The University of Oklahoma has agreed to return a Pissarro painting, La Bergère, that was looted by Nazis from collector Raoul Meyer.  The work will go to Meyer’s daughter Léone, who has agreed to show the painting on a rotating basis in Oklahoma and France.  “Léone Meyer has agreed that, rather than getting the painting back for her own living room, to continue the public display of the painting for the public,” her lawyer said.

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René Magritte’s Miroir Universel sells over estimate for$6,661,000, via Rae Wang for Art Observed

The November auctions are over, as Christie’s capped its final major evening sale of the year to strong results, with 13 lots going unsold out of the 62 offered, tallying a final of $145,545,000. (more…)

A Los Angeles Judge has rejected a lawsuit against the nation of Spain and the Thyssen-Bornemisza Museum in Madrid to return a Camille Pissarro taken from the Cassirer family through forced sale by Nazis in 1939.  The painting, Rue Saint-Honoré, Après-midi, Effet de Pluie, was subject to Spanish law, Judge John F. Walter ruled, and therefore could not be removed by his decision.  The family plans to appeal.  “Museums and governments around the world recognize the need to return Nazi-looted art to its rightful owners,” said Laura Brill, a lawyer for the Cassirer family. “Here, it is undisputed that the Pissarro was owned by the Cassirer family until it was stolen by the Nazis in 1939.” (more…)

One of Monet‘s Waterlilies paintings from 1905 will be auctioned at Christie’s on November 7th, with a presale estimate of $30 – $50 million. The piece is being auctioned by the Hackley School, in Tarrytown, NY with the help of Herb Allen, whose father  had donated the piece to the school (his alma mater). The school will also consign paintings by Camille Pissarro and Alfred Sisley, bequeathed to it by the Allen family. Christie’s expects to bring in at least $2.5 million each for the Pissarro and Sisley pictures. (more…)

Jeune Arabe, Kees Van Dongen (1877) sold for $13.8 million – a new record for the artist

In contrast to the slim pickings made available to buyers at Christie’s Modern and Impressionist Evening sale on November 3, last night’s sale at Sotheby’s offered many iconic works that had bidders excited and which resulted in an auction that Simon Shaw, Head of Sotheby’s Impressionist and Modern Art Department in New York described as “a shot in the arm for the art market. A real vote of confidence.” The evening’s auctioneer Tobias Meyer, Sotheby’s Worldwide Head of Contemporary Art, commented that after all his time at Sotheby’s he had never seen such an active sale. And indeed it was, with a grand total of $181,760,000 over a high-end estimate of $163,600,000, this sale marked the first time since May 2006 that Sotheby’s in New York have exceeded their top estimate.

L’Homme qui Chavire, Alberto Giacometti – an instantly recognizable icon of the modern era cast in 1951. Sold for a remarkable $19,346,500.

More text, images, related links and video after the jump….

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Danseuses, Edgar Degas (1896) all images via Christie’s

Last night, November 3, the fall auction season in New York kicked-off at Christie’s with their Impressionist and Modern evening sale – the smallest since May 2004. While vigorous bidding wars ensued for the finer pieces in the sale, there was no escaping the deathly silence that occurred when auctioneer, Christopher Burge, called for bids on a number of the auction highlights which included works by Camille Pissaro, Henri Matisse and Pablo Picasso, that eventually went unsold. Of the 40 lots on sale, 28 sold – making the overall total of $65,674,000, under the low-end estimate of $68,650,000.

More text, images and related links after the jump….
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TeÌ‚te de femme, Pablo Picasso (1943) estimated to sell for between $7,000,000 and $10,000,000 at Christie’s Modern and Impressionist evening sale tonight. via Christie’s

Christie’s Modern and Impressionist sale this evening, November 3, marks the beginning of the fall auction season in New York. Headlining tonight’s sale are works by Edgar Degas, Claude Monet, Piet Mondrian and Henri Matisse. Tomorrow Sotheby’s will follow with their Modern and Impressionist evening sale which is highlighted by Alberto Giacometti’s bronze Falling Man, estimated to sell for $8 million – $12 million along with works by Pierre-Auguste Renoir, Camille Pissarro and Giacometti’s fellow modern masters Wassily Kandinsky, Joan Miró and Pablo Picasso. The combined total of the evening and day sales from both auction houses is estimated at as much as $607 million, down from $1.7 billion just two years ago.

ArtObserved will be on site to cover the proceedings on twitter at the show and in a review tomorrow. We are set to continue our auction season coverage next week when the Contemporary sales kick-off on Tuesday, November 10, at Christie’s, Sotheby’s and Phillips de Pury & Company.

L’Homme Qui Chavire (Falling Man), Alberto Giacometti (1951) via Sotheby’s

Related Links:
Christie’s Homepage
Sotheby’s Homepage
Christie’s Impressionist/Modern Evening Sale – Tuesday, November 3, 2009 – E-Catalogue
Christie’s Impressionist/Modern Day Sale – Wednesday, November 4, 2009 – E-Catalogue
Sotheby’s Impressionist and Modern Art Evening Sale – Wednesday, November 4, 2009- E-Catalogue
Sotheby’s Impressionist and Modern Art Day Sale -Thursday, November 5, 2009 – E-Catalogue
On The Block: Traditional Offerings, Bargain Prices [NYTimes]
New House, Taschen Risking Low Prices for Art at Fall Auctions [Bloomberg]
New York Sales Preview [ArtInfo]
Up For Auction [NYTimes]
The Art World Goes Local [WallStreetJournal]
Art World Watching Sales Starting Next Week for Hints of Market Recovery [Financial Post]
As Art Auctions Shrink, Big Houses Look to the Future [Reuters]
The Art Market: Distress Sales, Iron Curtain Art and France’s Turner Prize [Financial Times]

van Gogh’s “Ernte in der Provence” (1888), at Kunstmuseum Basel.

The Kunstmuseum Basel is currently showing works by the master painter Vincent van Gogh.  Seventy paintings, both better- and lesser-known, are featured in this first large-scale showing of exclusively landscape works by the artist.  The van Gogh paintings will be accompanied by a biographical video on the artist as well as forty landscape pieces by his contemporaries.  The intended result gives patrons a look at van Gogh’s contribution to the evolution of technique and concept in landscape work. The show closes on September 27.

Related links:
Kunstmuseum Basel
Switzerland’s art blockbuster of the year: Van Gogh landscapes [GenevaLunch]

Vernissage has video of the exhibition.

More images and story after the jump…

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The Beach at Trouville, Claude-Oscar Monet at The National Gallery in London. Via Guardian

It is in an attempt to embrace the traces of the artistic influences that played a part in the development of the Impressionism, that the National Gallery in London presents a show “Corot to Monet.”   The National Gallery relies almost entirely on its vast collection of 18th and 19th century French landscapes in order to chart and examine those influences while rediscovering the lesser known works that have led to the Impressionism.  The exhibition includes 90 paintings by artists like: Jean-Baptiste-Camille Corot, Pierre-Henri de Valenciennes, Simon Denis, Richard Parkes Bonington, Claude Oscar Monet, Narcisse Virgile Diaz, Camille Pissaro, Paul Huet, Thomas Jones, Andreas Schelfhout and others. The show closes 20 September, 2009.

Related Links:
Corot To Monet: Review by Jonathan Jones [GuardianUK]
Corot to Monet: A Fresh Look at Landscape from the Collection [The National Gallery]
Corot to Monet at the National Gallery, Review [Telegraph]
See Corot to Monet in London [London]
Corot to Monet, National Gallery, London [The Independent]

Making Waves: Monet’s 1864 Coastal View “la Pointe de la Héve, Sainte-Adresse” at The National Gallery in London. Via The Independent

More pictures and text after the jump…

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Claude Monet’s ‘Au Parc Monceau’ sold for £6.3 million, well above its high estimate of £4.5 million, via Christie’s

Yesterday’s Impressionist and Modern Art Evening Sale at Christie’s in London realized £37.2 million, falling shy of estimates of £37.8-51.7 million, including buyer’s premium. 30 of the 44 lots offered sold, with a rate of 68% sold by lot and 84% by value. The highlight of the sale was Monet’s ‘Au Parc Monceau,’ which sold for £6.3 million, far above its high estimate of £4.5 million. Joan Miró’s ‘Peinture (Femme se poudrant)’ also attracted spirited bidding, selling for just under £4 million, against estimates of £2.2-2.8 million. The star lot, a Picasso Musketeer painting, ‘Man with sword,’ sold for £5.8 million, in the lower end of estimates of £5-7 million. Sotheby’s Impressionist and Modern Art Evening Sale takes places tonight in London.

Christie’s Impressionist/Modern Evening Sale Results [Christie’s]
Only a Few Hills in the Valley of Christie’s Season-Opening Art Auction [NY Times]
£1.5m Pissarro painting looted by Nazis withdrawn from auction [Telegraph]
Christie’s London sale falls short of low estimate [Reuters]
Buyers Focus on Works Worth the Fight [NY Times]
Monet, Picasso Fetch $20 Million; Auction Shrinks 74% [Bloomberg]
Christie’s Auction of Impressionist and Modern Art in London Realises $60.4 Million [Artdaily]
Christie’s misfires on £37m Impressionist and Modern art sale [Wealth Bulletin]
Christie’s Kicks Off London Season With Modest Imp/Mod Sale [Artinfo]
Family wrangle halts sale of £1.5m Pissarro stolen by the Gestapo [TimesUK]
Family Dispute Halts Sale of Pissarro Stolen by Nazis [Artinfo]
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Pablo Picasso’s ‘Femme au Chapeau,’ via Christie’s, sold by Julian Schnabel, went for $7.7 million, slightly under the estimate of $8-12 million

Last night’s Impressionist and Modern Art Evening Sale at Christie’s fared better than Sotheby’s auction on Tuesday covered here by AO, with 38 of the 48 lots selling, realizing 94% of potential value, bringing in a total of $102.7 million, falling within estimates of $86.7-125.2 million. Highlights include two late Picasso paintings and a Giacometti sculpture, in contrast to the pricey Picasso and Giacometti works offered by Sotheby’s which failed to sell. Picasso’s ‘Mousquetaire aÌ€ la Pipe,’ offered by Madoff victim Jerome Fisher, was the highest selling lot at $14.6 million, falling between estimates of $12-18 million. Julian Schnabel sold his own Picasso, ‘Femme au Chapeau,’ to recover debts due to construction costs at his West Village townhouse. The painting sold for $7.7 million, just shy of its low estimate of $8 million. The Giacometti sculpture, ‘Buste de Diego (Stele III)’ sold for $7.7 million, surpassing its high estimate of $6.5 million.

Impressionist and Modern Art Evening Sale [Christie’s]
Picassos Sell at Christie’s Auction, After Faltering at Sotheby’s [NY Times]
Christie’s Bests Sotheby’s With $102.7 Million Sale [WSJ]
Works by Picasso and Giacometti Lead Christie’s Sale of Impressionist and Modern Art [Artdaily]
Madoff Victim Sells Picasso for $14.6 Million at Christie’s [Bloomberg]

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