Art Investment

We find a Roy Lichtenstein painting, missing for more than 40 years ago

On the New York stock art was discovered missing in 1970 Lichtenstein painting "electrical cord." The cost of finding up to $ 4 million
ROY
Roy Lichtenstein An electric wire. 1961
Source: nydailynews.com

At a New York warehouse of art was discovered by Roy Lichtenstein painting "electric cord", which was considered lost since 1970. This black and white work done by the artist in 1961, was originally bought by a famous art dealer Leo Castelli (Leo Castelli) for $ 750 (now the picture is estimated at 4 million dollars). At one time in his gallery on East 77th Street, Leo Castelli spent many rising stars of the exhibition of postwar American art there, in particular, in 1962 and was the first exhibition of Lichtenstein. Picture of the "electric cord" Castelli in 1970, he sent for restoration, but did not wait for her return. Since then, the picture is considered to be lost.

After the death of an art dealer in 1999, the entire contents of his gallery was transferred to his widow, an Italian art critic and Barbara Bertozzi Castelli (Barbara Bertozzi Castelli). But that is lacking in this collection paintings' electric cord, "Castelli's widow found only in 2006 from a report by Roy Lichtenstein Foundation. Since then, the widow of the artist's dealer and the fund engaged in a joint search operation.

Last week, July 24, the fund Lichtenstein turned gallerist James Goodman (James Goodman) to conduct an examination of some of the Liechtenstein stored in the warehouse. The picture was going to sell, and the conclusion of the Fund needed to confirm its authenticity. In New York it was taken for the implementation of the new gallery Quinta in Bogota (Colombia). What a surprise it was the Fund's experts when they have identified work missing from Leo Castelli Gallery in the distant 1970. In this Tuesday, Superior Court Judge Peter Sherwood (Peter Sherwood) has imposed a temporary arrest of the canvas, exclusive access to it from the Goodman gallery owner, employee or store the current "owner". The sale process was of course suspended. On Monday held a hearing at which decides the fate of "Electric Cord».

Prepared by Mary Onuchina, AI

Source: artinvestment.ru


Permanent link to:
https://artinvestment.ru/en/news/artnews/20120802_roy_lichtenstein.html
https://artinvestment.ru/news/artnews/20120802_roy_lichtenstein.html

When quoting reference to the https://artinvestment.ru without fail

© artinvestment.ru, 2024

Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.

Услуги ARTinvestment

Арт-консалтинг

Индивидуальные консультации от опытных искусствоведов по любым вопросам в сфере искусства

Составление Инвестиционного Портфеля

Подбор предметов искусства для инвестирования под любую инвестиционную стратегию

Индивидуальная оценка

Наши эксперты проведут профессиональную оценку вашего предмета искусства, учитывая его состояние, авторство, историю и другие факторы

500+

Проведенных аукционов

8 800+

Зарегистрированных пользователей на аукционе

343 000+

Записей в базе

16 000+

Художников в базе

This site uses cookies, it can collect data about IP addresses and users. N 152-FZ «On Personal Data» and continue working with this site, you confirm your consent to the processing of personal data in accordance with the law N 152-FZ «On Personal Data» and «The policy of LTD «ArtIn» with regard to the processing of personal data».