Cool Object of the Week: PAINTINGS!!!!!

May 9, 2007

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Time again to strap on that paddle and plug in the black lamps, because it’s high auction season in Budapest. Three major auction houses, Kieselbach, Virag Judit, and Nagyhazi are all having their big Spring Auctions in the next 2 weeks. Though it hasn’t shown up on the web catalogue, local radio is reporting that Virag Judit has got a Klimt drawing. Only question will be then whether Ronald Lauder is buying or selling it.

As usual if you have any works that interest you, contact us about previewing and bidding.

Below are my picks.

BEST SLEEPER
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Virag Judit, lot 27, MISKOLCZY FERENC (1899-1994)
VIEW OF TOLEDO, 1925 Oil, canvas, 70,5×100,5 cm
Signed lower left: Toledo 1925 Miskolczy
Starting price: 180 000 Ft (€750)

Despite the painter’s little-known name, everything is right with this one: the location, the date 1925 (think The Sun Also Rises), and the fauvist colors with the El Greco expressionism…and good size.
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Christie’s: Yo, European Museums, we’re coming for your artworks!

February 26, 2007

It used to be back in the good old days of Duveen & Co. that the insatiable NY market would have top artworks smuggled out of Europe in false-bottom suitcases. Now Christie’s has struck upon a new tactic: providing legal support to heirs with restitution claims for artworks in European public collections. Since such procedures can take decades, it’s an expensive investment of resources for the auction house, but the strategy is now starting to pay enormous dividends.

Auction records for three Central European expressionists have all been set by restituted art works:
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Ernst Ludwig Kirchner’s Street Scene-Berlin ($38 million); Egon Schiele’s View of Krumau ($24 million); Gustav Klimt’s Portrait of Adele Bloch-Bauer II ($87 million)
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