Art Investment

"Quay Malake" Pissarro again put up for auction

Painting Camille Pissarro (Camille Pissarro) «Quay Malake and the Institute, which has been withdrawn from Christie's auction on June 23 because of disagreements among the heirs, again put up for auction. It will be available November 3 at the evening auction works of the impressionists and modernists Christie's in New York; preliminary expert evaluation of fabric is 1,5-2,5 million dollars.

For more than a century of existence, this picture (Pissarro wrote it in 1903, remembering all the view from the window of his room at the hotel on the Quai Voltaire) survived the Anschluss of Austria, the Nazi confiscation and auction the Dorotheum. Nearly half a century, it was kept in the safe of the Zurich bank Zuercher Kantonalbank, and only last year returned to the restitution to its legitimate owner Gisela Bermann-Fischer (Gisela Bermann-Fischer), will spend on a search of her 13 years and half a million Swiss francs. To somehow compensate for spent money, time and effort, Mrs. Bermann-Fischer has decided to put work at auction Christie's.

But then in the history of the Quay Malacca "took a new turn: their rights to it said another heir - Itay Schoffman (Itai Shoffman), nephew Gisela Bermann-Fischer. Because of the conflict between relatives and the canvas was removed from the auction this summer: Schoffman, count on half of the proceeds, not satisfied with the proportion of 20 per cent, which he proposed to her aunt. How the heirs were able to agree among themselves - not known, but now they expose fabric together. At least, so stated in the official press release, Christie's.

article prepared by Catherine Onuchina, AI

Sources: christies.com , artdaily.com , artinvestment.ru

Learn more about the history of painting "Quay Malake and the Institute" can be read:

History of XX century was reflected in the provenance of one painting
Why is removed from the auction recaptured restitution Pissarro painting


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