Thursday, March 6, 2008

KNOW THE HISTORY OF YOUR ITEMS

This painting was stolen in Iraq in 2004 (Oil on Canvas 1958)
Art theft seems to be a theme this week but it brings up an important point when buying, selling, and appraising items. Along the same lines, fakes and forgeries are a huge problem in the art world. Every work of art has a history and being able to prove that history makes a huge difference. Consider the activities that took place in Europe during World War II. According to the “Nazi-Era Provenance Internet Portal” a website launched by the American Association of Museums “from 1933 through the end of World War II in 1945, the Nazi regime orchestrated a program of theft, confiscation, coercive transfer, looting, pillage, and destruction of objects of art and other cultural property in Europe on a massive and unprecedented scale.” While some of the objects were eventually recovered others have never been found or returned. Following this time, museums around the world continued to collect art and artifacts without fully researching the history. As a result, the original owners of some of the pieces began making claims of ownership. Today, museums have begun the long and arduous task of researching pieces in their collections, and, in some cases returning them to their rightful owners. Currently there are fifteen thousand thirty three objects from one hundred and nineteen participating museums listed on the website. Among the museums are the University of Kentucky Art Museum in Lexington and the J.B. Speed Art Museum in Louisville. The University of Kentucky Art Museum lists thirty pieces acquired during this period while the Speed Museum lists four paintings. The paintings at the Speed include, A Bacchanal by Jan Brueghel, Breakfast Still Life by Pieter Claesz, Flowers in a Glass Vase by Jan van den Hecke, and A Gallant Musical Pause at Delft by Jan Verkolje. According to Peter Morrin, Director of the Speed Museum, the provenance for the works listed on the website is incomplete. As research continues on the project and more is learned about the provenance of works in the Speed’s collection more works will be added. This raises the question of what steps the Speed would take if someone claimed that a listed piece was stolen from their family during World War II. According to Mr. Morrin, “Museums participating in the project are making their best effort to be as open in their dealings as possible. If a rightful heir finds that an object on the site is a piece they believe was stolen during World War II, they can contact the appropriate agency and begin the claims process.”
World War II is not the only instance when art and artifacts have been stolen during a time of conflict and have reemerged in another country. For years the Koreans have accused the Japanese of plundering artwork during their thirty-six year occupation of the peninsula. Due to the 1965 Japan-Korea Treaty, fourteen hundred items were returned. However, this was probably not even half of what was taken. Today Japan maintains ownership of many valuable items. Kwon Cheeyun, an art historian in Seoul told Newsweek International that, “35,000 Korean art objects and 30,000 rare books have been confirmed to be there too.” Beyond those numbers, there are probably even more items in private collections. In light of this, it was no surprise when Kakurinji Temple in Kakogawa, Japan was robbed in 2002. Among the pieces that were stolen was the Amida Buddha from Korea’s Koryo period. This was another instance when the robbers claimed a “moral purpose,” as the two Koreans who were apprehended in the theft said they were on a mission to reclaim pieces of Korean history.
With the invasion of Iraq, Baghdad burned and the Museums were looted. While the U.S. was required to ensure order and protect museums and other cultural institutions under the laws of war, Donald Rumsfeld told a Pentagon news briefing that “stuff happens.” He continued to say that, “it is a fundamental misunderstanding to see those images over and over and over again of some boy walking out with a vase and say, 'Oh, my goodness, you didn't have a plan.' That's nonsense." But today, years after Rumsfeld spoke those words it is now evident that the U.S. did not have a plan. At the time, the Deputy Director of the National Museum of Iraq blamed the U.S. forces for refusing to prevent the plunder of items that date back thousands of years. In fact, it is widely reported that U.S. forces only intervened once for a half hour in the forty-eight hour looting spree. It has also been reported that some of the looting that occurred in Iraq was planned in advance. Upon inspection, investigators noticed that some of the glass cases had been opened with keys and suspicions were raised about the items being sold abroad. To make matters worse, a February 15, 2005 article by Humberto Marquez for the Inter Press Service said that U.S. and Polish soldiers are stealing antiquities and selling them over the border. This is “the biggest cultural disaster since the descendants of Genghis Khan destroyed Baghdad in 1258,” Venezuelan writer Fernando Báez told IPS. It is his belief that the United States has not signed The Hague Convention or the 1999 protocol because the government knows that by not protecting the art and artifacts of Iraq it has violated that convention. However, Mr. Báez states that coalition forces are also to blame. It is not known how many more items will be missing before the U.S. leaves Iraq or how many will be recovered. If history repeats itself, cultural institutions may have to start researching the provenance of the pieces they acquired beginning in 2003.
What does this mean for the average collector? It means don't buy unless the dealer provides a solid provenance and then make sure you check out the provence before money is exchanged . To bring home this point I am going to end by telling you a story about a piece that I was hired to appraise about six months ago. I received a frantic phone call from a woman that I knew but who had never been a client. She had been promising her insurance company an appraisal for several itemized pieces for a year but had procrastinated. By the time she contacted me, they had given her three days before they were going to drop the items from her policy. She paid about $15,000 for one piece which was confirmed by a receipt from an antique dealer who was known to have a good reputation. A small bit of information on the receipt said that the piece was attributed to a particular artist by a known historian in that genre. An appraiser has to conduct due diligence so I called the antique dealer to confirm this information and to ask him if he had any supporting evidence. He said he did but told me to call him back. When I called him back he got very angry with me, yelled, and hung up the phone. This was quite a shocking experience because I was just practicing due diligence. He only needed to tell me that this was what the auction house provided to him and he knew nothing more. However, his abrupt, unprofessional behavior made me suspicious. I called around Italy and checked with some of the best experts in the world in that genre of art. They looked at the images and told me that they did not believe any expert would attribute that particular piece without a good deal of documentation. Further, they had never heard of the supposed “authentication expert” and I could not find evidence of her existence. Therefore, I had to claim that the piece was “in the style of” as opposed to “attributed to” which made a difference in the value. I also had to explain what happened with the antique dealer in the appraisal. My client was unhappy and the antique dealer tried to back peddle. I don’t know what happened after that. What I do know is that I did my due diligence and if that client ever tries to sell her piece at a high end auction they will also do their due diligence and she may not be able to sell the piece due to poor provenance and the unsupported claims made by the dealer.

Wednesday, March 5, 2008

THEFT ALERT









On Monday, February 25, 2008, 175 pieces of Pottery including Rookwood, Weller, Roseville, Owens, Van Briggle, Hampshire, Pillin, and Fulper was stolen along with a cargo Trailer from Belhorn Auction Services in Hilliard, Ohio (suburb of Columbus). All of the pieces of this pottery were to go to auction at the American Pottery Association's Annual Convention on April 23-27. Money made from off the commission of the pottery sale was to benefit the American Pottery Association.
Although all of the names of pottery listed above are popular, Rookwood Pottery is especially desirable in our area due to the Northern Kentucky and Cincinnati connection. Rookwood can be easily identified as it is usually well-marked. The most famous factory marks on the base include a sun-like symbol which dates the piece. This system began in 1886 with a line (or a ray of the sun) added each year thereafter.
If you have information regarding this theft or if you recognize any of the attached photos please contact the Hilliard (Ohio) Police Department at (614) 876-7321. If you would like to see video of the vehicle, more pictures of stolen pottery, or other information regarding the theft please go to the Belhorn Auction Service website.

EAT

Over the weekend I completed an on-site inspection for an appraisal in Maysville, Kentucky. When I was finished there were a couple of hours left in the day to explore. Located on the banks of the Ohio, nestled below a cliff, the town incorporates old architecture with a good museum and some interesting art galleries. The most unusual gallery was EAT (Exquisite Art Treasures). The gallery owners moved to Kentucky from Beverly Hills fifteen years ago and restored the old EATS building (so called because of the restaurant that used to be there.) Modern, a bit edgy, and very interesting, EAT could be located in New York. But it is not. It's in Maysville. Long time importers of stones and other natural treasures, the owners teamed up with jewelry artists to create one-of-a-kind pieces. There are also Geodes, mineral specimens, framed butterflies, fossils and other natural creations in the space. Angel Wings: Geode
Jewelry has long been considered a good collecting area. Although I do not appraise jewelry I know that a well-made item with good quality stones will bring top dollar in the future. As a collector you want to find good style, high quality, and something that is rare and coveted by many. Most importantly, you want your collection to consist of items that excite you. Maybe you can find your next treasure at EAT. At the very least, you will have the opportunity to visit one of the country's most beautiful and historic small towns.

Tuesday, March 4, 2008

LOVE...WHAT'S IT REALLY WORTH?

painted aluminum
72 x 72 x 36 in.

Year: 1966 -
Printing/Casting:2000

Edition:5/6 Signed
Sotheby's Paris

December 12, 2007
Sold For: $1,227,352

Today I found this website http://www.1millionlovemessages.com/ which is dedicated to blogging about love and love messages. Although it has nothing to do with appraising or art, it did make me start thinking about famous art images depicting Love. Perhaps the most famous and iconic of all images relating to love is Robert Indiana's LOVE. This image was recreated in many mediums by the artist including oil, aluminum, silkscreens, rugs, and several more. The original image was made for the Museum of Modern Art's 1964 Christmas Card. Each of these pieces sold for different prices based on a variety of factors including, medium, year of production, color, quality, size, signature, and provenance.(successive history of ownership)
If you would like to see LOVE for yourself, the Indianapolis Museum of Art owns a sculpture version which they display outside the museum.


1.Screen Print in colors (left)
18.1 x 18.1 in.
Year: 1997 -
Edition: 38/150
Signed
Christie's New York

February 8, 2008
Sold For: 4,375 US$ PREMIUM

2.Oil on Canvas (right)
12X12 in.
Year: 2003 -
Description
stamped with the artists initials, VH and dated 03

Sotheby's London

February 28, 2008
Estimate: US$ 68,479 - 88,045, UNSOLD

Monday, March 3, 2008

BRINGING HOME THE BACON


On paper, Francis Bacon probably wouldn't look that promising to wealthy collectors during the 1930s. Never formally trained in art, Bacon began paint before he moved to London in 1929. There, he established himself as an interior designer and as a furniture designer. By 1934 he was organizing group shows and solo shows and soon after destroyed much of his own work. He did not paint intensively again until 1944. After that date his works began to sell very quickly.

2007 was a very good sales year for Bacon's work. In fact, it was the best year ever. In that year seven canvasses sold for more than $10million a piece but on February 6th of 2008 experts claimed the market must be softening when a well-made Bacon triptych sold for just under the estimated value of £25 million and sold for £23.5 million ($46.3 million) instead. They could not have been more wrong.

By 1969, during one of his most prolific periods, Bacon finished Study of Nude with Figure in a Mirror (seen above). On February 27, 2008 this piece went to auction and sold for the auction night high of £19,956,500. This, during a sale at which new auction records were set for six other major artists. According to Alexander Branczik, a contemporary art specialist at Sotheby's "this would never have been sold at auction if it wasn't going to achieve £18m." In other words, the private collector noticed the rising prices of Bacon's work and knew that now was the right time to sell.

Ultimately, this is the point of this posting today. Most people will tell you to collect what you like and enjoy it without a thought to future value. I know from experience that even if collectors claim that this is their motivation, money always plays a part in it. Everyone wants to have good taste and everyone wants to make a wise investment. The only way to do this is to work hard at understanding the market you are interested in. Have the artist's prices risen in the last five years? If you have been looking at their work for a while do you think they show improvement or a development of style? Are they making work that reflects a new and exciting trend or does it look exactly like something that was made 100 years ago? Ultimately, this is what I do as an appraiser. I am constantly evaluating your work in relation to works of similar subject, style, size, condition etc. that have sold in the past. I am making value judements based on my experience looking at art and studying the marketplace. You too, can become an expert if only in a particular style or with a particular artist. Who knows, sooner, rather than later you might be bringing home the Bacon.

Sunday, March 2, 2008

ART UNDER $2500


You probably know by now that Louisville has a great art scene. Galleries abound in downtown, Crescent Hill, and the Highlands. But did you know that there are also a lot of great art buying opportunities in the surrounding areas?


One of my favorites is the Cincinnati Art Galleries http://www.cincyart.com/.

This auction house is one of the best in the region for high quality art. They specialize in Rookwood Pottery but also sell wonderful paintings, furniture and books.


As an appraiser, one of my jobs is to follow the trends in art. Like other creative forms, art reflects what is going on in society as a whole. Right now there is a pull toward clean lines and bright colors. Cincinnati Art Galleries show "Robert Herrmann - Cincinnati's Precisionist" running from March 8-April 12 is a good example of that trend. Herrmann studied art at the University of Cincinnati (among others). He created images of New York, Cincinnati, and Washington D.C. and his style is defined by the crisp lines and details of his images. This artist never showed his work in his lifetime and probably never sold anything during is life either. After his death in 1996, his pieces were shown in a one man show in Cincinnati. Today, they are being offered again. Although investing in art is tricky, Herrmann's work is still relatively inexpensive. If you like it (see picture above or go to the website) now may be the time to invest.

Saturday, March 1, 2008

I WISH THE VALUE WAS HIGHER


Today I did an appraisal of one painting which was 170 miles from where I live. Usually, I reserve distance appraisals for people with more than one thing but the client was enthusiastic about the historic aspect of the painting so I knew that it wouldn't be a wasted trip either way. Yes, value is important but historic significance is just as important in my opinion. If I complete the research and find out that the painting is only worth $100 I hope to at least give my client information about when the piece was created, who created it, how they were educated etc.

As an appraiser I want your art to be value. I take no pleasure in telling you that your piece is a 1990s photocopy with no value. But it is what it is. I don't make the decision about what the value of a piece is but too often the appraiser gets blamed. I have turned down jobs when a client calls me and tells me that another appraiser looked at the piece ago and said it wasn't worth much. The chances are, that appraiser was correct and I will just be wasting the client's time and money. If the client tells me that they have discovered important paperwork relating to the piece (like a receipt that it was purchased from the Kennedy Estate) then I will willing to reappraise the item. Most of the time though the piece has been inherited from a relative who told them that it was worth a certain amount and the client just can't get past it. Too often there are stories to go along with the piece that just can't be substantiated (like 'this belonged to Henry VIII mistress'). There are stories like that in my family too and I grew up believing them. It turns out that some of the stories are true and some of them are not. Do you remember the game "telephone". If the provenance (successive history of ownership) of the piece is not written down, it often gets confused after several generations. "This piece looks exactly like the one hanging Terra in Gone with the Wind but is just a reproduction" becomes "This piece was hanging in Terra during the filming of Gone with the Wind". Many people do not have enough emotional distance from their art (me included!) and can not see past the stories that have been passed down to them.

The one drawback of my job is that for better or worse I am the messenger. I tell you what other people would be willing to pay for your piece at auction or in a gallery based on what others like it have sold for in the past. I am also the one that has to tell you that it is not an original painting or antique poster but just a really good reproduction. So, the next time you need to get something appraised remember that the appraiser hops in their car and drives to your house with all of their fingers and toes crossed. After all, it is easier (and more fun) to be the bearer of good news.