Refuses To Give Up Nazi Loot

Art Institute Refuses To Give Up Nazi Loot

Nathan Scheer | April 26, 2024
Lost Klimt Sells In Vienna

Lost Klimt Sells In Vienna

Prison Time For Peter Max Faker

Prison Time For Peter Max Faker

Christie’s New York Modern American Sale

Christie’s New York Modern American Sale

sistine_ceiling

COMMENTS ON THE ART MARKET

Our monthly newsletter on the current state of the art market
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REHS-ing ARTISTS

Four generations of advice for artists new to the market.
The Final Numbers For Christie’s Sale
Boy dressing in baker's clothing
May 09

The Final Numbers For Christie’s Sale

By Howard L. Rehs

The Christie’s sale is over and the numbers were not as strong as last night’s sale.  Total take was $158.5M (low end of the estimate was $139.6M … so they needed the buyer’s premium to beat the number).  There were … More…

Christie’s – The Other Impressionist Sale
a woman in a kimono
May 09

Christie’s – The Other Impressionist Sale

By Howard L. Rehs

Well, what a difference a day makes … results here, while strong in certain instances, were weak in others.  During the Christie’s sale, 0ne of the top lots – Andre Derain’s Madame Matisse au kimono (est. $15-$20M) – filed to … More…

House Painter Accused of Stealing Art From NY Estate
photograph of vega and the stolen work
May 08

House Painter Accused of Stealing Art From NY Estate

By Lance Rehs

Joselito Vega is facing up to 26 years in jail after being arrested for charges stemming from the theft of a number of artworks which were taken from the estate of Michael Schulhof in Kings Point, NY. Vega, a 42 … More…

Painting of the Day (AVAILABLE) Ben Bauer’s “Snow in Mondovi, WI”
Winter landscape
May 08

Painting of the Day (AVAILABLE) Ben Bauer’s “Snow in Mondovi, WI”

By Alyssa Rehs

Just in!! Another beautiful Ben Bauer winter scene, Snow in Mondovi, WI.    

Tax Investigators Raid Home Of German Artist Georg Baselitz
Photograph of George Baselitz
May 08

Tax Investigators Raid Home Of German Artist Georg Baselitz

By Alyssa Rehs

Famous German artist, Georg Baselitz’s home was raided after his name came up on a CD bought last summer by North Rhine-Westphalia, containing a list of secret bank account data.  It is believed that he was given prior warning about … More…

Painting of the Day (SOLD archives) – Edouard Cortes’s “Porte St. Denis”
A Paris street scene near Porte St. Denis
May 08

Painting of the Day (SOLD archives) – Edouard Cortes’s “Porte St. Denis”

By Howard L. Rehs

Here is one that never made it to our web site. A beautiful example of Edouard Leon Cortes’s work from the 1950s. It sold at the Chicago show. Edouard Leon Cortes’s – Porte St. Denis.

Heirs Outraged As Dutch Panel Rejects Nazi-Era Art Claim
image of a woman with a naked child
May 08

Heirs Outraged As Dutch Panel Rejects Nazi-Era Art Claim

By Howard L. Rehs

Heirs Outraged as Dutch Panel Rejects Nazi-Era Art Claim – here is an very interesting decision by the Dutch Restitutions Committee.  They rejected the heir’s claim for 3 of the four paintings because the museum’s interest carried more ‘weight’.

Cezanne ‘Les Pommes’ Leads Sotheby’s $230 Million Tally
Cubistic figure
May 08

Cezanne ‘Les Pommes’ Leads Sotheby’s $230 Million Tally

By Howard L. Rehs

Here is more information on last night’s sale of Impressionist and Modern paintings. Top lot of the sale was Paul Cezanne’s Les Pommes. Source: Cezanne ‘Les Pommes’ Leads Sotheby’s $230 Million Tally

Final For The Sotheby’s Evening Sale
River landscape with Notre Dame in the background
May 08

Final For The Sotheby’s Evening Sale

By Howard L. Rehs

During the Sotheby’s evening sale, 71 works were offered, 11 unsold (84.5% sell-through rate) and a total take was $230M (the lower end of the estimate range was $162.45M) … nice sale!  

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