Israel Museum Restitutes Drawing by Paul Klee to Estate of Pre-World War II Owner

NEW YORK, NY.- The Israel Museum announced today the restitution of the Paul Klee drawing Veil Dance, 1920, to the estate of German art collector Harry Fuld Jr. Fuld owned the work from 1932 until 1941, when it was confiscated in war-time Germany. The drawing was received in 1950 by the Israel Museum’s precursor, the Bezalel National Museum, through the Jewish Restitution Successor Organization (JRSO), established after World War II to distribute looted works of art whose owners or heirs [...]

Christie’s Impressionist and Modern Art Sales Series Totals $360 Million

NEW YORK, NY.- The May sales series of Impressionist and Modern Art at Christie’s New York totaled $360,029,725/ £238,430,281/ €279,092,810, concluding two remarkable days of sales that yielded a new world record for the most expensive work of art ever sold at auction. On Tuesday evening, Christie’s sold Pablo Picasso’s 1932 masterpiece, Nude, Green Leaves, and Bust from the Collection of Mrs. Sidney F. Brody for a record $106.5 million. Wednesday’s Works on Paper and Day sales also yielded positive [...]

Stolen Henry Moore Sculpture Found in Toronto

NEW YORK.- A Henry Moore bronze sculpture stolen from a New York City gallery in 2001 has been recovered. The $80,000 abstract sculpture of a reclining figure was found at Miriam Shiell (SHEEL) Fine Art in Toronto on Wednesday. Shiell says a man brought it in last week and she searched the Art Loss Register. The recovery came days after a Paul Klee (KLAY) painting was found in a Montreal art gallery. The executive director of the London-based Art Loss [...]

Sotheby’s Hong Kong to Hold 20th Century Chinese Art Spring Sale

HONG KONG.- Sotheby’s Hong Kong 20th Century Chinese Art Spring Sale 2010 will be held on 5 April, offering a meticulous selection of more than 65 lots estimated at approximately HK$75 million. Many of the paintings are exceptionally rare, appearing for the first time on the art market. Lily Lee, Head of Sotheby’s 20th Century Chinese Art Department, said: “The 20th Century Chinese Art Autumn Sale 2009 has garnered impressive results with the record-breaking sale of Lotus et Poissons Rouges [...]