ARTinvestment.RU Statistics
23.05.2012
Russian artists 8056
Paintings, sculptures, antiques 124234
Results of Auction Sales 137723
Investment Risk Indicators 7556

en






ARTinvestment.RU English / Investing in art / Artworks' Adventures

Unreliable assessment as a pretext for litigation

ARTinvestment.RU – 27.08.2010,10:10

recently Western collectors are increasingly judged with art dealers because of "unfair" evaluation of art objects. Why can not blindly trust an art dealer in the evaluation of his work? This question is Daniel Grant on the pages of The Wall Street Journal . The essence of the actual trials in the U.S., which relies on the author, it makes sense to tell.

sellers always confident that their product can be assessed more. When it appears that the work pushed to the dealer for one price, then resold them much more expensive, the former owner shall submit to the court. The subject of the claim - wrong assessment. How do I claim foreign lawyers in the field of culture and art, the court required proof "that one party to the transaction intentionally misled the other».

In 2008, the heir to Loretta Canadian assets Jolles Shefner (Lorette Jolles Shefner) filed in the District Court of New York claim to the two experts on the French artist Chaim Chaim Soutine (Chaim Soutine) and the National Art Gallery in Washington. Appraisers Maurice Tahmena (Maurice Tuchman) and Esti Dunow (Esti Dunow) accused of disinformation Loretta Shefner who has sold his 2004 painting Soutine "A piece of beef" (1923) for $ 1 million. A few months later, these same dealers resold the canvas National Gallery of Art in Washington for $ 2 million. According to plaintiff, dealers specifically named the owner of examples of paintings by Soutine, who went under the hammer for amounts less than half a million dollars. And more specifically drew her attention to the fact that at the last auction, many of Soutine generally left without buyers. At this Tahmen and have been told that they are experts in authentication, but not about its products and data supplied by the seller of the painting Loretta Shefner, at the time of the transaction were correct. The court sold the National Gallery in Washington now heir was already late Loretta Shefner, but dealers have paid him 210,000 dollars, and without admitting guilt.

similar lawsuit was filed against the art collector dealer from Philadelphia. According to the prosecutor, the dealer "forced" the owner to sell him in 2003 a collection of photographs of Diana Arbus (Diane Arbus) for 3,5 thousand dollars, but six years later, in 2009, the collection was exhibited at the Phillips de Pury auction with a estimeytom several hundred thousand dollars. As a result, the auction house had to withdraw these lots from the auction. The case was decided without a trial, but the official dealer did not admit his guilt.

In 2008, the Supreme Court of New York contacted representatives of the monastic Union, Daughters of St. Mary of the Round Top ( New York). They are charged with premeditated collusion of local appraiser of art and art dealer from Santa Fe, bought them the painting "Virgin of the Angels by William Adolphe Bouguereau (William Adolphe Bouguereau) for 450 thousand dollars and resell it for $ 2 million to another dealer. The case is still pending before a court.

Sometimes victory is on the dealer. Korean Nachun Syn (Najung Seung) bought from a New York dealer Mary Daynaburg (Mary Dinaburg) for 290 thousand dollars painting by Julian Schnabel (Julian Schnabel). Initially, the dealer now valued at 500 thousand. Even after buying Nachun Syn found that painting is worth only 110 thousand. The Supreme Court of New York has not recognized dealer Daynaburg guilty, because it is not an expert on creativity Schnabel and, accordingly, its overestimation was not intentional. In addition, their client could order from Korea and its own expertise, which she did, "blind trust" is not considered a specialist on modern art Daynaburg.

important when considering the matter is that those who designated price. In 1996, Charles and Anne Rice (Carl and Anne Rice) from Tucson (Arizona) on sale of assets of one of the local estates purchased two paintings by Martin Johnson Hida (Martin Johnson Heade) for $ 88. Later they sold the painting at Christie's more than a million dollars. In 1998, in Rice sued, but they were acquitted because the original price of $ 88 designated vendors or their representatives.

Material prepared by Maria Onuchina, AI

Sources: online.wsj.com , artinvestment.ru

Editor's comment : The situation with the misjudgment of Soutine, owned by Loretta Shefner, in fact, is not so unambiguous as it may seem from the article. At first glance, two some middleman held owner of which, I suppose, was an elderly woman. "Rogues tricked the old lady." But the point is that Tahmen Maurice (Maurice Tuchman) and Esti Dunow (Esti Dunow) - it's not random people. That the drafters of the catalog-Raisonne Chaim Soutine ( Chaim Soutine (1893-1943): Catalogue Raisonne ), that is one of the most authoritative experts on his work. It is known that the theme Soutine with carcasses and meat enjoyed less demand of collectors, than as a portrait painter, and there are other things being equal cheaper. So it is quite possible to assume that Tahmen and given at the time suggested that the owner of an assessment close to the market. Another thing is that they themselves had more opportunities to properly present and resell it profile institution - the National Gallery of Art in Washington. When a thing comes from such influential experts, the price is laid a substantial premium. This, of course, only an assumption. All in all a special case.

Situations, when speculators himichat really not enough. And honestly, in our latitudes attempts to resolve the dispute on the fact the courts appear to be a curious and even more so exotic. "Buy cheaper - sell expensive" - this is the first commandment of any trader, especially if he professes business model "and then at least the grass does not grow." How did you have to be gullible enough to believe in the fairness of the price the middleman?

But in order not to fall into such a situation, the owner of the things you need to take the most elementary precautions. Suffice it to get at least one more independent view, that have crept in doubt. Okay, knowledgeable and reputable friends is not at all, but there are books, handbooks, and all have Internet access. There are several databases of auction results. If an artist from the orbit of Russian art (the same mentioned by Soutine), then there is good reason to use a database of artists ARTinvestment.RU with the prices of foreign and our auctions, as well as indicators of the auction risk. There is a budget for a month subscription for 1700 rubles. With it, then all is not so difficult: choose similar parameters for the original work over the past two years, the prices refer to the procedures and draw conclusions. Then you can sing anything, but it is twice just not deceived. About that, how to evaluate the work with ARTinvestment.RU, for beginners written an entire technique . So that our readers, hopefully, not caught with chaff.

Vladimir Bogdanov, AI




0
Нравится

ARTinvesment.RU в Facebook


URL:
http://artinvestment.ru/en/invest/stories/20100827__why_you_cant_trust_dealers.html
http://artinvestment.ru/invest/stories/20100827__why_you_cant_trust_dealers.html
While quoting the reference to http://artinvestment.ru is required




Recommend to visitARTinvestment.RU RSS –

   Auctions:

Lots of upcoming auctions


   Exhibition:

New ArticlesARTinvestment.RU RSS –

Shishkin Theatre
28.03.2012,11:37

March 24 Leonid Shishkin Gallery held an auction, "Theatre and an artist." Let's talk briefly about the results of the auction

Russian art market. Some of the opening at the tip of the pen
27.03.2012,16:25

Relying on its own, the largest, segment of the base of the Russian art ARTinvestment.RU shares the results of their measurements of the auction market and separately - in terms of assumptions of gallery market in Russia

Paintings and Drawings at the auction "Kabinet 'March 17
19.03.2012,17:56

20 million. 52%sold

Shovel. Auction № 128 "Russian and Western European Art XVIII - XX centuries" on March 13. Chapter Summary
15.03.2012,14:35

Positive estimates and projections XXXII after the Antique Salon wanted to hear everything, but that's to put them under his signature was not wanting. After the first open bidding shelf realists, hopefully, come

Artists of the week: "gazanevtsy"
13.03.2012,16:59

For the first time as an "artist of the week" we have chosen not one, but a group of representatives of unofficial art in Leningrad in 1960-90s

XXXII Russian Antique Salon, Spring 2012. Chapter Summary
13.03.2012,09:45

"Good thing, adequate price - guaranteed sale"

Charity auction at the Gelman Gallery Winery
12.03.2012,17:39

March 15 at 19.30 in the open charity auction in support of the young art critic and curator Natalia Samkova

Interview with Andrey Stepanenko, Russian Auction House
12.03.2012,16:10

"It happens so that it is government involvement is a decisive argument." Director of the auction - the competition with London, the advantages of Moscow, about the fortunes and prospects

Art NewsARTinvestment.RU RSS – Art News

The Paris Biennale Antiques Art will hold a fair in Istanbul and Hong Kong
28.03.2012,17:23

This year's guest, "set designer" of the oldest art fair in France is the legendary designer Karl Lagerfeld

In the U.S., found two albums with photographs of valuables stolen by the Nazis
28.03.2012,15:48

Unique sources from archives staff Reichsleiter Rosenberg, engaged in works of art confiscations

The heirs of the wife of El Lissitzky require a court to give them back a picture of Paul Klee
28.03.2012,15:45

Grandchildren Sophie Lissitzky-Kyuppers for several years tried unsuccessfully to return to the restitution of Paul Klee painting, "The Legend of swamps" for two million euros. Now they have filed a lawsuit

Daniel Buren will present their work at the Grand Palais
27.03.2012,16:35

As part of the annual exhibition of installations by contemporary artists Monumenta in Paris Grand Palais will be shown by the French conceptual artist Daniel Buren

In Germany, the Nazis are looking for underground treasure
27.03.2012,15:44

In the Ore Mountains on the Czech-German border began the search for hundreds of works of art confiscated by the Nazis from Hungarian-Jewish industrialist in the years of war

In Italy, a gang of thieves exposed works of art
26.03.2012,16:49

Thieves robbed three wealthy Venetian villa, where they replaced the stolen paintings filled in photographs of the originals, and originals sold on the black market

The most popular exhibitions and museums around the world in 2011
26.03.2012,16:45

The Art Newspaper has published statistics on the most visited museums and exhibitions the world over the past year. At the top were the Escher Exhibition in Rio de Janeiro and Paris Louvre

Arts on TV channel "Russia By" ("Culture")
25.03.2012,07:05

ARTinvestment.RU documentary films and the transfer of art, which can be viewed on the TV channel "Russia By" ("Culture") next week

Museums in San Diego, presented a large collection of German expressionists and minimalists
24.03.2012,07:02

Art museums in San Diego a bequest collector Vance Condon got a collection of art, in which the works of Ellsworth Kelly, Oskar Kokoschka, Alexei von Jawlensky and Otto Dix, and many others

The sculptural portrait of Sviatoslav Richter in the Pushkin Museum. Pushkin
22.03.2012,11:02

Today at 17.00 will host the opening and donation to the Pushkin Museum. Pushkin's sculptural portrait of Sviatoslav Richter, the work of Ernst Unknown

Turkey demands the return of 18 artifacts from the collections of the Metropolitan Museum
21.03.2012,17:30

The Turkish authorities claim that 18 valuable items that are now in the permanent collection of the New York Metropolitan Museum, were taken to America illegally

Still life of a Dutch museum recognized the work of Van Gogh
21.03.2012,16:01

This has helped scientists to X-rays: a still-life was found recorded image of two boxers mentioned by Van Gogh in one of his letters to his brother Theo

News Archive

Exhibitions of works of artARTinvestment.RU RSS – Exhibitions of works of art

Russian battle-Art Gallery "Vellum"
29.03.2012,10:17

Today, the CHA opened the exhibition "From the Battle on the Ice to the First World War. The history of Russia in the works of Russian classics "

"Paris cube" in the CHA
28.03.2012,14:12

Today, the CHA opened the exhibition of works by artists from Hungary, Argentina, France, Netherlands and Japan, representing the direction of the MADI

"Hudgraf-2012" opens!
28.03.2012,13:30

Tonight at the Exhibition Hall "Manege" opens VII Graphic Arts Fair "Hudgraf 2012." The exposition will include drawing, pastel, watercolor, printmaking, photography

"Konstantin Korovin. Painting. Theatre "
28.03.2012,11:35

Today will be a press conference tomorrow at the State Tretyakov Gallery and Sculpture Park opens to the public exhibition of paintings and graphics by Konstantin Alekseevich Korovin, timed to coincide with the 150th anniversary of the biggest artist of t

"The eagle, calf and the lion" in GMIR
26.03.2012,13:58

Today at the State Museum of the History of Religion (St. Petersburg) opens the V All-Russian Exhibition of children's artwork, the final competition on the theme "The eagle, calf and the lion"

Helium Korzhev Gallery "Marichevich Fine Art"
23.03.2012,11:40

March 30 an exhibition of works from private collections

From the Battle on the Ice to the First World War. The history of Russia in the works of Russian classics
23.03.2012,10:47

March 29, 2012 - the Year of Russian history and the 770th anniversary of the Battle on the Ice - Gallery "Vellum" opens in the Central House of Artists exhibition of Russian painting and graphic battle

Konstantin Khudyakov, "The Art of High Definition"
22.03.2012,16:55

In the Arts hosts an exhibition of recent works by Konstantin Khudyakov

Vladislav Mikosha "The Time Machine. Color. 1930-1970-e "
22.03.2012,15:45

Today in the Zurab Tsereteli Gallery opens an exhibition of nearly 150 color photographs of Moscow, made in 1930 by Vladislav Mikosha-70s

Alexander Slyusarev "Retrospective"
22.03.2012,15:27

Today the Gallery Tsereteli in the 9 th International Month of Photography in Moscow "Biennale 2012" will open a retrospective of Alexander Slyusareva - symbolic figures of the Russian unofficial art photography

Roman Mikhailyuk "Hutsul"
22.03.2012,13:29

Today, Zurab Tsereteli Art Gallery as part of the 9th International Month of Photography in Moscow "Biennale 2012" presents an exhibition of Roman Mikhailuk "Hutsul"

Vladimir Beklemishev in the Russian Museum
22.03.2012,10:29

Exhibition of sculptures by Vladimir Beklemishev (1861-1919) in the SRM is dedicated to the 150th anniversary of the prominent sculptor and teacher, the successor to the traditions of realism

News Archive

Auctions of artARTinvestment.RU RSS – Auctions of art

Rare antiquarian books, manuscripts and autographs
28.03.2012,15:28

April 7 will be held the first auction houses antique books in Nikitsky

Cezanne's Watercolors for $ 20 million will be at the auction in May
27.03.2012,17:03

Sketch on paper, to the famous "players in the map", recently discovered in the collection of a Texas doctor put on the toga of Impressionist and Modern Christie's on May 1 in New York

Unknown portrait of Tamara de Lempicka appear at auction in May
27.03.2012,15:14

Portrait of a nude, 1925, whose whereabouts during most of the twentieth century it was known, will be auctioned in New York with an estimate of 5.3 million dollars

Museum of the Ohio auctioned Cindy Sherman photograph of 2.8-3.8 million
27.03.2012,12:35

The famous picture of Cindy Sherman "Untitled#96", another footprint which in May 2011 was auctioned off for 3.89 million dollars, will be at auction at Christie's in May of this with an estimate of 2.8-3.8 million

Art Market in 2011: results of the Year by the Tefaf
26.03.2012,12:55

Art Fair in Maastricht Tefaf conducted a study on the state of the art market

Auction of "The Artist and the Theatre" at the Gallery of Leonid Shishkin - tomorrow
23.03.2012,12:57

Tomorrow Leonid Shishkin Gallery held an auction dedicated to the art of theatrical set design in Russia, as well as artists whose work was closely connected with the theater

Self-portrait of Leonardo da Vinci be restored
22.03.2012,17:10

Italian scientists have come to the conclusion that the famous drawing by Leonardo, who is considered a self-portrait, is in urgent need of restoration

In April, Christie's to Auction valuable Russian enamels
22.03.2012,16:30

At the auction on April 16 in New York will offer customers a variety of subjects of Russian decorative and applied arts: silver, enamel, porcelain, bronze and so on.

Masonic relics of the "Gelos"
21.03.2012,17:10

March 30 at the auction of the month will be put up the banners of two Masonic lodges, sketches created by Russian artists

Does winning the Western painters East?
21.03.2012,15:48

What are the achievements of modern Western writers at the Asian auctions? Is that a lot of Western contemporary art sold at auction east and how much he paid?

Published indicators of investment risk for the trading Horta March 19, 2012
16.03.2012,15:26

Expert advice ARTinvestment.RU appropriated indicators of investment risk works included in the auction catalog Horta March 19, 2012

Published indicators of investment risk for the trading Millon & Associes March 16, 2012
15.03.2012,17:35

Expert advice ARTinvestment.RU appropriated indicators of investment risk works included in the auction catalog Millon & Associes March 16, 2012

News Archive

IndexDateVal.Ch.
▼25/041688.47-0.72%
▼19/052861.65-0.26%
Registration
ARTinvestment.RU -- Art News

 



  1. Mark Rothko : $ 86 , 9000000
  2. Kazimir Malevich : $ 60 million
  3. Wassily Kandinsky : $ 22,99 млн
  4. < a title = "Artist: Alexei Jawlensky. Painting: Shokko in wide-brimmed hat" href = "/invest/20080411_top12rus.html#04"> Alexei Jawlensky : £ 9,4 млн
  5. Chaim Soutine : £ 8,75 млн
  6. Marc Chagall : $ 16,3 млн
  7. Natalya Goncharova : £ 6,43 млн
  8. Nicolas de Stael : € 7 million
  9. Tamara de Lempicka : $ 8,48 млн
  10. Ilya Repin : £ 4,52 млн
  11. Basil Polenov : £ 4,07 млн ​​
  12. Konstantin Somov : £ 3,7 млн ​​
  13. Sonia Delaunay : € 4,59 млн
  14. Ivan Aivazovsky : £ 3,23 млн
  15. Ilya Kabakov : £ 2,932 млн
  16. Boris Kustodiev : £ 2,84 млн
  17. Alexander Yakovlev : £ 2,82 млн
  18. Vladimir Baranov-Rossini : £ 2,73 млн
  19. Arshile Gorky : $ 4,2 млн
  20. Vasily Vereshchagin : £ 2,28 млн
  21. Yuri Annenkov : £ 2,26 млн
  22. Mikhail Larionov : £ 2,26 млн

  1. Edvard Munch : $ 119,9 млн
  2. Pablo Picasso < /a>: $ 106,5 млн
  3. Alberto Giacometti $ 104.3 million
  4. Gustav Klimt : $ 87,936,000
  5. Mark Rothko : $ 86 9000000
  6. triptych by Francis Bacon : $ 86,281 млн
  7. Portrait of Dr. Vincent van Gogh : $ 82,500 million
  8. ​​Pond Claude Monet : $ 80,45 млн
  9. Pierre-Auguste Renoir : $ 78,100 million
  10. Peter Paul Rubens : $ 76,671 млн
    11. Andy Warhol : $ 71,720 million
  11. Paul Cezanne : $ 60,502 млн
    12. ->

  1. Jasper Johns : $ 28,6 млн
  2. Jeff Koons : £ 12,92 млн
  3. Gerhard Richter : $ 21,8 млн
  4. Damien Hirst : £ 10,3 млн
  5. Bruce Nauman : $ 9,9 млн
Top 9 World of sculptors
  1. Alberto Giacometti : $ 104,3 млн
  2. Amedeo Modigliani : $ 52,686 млн
  3. Henri Matisse : $ 48,803 млн
  4. Pablo Picasso : $ 29,161 млн
  5. Constantin Brancusi : $ 27,456 млн
  6. Jeff Koons : $ 25,783 млн
  7. David Smith : $ 23,816 млн
  8. Damien Hirst : $ 19,213 млн
  9. Auguste Rodin : $ 18,969 млн
artinvestment.ru/en
Tel.: +7 (495) 632-16-81
Copyright © artinvestment.ru/en, 2012
ARTinvestment.RU -- Инвестиции в искусство
Developed by e-logic, 2012