Sotheby’s has announced the appointment of Nanne Dekking as executive vice president and vice chairman, Americas. Dekking will be based in New York and will work closely with senior management on key initiatives, including collaborating with Sotheby’s global private sale teams in New York, London, and Hong Kong, as well as with the executives responsible for business development and client relationships.
MARKET WATCH: Art market news and commentary by the staff of Art+Auction
As the bigger auction houses prepare to offer an unusual bounty of eight-figure blockbusters in their fall modern-and-contemporary sales, Bonhams looks set to make a splash of its own with a wide array of fresh-to-the-market Impressionist, modern, and contemporary works that underscore the robustness of the six- and seven-figure arena of the art market. On November 5, the house will feature works by masters including Camille Pissarro, Vincent van Gogh, and Auguste Rodin. The van Gogh, “Two Women in a Wood,” is described as “a pivotal composition” from the summer of 1882, when the artist first attempted to paint at the urging of his brother, Theo. The painting, which has been in private hands since 1983, is estimated at $200,000 to $300,000. Another highlight is Pissarro’s “Le Jardin de Maubuisson, Pontoise la mere Bellette” from 1882, with an estimate of $1.5 million to $2 million. The picture was formerly in the collection of Third-Republic French prime minister Fernand Bouisson before it was exhibited by the Wildenstein Gallery in New York in 1947, where it was acquired by the family of the current owner. Bonhams Impressionist and modern specialist Tanya Wells noted that many of the works in the wide selection of paintings, drawings, and sculpture “are coming to the market for the first time in decades.” Continue Reading
Sotheby’s announced the appointment of a new chief financial officer, Patrick S. McClymont, effective Oct. 7. McClymont will succeed current CFO William Sheridan, who is leaving the company after 17 years in order to spend time with his family and focus on charitable work.
In an interview with James Panero published on New York magazine’s website this morning, art dealer and former Knoedler president Ann Freedman commented on the $80 million fraud scandal that has rocked the art world in recent years, stating: “I am as shocked as everybody, more shocked, as I am the central victim.”
Years after accusations of fraud first began surfacing and multimillion dollar lawsuits started piling up, the U.S. Attorney’s office and the FBI have finally confirmed the existence of a forger in Queens N.Y. who created all of the works in question, putting to rest any question of whether the works, said to be by a roster of Abstract Expressionist masters, could possibly be authentic. “Fifteen years. In my head, these paintings have been right up until five days ago. Horrible,” Freedman said in the interview.