George Lindemann Journal - "A Blend of Beauty and Violence" @wsj -By Mary Lane

George Lindemann Journal

 
 
"A Blend of Beauty and Violence"
By
Mary M. Lane

Updated Nov. 15, 2013 12:13 p.m. ET

On a fall evening in 2007, New York-based dealer Arne Glimcher sat in a Sotheby's BID +2.46% Sotheby's U.S.: NYSE $51.99 +1.25+2.46% Nov 15, 2013 2:20 pm Volume (Delayed 15m) : 685,095 P/E Ratio 33.76 Market Cap $3.49 Billion Dividend Yield 0.77% Rev. per Employee $536,709 5352515010a11a12p1p2p3p 11/14/13 Peltz Holds On to Mondelez Sta... 11/14/13 'Pink Star' Diamond Fetches Re... 11/12/13 Stocks to Watch: Sarepta, Dish... More quote details and news » BID in Your Value Your Change Short position auction room in London and watched bidding soar for "Garden of Earthly Delights III," a fantastical painting by artist Raqib Shaw.

The seascape—made with glitter, rhinestones and enamel—featured underwater fights between marine chimaera, including a toucan-headed man attacking a malevolent creature with piranha fangs. When the hammer fell, the painting sold for $5.5 million, almost seven times its $811,000 low estimate. (Mr. Glimcher had given up after $2.5 million.)

Seeing the works convinced Mr. Glimcher that the Calcutta-born artist would be a perfect addition to Pace, his New York-based gallery. The dealer began wooing Mr. Shaw with an ambitious plan to fill three of Pace's four Manhattan spaces with the artist's work for his debut gallery show in America.

That exhibition, "Paradise Lost," opened last week and runs through Jan. 11. It depicts bizarre fantasy worlds being destroyed by violent savagery through 10 paintings, three sculptures and three works on paper. The show has been drawing 1,000 visitors a day—a lot for a small gallery space—and represents four years of labor for Mr. Shaw, a self-described "recluse" who goes weeks without leaving his London studio. He lives there with his dogs Minty and Mr. C and a collection of over 50 indoor bonsai trees.

"I don't do friends and family. I think they're a waste of time," he says, adding that he leaves the long-term safekeeping of his career to Mr. Glimcher, who nurtured the careers of heavyweight artists Robert Rauschenberg and Agnes Martin.

At the Pace show in New York, Mr. Shaw's paintings run from $500,000 to $1.5 million, his works on paper are $275,000 and his sculptures are $375,000 to $3 million. All have already sold.

Each of Mr. Shaw's works requires several months. The 39-year-old artist says that their painstaking detail has ensured that he hasn't taken a vacation in 15 years.

He spends weeks crafting intricate drawings on vellum parchment before transferring them to absorbent, high-grain birchwood panels reinforced by metal. Then, Mr. Shaw uses flammable enamels including Mercedes-Benz auto paint to create fantasy characters in loud colors, including neon green and orange.

In "Arrival of the Rain King—Paradise Lost II," Mr. Shaw depicts an imposing neoclassical edifice being torn apart by zebras with human arms and lion-like heads. The creatures also battle for dominance, tearing off chunks of each other's flesh.

Mr. Shaw's inspiration was the contemporary clash between Eastern and Western cultures, the writings of John Milton and the apocalyptic paintings of Hieronymus Bosch, he says.

The trio of sculptures by Mr. Shaw all feature athletic male nudes with smooth bodies that contrast sharply with the heads of reptiles, rams and rhinoceroses. Each creature wears a pair of trendy, lace-up boots, a reference to Mr. Shaw's original wish to become a fashion designer as a child.

"I can't do scissors and stitching," he says.

George Lindemann Journal - "At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction" @nytimes -by Carol Vogel

George Lindemann Journal

At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction

2013 Estate of Francis Bacon/Artists Rights Society (ARS), New York/DACS, London

It took seven superrich bidders to propel a 1969 Francis Bacon triptych to $142.4 million at Christie’s on Tuesday night, making it the most expensive work of art ever sold at auction. William Acquavella, the New York dealer, is thought to have bought the painting on behalf of an unidentified client, from one of Christie’s skyboxes overlooking the auction.

The price for the painting, which depicts Lucian Freud, Bacon’s friend and rival, perched on a wooden chair, was more than the $85 million Christie’s had estimated. It also toppled the previous record set in May 2012 when Edvard Munch’s fabled pastel of “The Scream” sold at Sotheby’s for $119.9 million and broke the previous record for the artist at auction set at the peak of the market in May 2008, when Sotheby’s sold a triptych from 1976 to the Russian oligarch Roman Abramovich for $86.2 million.

When the bidding for “Three Studies of Lucian Freud” finally stopped, after more than 10 fraught minutes, the overflowing crowd in the salesroom burst into applause. Two disappointed bidders could be seen leaving the room. “I went to $101 million but it hardly mattered,” said Larry Gagosian, the super-dealer who was trying to buy the painting on behalf of a client. Another contender was Hong Gyu Shin, the director of the Shin Gallery on Grand Street in Manhattan, who said he was bidding for himself.

“I was expecting it to go for around $87 million,” Mr. Shin said. Although he explained that he collects mostly Japanese woodblock prints and old master paintings, he found the triptych by the Irish-born painter, who died in 1992, irresistible. “I loved that painting and I couldn’t control myself,” he said. “Maybe someday I’ll have another chance.”

For more than a month now, Christie’s has been billing the sale as a landmark event with a greater number of paintings and sculptures estimated to sell for over $20 million than it has ever had before. The hard sell apparently worked. Nearly 10,000 visitors flocked to its galleries to preview the auction. The sale totaled $691.5 million, far above Christie’s $670.4 million high estimate, becoming the most expensive auction ever. It outstripped the $495 million total set at Christie’s in May.

Of the 69 works on offer, only six failed to sell. All told, 10 world record prices were achieved for artists who, besides Bacon, included Christopher Wool, Ad Reinhardt, Donald Judd and Willem de Kooning.

The sale was also a place to see and be seen. Christie’s Rockefeller Center salesroom was standing room only, with collectors including Michael Ovitz, the Los Angeles talent agent; Aby Rosen, the New York real estate developer; Martin Margulies, from Miami; Donald B. Marron, the New York financier; and Daniel S. Loeb, the activist investor and hedge fund manager.

The Bacon triptych was not the only highflier. A 10-foot-tall mirror-polished stainless steel sculpture that resembled a child’s party favor, Jeff Koons’s “Balloon Dog (Orange)” sold to another telephone bidder for $58.4 million, above its high $55 million estimate, becoming the most expensive work by a living artist sold at auction. The pooch was being sold by Peter M. Brant, the newsprint magnate who auctioned the canine to raise money to endow his Greenwich, Conn., foundation. In the 1990s, Mr. Koons had created the sculpture in an edition of five, each in a different color. Four celebrated collectors own the others: Steven A. Cohen, the hedge-fund billionaire, has a yellow one; Eli Broad, the Los Angeles financier, owns a blue one; François Pinault, the French luxury goods magnate and owner of Christie’s, has the magenta version; and Dakis Joannou, the Greek industrialist, has his in red. Christie’s had estimated Mr. Brant’s sculpture would fetch $35 million to $55 million.

(Final prices include the buyer’s premium: 25 percent of the first $100,000; 20 percent of the next $100,000 to $2 million; and 12 percent of the rest. Estimates do not reflect commissions.)

Another strong price was set for a classic image in contemporary art history — Andy Warhol’s “Coca Cola [3],” one of only four paintings of a single Coca-Cola bottle that the artist made in 1961 and 1962. Jose Mugrabi, the New York dealer, bought the painting from S. I. Newhouse Jr. in 1986 and he was said to be selling it on Tuesday night. That painting made $57.2 million. It had been estimated to sell for $40 million to $60 million.

Three bidders went for Rothko’s “No. 11 (Untitled),” one of the artist’s abstract canvases, this one in an orange palette and created in 1957. It was being sold by the estate of Bruce J. Wasserstein, the financier who died in 2009. Christophe van de Weghe, a Manhattan dealer, bought the painting for $46 million, above its high $35 million estimate. Mr. van de Weghe also bought “Apocalypse Now,” a seminal painting by Mr. Wool, whose work is currently the subject of a major retrospective at the Guggenheim Museum. Bidding on behalf of a client, he paid $26.4 million for the painting. Created in 1988, the white canvas is filled with the words “Sell the House Sell the Car Sell the Kids,” a line from the Francis Ford Coppola movie of the same title. The painting belonged to David Ganek, the former New York hedge fund manager and Guggenheim board member. Mr. Ganek has since resigned from the board.

After the sale, Jussi Pylkkänen, chairman of Christie’s Europe and the evening’s auctioneer, noted how international the bidding was. Besides a healthy showing of American bidders, there were also a lot of potential buyers from Asia and Europe trying to get into the action. “There were more players from the New World than ever before,” he said, “and more people spending over $20 million.

“But,” he warned, in order to have such a successful sale, “you have to have the material.”

A version of this article appears in print on November 13, 2013, on page A27 of the New York edition with the headline: At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction.

George Lindemann Journal - "Sotheby's Strong Sale Anchored by $50 Million Giacometti Bronze" @wsj -by @KellyCrowWSJ

George Lindemann Journal

After Christie's bumpy lead-in to the New York fall auctions, Sotheby's held a robust sale of Impressionist and modern art on Wednesday that could reassure collectors about the trajectory of the market overall.

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Alberto Giacometti's "Large Thin Head (Large Head of Diego)" sold for $50 million at auction in New York Wednesday. Reuters

Earlier this week, Christie's three-day series of Impressionist and modern art sales totaled $293.7 million. On Wednesday, Sotheby's got nearly that much from its evening sale alone. Its $290.2 million total represented one of the highest in the company's history, thanks to a trio of pieces that each topped $30 million.

New York dealer Bill Acquavella, who buys for American billionaires, paid $50 million for Alberto Giacometti's "Large Thin Head (Large Head of Diego)," a 2-foot-tall, spindly bronze bust of the artist's brother that was priced to sell for $35 million to $50 million. An anonymous telephone bidder also paid $39.9 million for Pablo Picasso's colorful 1935 portrait of his mistress sporting a purple beret, "Head of a Woman." That painting was only expected to sell for up to $30 million.

Picasso's cherry-red, 1969 portrait of a swashbuckling musketeer, "Musketeer with a Pipe," also sold for $30.9 million, exceeding its $18 million high estimate and resetting the high bar for a late-era work by the artist. The buyer was Monte Carlo dealer David Nahmad, whose son Helly was recently accused by federal prosecutors in Manhattan of participating in an illegal gambling ring. The Nahmads have denied any wrongdoing.

The art market is a high-stakes table all its own, and Sotheby's said collectors from 13 countries anted up on Wednesday—notably those hailing from the U.S., Switzerland and Latin America. Collectors from the last group, including Brazilians, took home Francis Picabia's $8.8 million "Volucelle II," a confection of black-and-white stripes dotted with colorful, bowling ball-shaped orbs, as well as works by Marc Chagall. Chinese collectors also underbid heavily for classic examples of Impressionists like Camille Pissarro and Claude Monet.

At least five bidders chased after Monet's shivery "Icicles," and a telephone bidder won it—after a protracted bidding war—for $16.1 million, over its $14 million high estimate.

Dealers said Sotheby's won out this week in part by offering works that hadn't been traded lately in the marketplace, which gave the works a where's-that-been freshness that collectors crave. Only a dozen of its 64 offerings had even turned up at auction in the past two decades and several of the priciest offerings, like the Giacometti bronze, were auction first-timers. After Christie's saw some of its most expensive examples by Picasso fail to find takers earlier this week, Sotheby's also had the luxury of time to go back to its sellers and adjust their reserves, or minimum asking prices, downward. Bidding for some of Sotheby's works, like a Juan Gris that sold for $8.8 million, started at $4.7 million—well below a typical starting price.

But bidders at Sotheby's also exuded more exuberance, a sign they may have simply preferred the house's offerings over its rival this time around. The telephone buyer of the Gris also picked up a $1.9 million Giorgio de Chirico, a $2.6 million Jacques Lipschitz, and a $1.4 million Auguste Rodin.

Overall, 52 of Sotheby's 64 pieces found buyers, helping the sale achieve a strong 92.3% of its potential presale value. Records were broken for artists like Picabia, Lipschitz, Jean Arp, and Gustave Courbet.

After the sale, Sotheby's specialist Simon Shaw said collectors are still willing to shop, but they no longer want to overpay. "The market sorts out what's truly great."

George Lindemann Journal - "German Police Pick Up More Artworks" @wsj by @MaryLaneWSJ

George Lindemann Journal

BERLIN—Police near Stuttgart took possession of artwork in a local residence on Saturday connected to Cornelius Gurlitt, the man at the center of an investigation into a cache of lost, Nazi-confiscated art, a police spokesman said.

According to photos and a report first published in the Sunday edition of German newspaper Bild, authorities collected 22 artworks wrapped in old newspapers, Bubble Wrap and duct tape and placed them into the back of a police car.

A huge cache of modern art found in the apartment of an elderly Munich man is in the hands of German officials - but what they are going to do with it is up in the air. Via WSJ's global news update The Foreign Bureau.

Nikolaus Fräßle, Mr. Gurlitt's brother-in-law, lives in the house, according to the paper. Mr. Fräßle, the widower of Mr. Gurilitt's deceased sister, didn't return calls to his house in the southern German town of Kornwestheim.

Police near Stuttgart took possession of artwork in a local residence connected to Cornelius Gurlitt, the man at the center of an investigation into a cache of lost, Nazi-confiscated art. Mary Lane reports. Photo: AP.

A police spokesman in Kornwestheim confirmed on Sunday that pictures in connection with the Gurlitt case were taken from a residence in the town but wouldn't say how many or from whom.

Mr. Fräßle contacted the police himself to ask them to come pick up the art because he was concerned about security, Bild reported.

The 1,400 works of art seized by German prosecutors from Mr. Gurlitt's Munich apartment in early 2012, a discovery made public last week, are believed to have been collected by his father, Hildebrand Gurlitt.

Augsburg prosecutors have declined to release a full list of the works in the trove, but among them are works on paper by Pablo Picasso, and works of unidentified material by Pierre-Auguste Renoir, Edgar Degas, Henri de Toulouse-Lautrec and Auguste Rodin. Also found in the younger Mr. Gurlitt's apartment was an oil painting of a girl by Henri Matisse that was known to have been taken by the Nazis from prominent Paris art dealer Paul Rosenberg.

The senior Mr. Gurlitt, now deceased, was a leading art dealer for the Nazis and was known to have sold Nazi-confiscated works labeled as "degenerate" by Adolf Hitler. Many so-called degenerate works are known to have been taken from Jews and others persecuted by the Nazis.

Write to Mary M. Lane at mary.lane@wsj.com

George Lindemann Journal - "Pressure Mounts to Return Nazi-Looted Art" @nytimes by @alisonsmale

George Lindemann Journal
Christof Stache/Agence France-Presse — Getty Images
Michael Dalder/Reuters
Christof Stache/Agence France-Presse — Getty Images
Christof Stache/Agence France-Presse — Getty Images
Michael Dalder/Reuters
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BERLIN — The mysterious discovery of 1,400 artworks apparently collected by a German dealer under the Nazis continued to ripple disturbingly through Germany and the art world on Sunday, prompting reports of a deal with Hitler’s propaganda chief and calls for Germans to do more to return lost works to Jewish heirs.
The Bild newspaper reported on Sunday that the dealer — an art connoisseur named Hildebrand Gurlitt who supported artists banned by the Nazis but also dealt in stolen art with Hitler’s propaganda chief, Joseph Goebbels — arranged with Goebbels in 1940 to pay 4,000 Swiss francs for 200 pieces of “degenerate art,” the Nazi term to describe many modernist European works.

In southwestern Germany, meanwhile, the police said they had recovered 22 “valuable” artworks after a call from someone who gave an address just outside Stuttgart to go there and retrieve them.

Deidre Berger, head of the American Jewish Committee in Germany, called on the German government to move decisively to clear up ownership questions surrounding the art.

“It is a disgrace that laws are still in existence that justify injustice,” Ms. Berger said in a statement, referring to Nazi-era laws that leave the ownership status of some confiscated art unclear. She also noted the poignancy of having the art come to light as Jews gathered in Berlin this weekend to commemorate the 75th anniversary of Kristallnacht, the beginning of Hitler’s murderous persecution of the Jews.

Paris Match published what it said was a photograph of Hildebrand Gurlitt’s son, Cornelius, who reportedly kept the 1,400 works stashed for decades in a Munich apartment belonging to his family. A neighbor of Mr. Gurlitt’s in Salzburg, Austria, confirmed that the picture was that of the elderly man.

Der Spiegel magazine also reported receiving a typewritten and signed letter last week from Cornelius Gurlitt that listed the return address as the same apartment where the art was found. In the letter, the writer praised “your spiritually rich and nobly minded” magazine, but asked that the Gurlitt family name no longer be mentioned in it.

The large trove of art was discovered by authorities in February 2012, but became public knowledge only in recent days, stunning the art world and setting off a scramble to establish ownership. Authorities have publicly identified just a handful of the works.

In its report on the Gurlitt-Goebbels contract, Bild included a list of the 200 works that were to change hands, including ones by, among others, Picasso, Chagall and Gauguin.

After World War II, Hildebrand Gurlitt reported that most of his collection and all of his inventory had been destroyed in the 1945 bombing of Dresden. Twenty to 25 works listed as belonging to him were included in an exhibition that toured the United States in the mid-1950s. He died in a traffic accident in 1956.

The police in the southwestern state of Baden-Württemberg said on Sunday that they had received a call from a resident of Kornwestheim, about six miles north of Stuttgart, which sent officers to a house there on Saturday, where they recovered 22 artworks.

The police did not identify the caller, but Bild named the man as Nikolaus Frässle, the brother-in-law of Cornelius Gurlitt. The police said that the caller had said that news reports led him to fear for the safety of the works. The police took the works “to a safe place,” the statement said. Bild said Mr. Frässle was married to Cornelius Gurlitt’s sister, identified in official archives as Nicoline Benita Renate Gurlitt, who was born in Hamburg in 1935, three years after Cornelius. Bild said she had died but provided no further details.

The contract with Goebbels listed Hildebrand Gurlitt as living in Hamburg at the time. At some point during World War II, the family moved to or near Dresden, and fled farther south to Bavaria as the war was ending.

The elder Gurlitt was interrogated by the Allies, and his collection — listed as a few hundred works — was kept until 1950, when it was returned to him. The origins of those pieces — and of the far larger cache found in the Munich apartment of Cornelius Gurlitt — is unclear. German authorities have said that research is needed before they can publish a list, but museums and the heirs of collectors who were stripped of their works by the Nazis have urged swift action to return artworks to their rightful owners.

The Sunday edition of the Frankfurter Allgemeine newspaper, meanwhile, reported that a painting by Max Liebermann, one of the few of the 1,400 works to be publicly identified, was listed in Germany’s official databank for art seized by the Nazis. The piece, depicting two men riding horses on a beach, is sought by the descendants of David Friedmann, who had been a sugar refiner in Breslau, a former German city now known as Wroclaw in Poland.

George Lindemann Journal - "2 Founders of Dia Sue to Stop Art Auction" @nytimes by @randykennedy

George Lindemann Journal

Two founders of the Dia Art Foundation have taken the unusual step of going to court to try to stop the art organization from auctioning off as much as $20 million in works from its world-class holdings next week at Sotheby’s.

 

The foundation has come under fire from many parts of the art world over its decision to sell the works and has defended itself by saying that it needed the money to continue to grow and to buy new artworks.       

Heiner Friedrich and Fariha de Menil Friedrich, who formed Dia in 1974 to support contemporary artists doing challenging work, filed suit in state court in Manhattan on Thursday, seeking an injunction against the foundation and Sotheby’s, which is planning to auction Dia works by luminaries like Cy Twombly, John Chamberlain and Barnett Newman on Wednesday. Many of the works named in the lawsuit were donated by Mr. and Ms. Friedrich when they created the foundation with the art historian Helen Winkler. The lawsuit claims that selling the works to private collectors would remove them “from public access and viewing in direct contravention of Dia’s entire intent and purpose.” The auction would be a breach of an “implied covenant of good faith and fair dealing” with the Friedrichs and the artists who made the works, the suit states.

In a phone interview, Mr. Friedrich, who last served on the foundation’s board in the mid-1980s, said: “The foundation must raise funds differently than through selling works of art, selling its heritage.”

Officials at Sotheby’s and Dia said they were reviewing the papers and had no comment.

Mr. and Ms. Friedrich and other opponents of the sale have met over the last several months with Dia’s director, Philippe Vergne, to try to dissuade the foundation from selling the works. Mr. Vergne has said he believes the sale to be crucial for helping the foundation evolve as it embarks on building a new Manhattan home in Chelsea. In 2004, Dia closed its two Chelsea galleries, saying it had outgrown the buildings. Its permanent collection — a huge array of works from the 1960s to the present — is now displayed in the foundation’s outpost in Beacon, N.Y.

“Dia cannot be a mausoleum,” Mr. Vergne said in June, in announcing the planned sale. “It needs to grow and develop.”

Shortly after that announcement, Paul Winkler, the former director of the Menil Collection in Houston, which has one of the best Twombly collections in the world, wrote to the foundation urging it to rethink the sale, which includes Twombly’s “Poems to the Sea,” a suite of 24 drawings from 1959, and Newman’s “Genesis — The Break,” a 1946 abstract canvas. “Poems” is expected to sell at Sotheby’s contemporary art auction next week for $6 million to $8 million.

“Cy Twombly considered ‘Poems by the Sea’ to be one of the greatest sets of drawings,” wrote Mr. Winkler, brother of Ms. Winkler. “It is a masterwork, not a minor piece to be sold to beef up an acquisition fund. The same can be said of the exceptional Chamberlain work in your care and Newman’s ‘Genesis — The Break.’ ” The Friedrichs, who were once married but have since divorced, acknowledge in the lawsuit that terms under which these works passed to the foundation may not be clear. An original statement of purpose, saying that “works of art purchased by plaintiffs through Dia or donated by them to Dia were to form permanent collections for the public” cannot be located in Mr. and Ms. Friedrich’s documents, the suit says.

But the court papers also raise the possibility that Twombly’s “Poems,” as well as some Chamberlain works and other Twomblys, might not be legally owned by Dia but might be long-term loans from the Friedrichs. The suit claims that a museum, possibly the Menil, was in discussions to buy “Poems” but that Dia rejected the offer.

<img src="http://meter-svc.nytimes.com/meter.gif"/>

This article has been revised to reflect the following correction:

Correction: November 8, 2013

An earlier version of this article referred incorrectly to Helen Winkler. She is an art historian, not an artist-historian.

George Lindemann Journal - "Documents Reveal How Looted Nazi Art Was Restored to Dealer" @nytimes by @PatcohenNYT

George Lindemann Journal

Throughout the waning years of World War II, a band of Allied soldiers, art historians, curators and scholars labored to safeguard Europe’s cultural heritage and recover the millions of artworks and other treasures plundered by the Nazis and their collaborators. Nicknamed the Monuments Men, this group set up a string of temporary collection points for the valuables.

Among the art in their care was a cache of 115 paintings, 19 drawings and a half-dozen crates of objects that the British had found in Hamburg in 1945. The works were registered under the name of Hildebrand Gurlitt, according to documents unearthed this week in the National Archives in College Park, Md., by Marc Masurovsky, the founder of the Holocaust Art Restitution Project.

Now, six decades later, restitution experts said it is possible that this collection, once entrusted to the Monuments Men, is part of the astonishing stash of more than 1,400 works seized in 2012 by German investigators from the apartment of Gurlitt’s son Cornelius and brought to light this week. It is considered to be the largest trove of missing European art to have been discovered since the end of World War II.

For five years, the elder Gurlitt, one of a handful of German dealers whom the Nazis had anointed to sell art confiscated from Jews and museums and sold abroad for foreign currency, had insisted these works were rightfully his. With the European recovery effort finally winding down, officials at a collection center in Wiesbaden agreed to return the cache to Gurlitt.

On Dec. 15, 1950, the leader of the Allied unit, Theodore Heinrich, an American, signed the papers releasing the art to Gurlitt. The names and descriptions of a handful of paintings in the cache returned to Hildebrand Gurlitt — including gems by Otto Dix, Max Beckmann and Marc Chagall — appear to match those once hidden in the cluttered apartment of his son.

The State Department in Washington says it is pushing the German authorities to make public a list of the seized works. Without the list, it is impossible to confirm with certainty that any of the pieces returned in 1950 to Hildebrand Gurlitt are the same as those seized last year. Mr. Masurovsky, however, said he believes that at least some of the works returned by the Allies in 1950 are the same.

What can be confirmed is that at least eight of the paintings that were returned in 1950, and that the elder Gurlitt maintained he had legitimately acquired were, in fact, stolen by the Nazis. These eight are currently listed in a database of looted art that the Nazis had stored at the Jeu de Paume museum in Paris after they occupied France. Those works are all by the French painter Michel Georges-Michel, whose apartment and studio were ransacked by Nazi agents in 1941.

Mr. Masurovsky and other restitution experts said the 1950 list might help with the identification of works that the Germans recently took from Cornelius Gurlitt’s apartment.

Among the other items returned to Hildebrand Gurlitt 63 years ago were dozens of works by German Expressionists including Dix, Georg Grosz (“Two Women and a Man Walking”); Erich Heckel; Max Beckmann (“Lion Tamer” and “Woodcutters”); Christian Rohlfs (“Yellow Flowers” and “White Flowers”); and Franz Lenk. Italian, French and Dutch masters were on the Allied list, as well, including Guardi’s “Entrance to a Monastery,” Fragonard’s “Anna and the Holy Family,” Caspar Netscher’s “Boys Blowing Bubbles,” and landscapes attributed to Ruysdael and Rombouts. The collection included Gustave Courbet’s “The Father” and “Landscape With Rocks”; and Max Liebermann’s “Wagon in the Dunes” and “Two Riders on a Beach.”

Mr. Masurovsky pointed to the return as an instance when the Monuments Men let looted art slip through their hands.

Historians have pointed out, however, that finding the legal owner in the confusion of postwar Europe, without the aid of computerized databases and, often, documentation, was extremely difficult. France, for example, still has nearly 2,000 works in its museums that it knows were looted, but cannot properly identify owners.

Hildebrand Gurlitt was an art historian who had twice been stripped of posts because he had a Jewish grandparent; nonetheless, he had the expertise and international connections the Germans needed to move plundered works to market. He also crisscrossed Nazi-occupied territory during the war looking for treasures to fill Hitler’s grand plans for a museum in Linz, Austria. German and American investigators had questioned Gurlitt about his dealings after the war, archival documents show, but he insisted that all of the art that remained was his own. Other works that he had gathered for the Nazis, he said, as well as his records were destroyed in the firebombing of Dresden in 1945.

As for the Modern works, which the Nazis labeled degenerate, many had been discarded or sold off from museums by the Third Reich and could have been legally acquired by Gurlitt and other collectors — even for a pittance.

So far only one among the more than 1,400 works that were taken from Cornelius Gurlitt’s squalid Munich apartment has been positively identified. Marianne Rosenberg, the granddaughter of the renowned French dealer Paul Rosenberg, confirmed that a photograph of a Matisse portrait of a woman wearing pearls that was released by German officials this week matches one owned by her family. (German authorities had previously said that at least one painting used to belong to Rosenberg, who imprinted his gallery’s stamp on the back of all his works.) 

“The Rosenberg family is, of course, delighted to see a color reproduction of the beautiful Matisse which until now had only existed for them as a black and white photograph in their archives of looted art,” Ms. Rosenberg said in an email, adding that the family “is proceeding diligently and carefully with a claim for restitution. The Rosenberg family still insists, however, that the German authorities must promptly do the right thing and provide photographs and lists of all the other items.”

George Lindemann Journal - German Officials Provide Details on Looted Art @nytimes -By @MELISSAEDDY

George Lindemann Journal

Christof Stache/Agence France-Presse — Getty Images

Paintings Discovered in Germany: Hundreds of forgotten art works were found hidden in a Munich apartment.

By MELISSA EDDY, ALISON SMALE, PATRICIA COHEN and RANDY KENNEDY 

It is almost certainly the biggest trove of missing 20th-century European art discovered since the end of World War II, and the first glimpse of it on Tuesday brought astonishment but also anger and the early stirrings of what will likely be a prolonged battle over who owns the works.

For the first time, German authorities described how they discovered 1,400 or so works during a routine tax investigation, including ones by Matisse, Chagall, Renoir, Toulouse-Lautrec, Picasso and a host of other masters. Some were previously not known to have existed. Others appear to have disappeared around the time the Nazis raided German museums and public collections in the late 1930s to confiscate works they classified as “degenerate.”

Meike Hoffmann, an art historian called in to evaluate the discoveries in the spring of 2012, said she could not believe her eyes, realizing that “we are missing a part of our culture” that the Nazis had tried to destroy and that had now miraculously reappeared.

“These are truly museum-quality works, and you simply do not find these on the market anymore,” she said.

But she and German officials offered only a peek — pictures of a mere handful of the works and a short list of artists — at a packed news conference on Tuesday in Augsburg, an old Bavarian town, leaving many unanswered questions and provoking mounting criticism of officials’ slow and perhaps overly discreet handling of the trove.

Fully aware that the discovery is bound to set off a storm of claims — already being mobilized — officials in Augsburg would not release a complete inventory of what they know so far about their discovery, citing privacy rights and concerns that tracing the provenance of the works will be a costly labor that could take years. Officials would not say where the works are stored. They would not even confirm the name of the man who is believed to have kept the art hidden for decades in his Munich apartment. Nor, they said, do they know where that man is now.

The discovery of the works was first reported by Focus magazine on Sunday. They were thought to have been found in the apartment of Cornelius Gurlitt, 79 or 80, the son of Hildebrand Gurlitt, who was stripped of two museum posts by the Nazis after it was determined that he had a Jewish grandparent. Nonetheless, the elder Mr. Gurlitt later became one of the few art dealers selected by Joseph Goebbels to sell to buyers abroad the Modernist works banned by the Nazis.

Some of the works seized in the apartment appear to resemble the titles of works that were in the custody of American and German investigators sent to safeguard cultural treasures in the late 1940s, said Marc Masurovsky, founder of the Holocaust Art Research Project. In 1950 that unit ultimately returned 115 works to the elder Mr. Gurlitt because he convinced the unit that the works were not illegally acquired, said Mr. Masurovsky, whose organization recently joined with the Paris-based dealer and restitutions expert Elizabeth Royer. For example, American cultural advisers returned “Self-Portrait,” by Otto Dix, and “Lion Tamer,” by Max Beckmann, both names of works that have been identified as being in Mr. Gurlitt’s possession.

The heirs of Jewish and other German collectors whose missing artworks may be among those discovered minced few words, accusing the Germans of failing to live up to the spirit of the 1998 Washington accords on restituting confiscated art or works that sellers were forced to give up for rock-bottom prices in order to flee Nazi Germany.

One of the only former owners to be publicly identified is Paul Rosenberg, a French dealer whose family has spent decades searching for hundreds of confiscated works. His granddaughter Marianne Rosenberg said she was angry that her family members had not been contacted and that they were still unable to get more information about a Matisse that reports have identified as belonging to her grandfather.

“We were aware of the name Gurlitt,” she said. “We are trying to track down things ourselves and fail to understand why the German authorities have said nothing to date.”

Renée Price, director of the Neue Galerie in New York, which specializes in German Modernism, said that the discovery was a bombshell. “I think many people thought that works like these were never going to be found,” she said.

Jonathan Petropoulos, a professor of history at Claremont McKenna College in California and the author of “The Faustian Bargain: The Art World in Nazi Germany,” called the trove “the most important discovery of Nazi-looted art since the Allies discovered the hoards in the salt mines and the castles.” The only comparable revelation in terms of numbers of works that disappeared from Nazi-era Germany was the public display at the Hermitage in 1995 of Impressionist and Post Impressionist works, mostly from private collections, looted by the Red Army at the end of World War II.

Mr. Petropoulos added that one reason the younger Mr. Gurlitt might not have been on the radar of those looking for missing art was that his father died relatively soon after World War II, in a car crash in 1956, and had said that his papers about art transactions had been destroyed.

The son, Cornelius Gurlitt, is assumed to be the man German officials have said was searched by customs officials on Sept. 22, 2010, on a train from Zurich to Munich, and whose conduct, or possessions, prompted suspicion that led the police and customs officials to raid his Munich apartment 17 months later, on Feb. 28, 2012.

There they uncovered 1,258 artworks that were unframed and 121 more framed works, said Reinhard Nemetz, head of the state prosecutors’ office in Augsburg, in whose jurisdiction the initial encounter on the train occurred. It is unclear how many of the works are paintings and how many are drawings, prints and other works on paper.

Evidently stunned by their find, the authorities took three days to pack up the works and take them to a special storage facility. In March 2012, Ms. Hoffmann was summoned to start evaluating the collection, which she said included drawings, lithographs, prints and watercolors.

Many of the works cited by Ms. Hoffman on Tuesday were by German artists of the Expressionist period that is her specialty, including Max Beckmann, Otto Dix, Ernst Ludwig Kirchner and Emil Nolde. A previously unknown Chagall painting and a previously unknown Dix self-portrait, thought to have been painted in 1919, just after his service in battle in World War I, were among the few images of works shown.

The descendants of Alfred Flechtheim, a Jewish gallery owner and dealer forced to flee Germany before dying penniless in London in 1937, called for the results of research done so far to be made public, in keeping with the Washington accords, which stress that speedy release of information can be crucial for aging heirs.

David Rowland, a lawyer representing several families and heirs trying to find and reclaim art, said: “They should publish a photo of each artwork, front and back, and any and all provenance information that they have.”

Ms. Hoffmann said the decision not to disclose a list of the findings was due partly to the difficulty of researching each work, made harder because there are no records to build on. “This was not about keeping something secret,” she said. “We had, of course, to reach a certain level of knowledge about this collection to understand what we had.”

Charles Goldstein, counsel for Commission for Art Recovery, which is based in New York and was founded by Ronald S. Lauder, said his group had heard a few months ago “that a cache had been found,” and that it had belonged to “one of Hitler’s dealers.”

He expressed some understanding for the Germans’ difficulty in proceeding. “They’ve got a hot potato,” he said. “This stuff belongs to Gurlitt, and they have no proof that it’s not his. In order to determine that it’s not his, they have to make a determination that it was stolen or taken from the museums.”

He added that it was not clear that some or even most of the art can be restituted because of the statute of limitations and problems proving ownership.

Focus cited as just one example the case of Henri Hinrichsen, a Leipzig collector who was said to have died in Auschwitz in 1942. His two granddaughters are still looking for the works taken from him, Markus Krischer, one of the two Focus journalists who broke the story, said in a telephone interview.

A copy of a letter, obtained by The Times from the state archives in Berlin, sheds light on the matter. It is a copy of correspondence dated Dec. 5, 1966, sent to Helene Gurlitt, the widow of Hildebrand and mother of Cornelius.

She was asked if she knew anything about the whereabouts of four pictures said to have belonged to Mr. Hinrichsen, by the French artist Camille Pissarro and three German artists. She replied that her husband’s entire collection had been destroyed in the bombing of Dresden in 1945.

“Dear Sirs!

“Regarding your inquiry from December 5, 1966, which according to the enclosed envelope was received on January 1, 1967, I can only tell you that all business records and inventories of our company were incinerated on February 13, 1945 — during the major attack on Dresden, where we had moved to from Hamburg.

“My husband died on November 9, 1956 in Düsseldorf. The art gallery Dr. H. Gurlitt hasn’t opened since 1945.

“Sincerely,

“Helene Gurlitt”

George Lindemann Journal - Report of #Nazi-Looted Trove Puts Art World in an Uproar @nytimes - By @ALISONSMALE

The George Lindemann Journal

   

Lennart Preiss/Getty Images

The Munich apartment building where the authorities were said to have found about 1,400 works of art that were confiscated under the Nazis or sold cheaply by owners trying to flee Hitler.

BERLIN — There was no hint that the older man who called a couple of years back about selling a picture could be sitting on an unimaginable trove of art confiscated or banned by the Nazis. When the proffered work, “Lion Tamer” by the German artist Max Beckmann, was collected, the seller seemed to be a proper gentleman in Munich dispensing with a lone, dusty art gem at the end of his life.

It was a “fantastic picture,” recalled Karl-Sax Feddersen of the Cologne auction house Lempertz, who noted how pleased the auction house team was with the auction price: 864,000 euros, or $1.17 million.

When he learned on Monday that the Beckmann seller, Cornelius Gurlitt, now 80, had reportedly sat on hundreds of works, including art by Picasso and Matisse, that were confiscated under the Nazis or sold cheaply by owners desperate to flee Hitler, Mr. Feddersen was amazed. “Imagine!” he said, envisaging seeing and selling such a collection.

But even before the Beckmann was sold, the Bavarian authorities swooped in on Mr. Gurlitt’s home to seize the rest of his treasure, according to the newsmagazine Focus: about 1,500 works estimated to be worth $1.4 billion. Focus said the works were seized after the police and customs officials entered Mr. Gurlitt’s home in Munich in spring 2011.

If confirmed, the discovery would be one of the biggest finds of vanished art in years. But word of it left almost equally big questions unanswered: Why did the German authorities let more than two years pass before such a sizable find was disclosed? What will become of the recovered works of art? Did Mr. Gurlitt continue to make sales even after the raid? And where is he today?

There are no reports that Mr. Gurlitt has been detained or charged, and questions about the history of the artworks, including whether they were confiscated or subject to a forced or voluntary sale, would determine whether a current sale or auction would be judged legitimate.

Since news of the find was first reported Sunday, the German authorities have come under fierce criticism in the art world as to why they did not make the discovery public.

Even on Monday, Bavarian and federal German officials who knew of the spectacular 2011 raid remained quiet. The German government’s only comment, from a spokesman, Steffen Seibert, was that it was aware of the case. However, the German authorities scheduled a news conference for Tuesday.

“They should have come out with this list pronto,” said Jonathan Petropoulos, the author of “The Faustian Bargain: The Art World in Nazi Germany.”

“That’s the way that restitution works,” Mr. Petropoulos added, calling it “unconscionable” that the authorities “sat on the trove for two and a half years,” particularly because it appeared to be an exceptionally large find.

The trail to the artworks, the magazine said, stemmed from an incident in September 2010, when Bavarian customs officials on a train to Germany from Switzerland became suspicious after finding Mr. Gurlitt carrying €9,000, or about $12,150, in crisp €500 notes.

The inquiries spurred by the money eventually led investigators to the apartment in Munich, the magazine said, reporting that Mr. Gurlitt had apparently lived there for decades, selling off pictures as needed over the years, to judge by empty frames found in his home. Emma Bahlmann, an employee of the Cologne auction house that sold the Beckmann work, said she went to an apartment with Mr. Gurlitt but saw no evidence of other artworks as she took the Beckmann off the wall.

The hundreds of works found in the Munich apartment reported to have been raided by authorities — including paintings but also many graphics and even an engraving by Albrecht Dürer, the German Renaissance artist — were taken to a customs facility near Munich for storage, Focus said. Meike Hoffmann, an art historian at an institute specializing in Nazi-confiscated art at the Free University in Berlin, was engaged to go through the discovered works.

Ms. Hoffmann declined to talk to reporters on Sunday or Monday about what she described in an email as “this case.”

But a video of a conference in September, posted on the institute’s website, showed her saying that her institute would soon be doing more work associated with Hildebrand Gurlitt, Cornelius Gurlitt’s father. The elder Mr. Gurlitt had trouble with the Nazis because he was deemed a quarter Jewish under the Nuremberg race laws, and he was dismissed from two museum posts. Yet he was also one of the few Germans granted permission by Joseph Goebbels, Hitler’s propaganda chief, to sell confiscated art. Sales to foreign buyers were meant to fill Nazi coffers, but art historians have documented many sales in Germany, as well as proceeds pocketed by the dealers involved.

“The research institute has had comprehensive material from private ownership put at its disposal,” Ms. Hoffmann said at the meeting. The materials “were completely unknown till now and will bring much to light.”

Hildebrand Gurlitt was detained and questioned by Americans investigating art looting just after the war ended in May 1945, Mr. Petropoulos said. The elder Mr. Gurlitt, who had an apartment in Dresden during the war, is said to have told the authorities that his collection burned in the bombing of that city in February 1945.

The German authorities have established several offices aimed at assisting in finding out the complex provenance of artworks that were seized by the Nazis or by invading Soviet troops at the end of World War II, and that were then sold off cheaply but according to legal formalities, or that simply disappeared in the chaos.

Any claims that do arise from the Gurlitt case are likely to take years to sort out. German museums whose collections were ravaged by the Nazis are as likely to submit claims as the heirs of Jewish collectors and dealers whose work was confiscated by the Nazis. The sale of the Beckmann painting by the Cologne auction house represented what Mr. Feddersen characterized as a relatively rare occasion in which Jewish heirs — in this case the heirs to Alfred Flechtheim, a gallery owner and dealer forced to flee Nazi Germany who died poor in London in 1937 — were able to share proceeds with the owner, Mr. Gurlitt.

The Galerie Kornfeld, a gallery in Bern, Switzerland, reported by Focus to have been the source of the cash found on Mr. Gurlitt on the train in 2010, denied having any dealings with him since 1990. Back then, the Galerie Kornfeld said in a statement, Mr. Gurlitt got 38,250 Swiss francs from selling works on paper by artists whose work was confiscated by the Nazis in 1937 as “degenerate.”

Hildebrand Gurlitt had acquired the works his son sold in 1990 “for cheap money in the years after 1938,” the Kornfeld gallery’s statement said. Cornelius Gurlitt never declared that he inherited the works upon the death of his mother, Helene, in 1967, the gallery said. (Hildebrand Gurlitt died in a traffic accident in 1956.)

The Bern gallery said Eberhard Kornfeld, who runs the gallery, was not available to speak to a reporter by phone. His gallery’s statement did not provide details of past dealings with Mr. Gurlitt, but emphasized how carefully one must distinguish between confiscated art and art that was acquired legally, even if the acquisition now seems to have been strange or made under duress. These works “are freely available for purchase to this day,” the statement said.

Mr. Kornfeld was recently portrayed as dealing in art looted from Jews in a proceeding that made its way to the United States Supreme Court, which declined to hear the case. He has denied the allegations.

His gallery’s statement said: “Cornelius Gurlitt’s statement to customs authorities in 2010 that the money came from business dealings with the Galerie Kornfeld in Bern is not accurate. The last sales date back to 1990.”

The gallery indicated, however, that its business with Mr. Gurlitt was mutually satisfying. For 16 years after those last dealings, Cornelius Gurlitt regularly received mailed catalogs from Kornfeld, sent to his Munich address. Only after 2006 were they returned, the gallery said, with a stamp indicating “Reception refused” or “Undeliverable.”

By ALISON SMALE

"So You Want to Be A World-Class Art Collector" @wsj - The George Lindemann Journal

The George Lindemann Journal

 

So you want to be the next Peggy Guggenheim. Besides wealth, what does it take to qualify as a heavyweight art collector today? Kelly Crow has answers on Lunch Break. Photo: André Klotz for The Wall Street Journal.

Last year, Brazilian collector Pedro Barbosa spotted a tumbling spiral made with hundreds of rubber tires at the Swiss fair Art Basel. The next day, Mr. Barbosa told a collector friend, Luiz Augusto Teixeira de Freitas, that he intended to buy the tires, actually a $150,000 installation by British artist Mike Nelson.

Surprised, Mr. Augusto reminded Mr. Barbosa that the artwork wouldn't fit inside Mr. Barbosa's São Paulo home. "Doesn't matter," Mr. Barbosa said. "I bet I can lend it to some museum in America." (For now, he is storing the work with a dealer in Italy).

It takes great wealth—and a little hubris—to ascend the ranks of the world's top art collectors. Mr. Barbosa, a 48-year-old former bond trader, is determined to qualify. Like many collectors of his generation, he began buying art on a whim just over a decade ago, but his pursuit has steadily grown serious. By collecting younger, hard-to-get Brazilian artists like Paulo Nazareth along with global superstars like Olafur Eliasson, he has earned a reputation as a highflying tastemaker on the international art scene. Mr. Barbosa employs a personal curator, Jacopo Crivelli Visconti, to manage his collection and allows guest curators to organize shows inside his spacious home in São Paulo's prestigious Jardins neighborhood. He also keeps an apartment around the corner where favored artists like Amalia Pica can stay to make and show their work. Friends say he is ever on the move, traveling to far-flung biennials and fairs from London to Istanbul to the United Arab Emirates. Altogether, his 500-piece collection amounts to roughly half his net worth, he said.

Mr. Barbosa is part of an emerging class of collectors springing up from all corners of the globe who are transforming the art marketplace with their willingness to splurge on art that suits their own tastes—not only the canons of New York or London. From Beijing to Bogotá, new art hubs are thriving in large part because these up-and-comers continue to amass art—in good economic times and bad. Many are investing heavily in contemporary art, the most speculative end of the spectrum, and changing the way the market functions.

Pedro Barbosa's Art Collection

Pedro Barbosa has earned a reputation as a high-flying tastemaker on the international art scene by collecting younger, hard-to-get Brazilian artists like Jonathas de Andrade, shown here. This piece is titled 'Education for Adults' (2010). Jonathas de Andrade/Galeria Vermelho

A few generations ago, collectors like Henry Tate or Peggy Guggenheim needed aristocratic ties—or robber-baron-level fortunes—to ascend the ranks of the art world elite. Today, there are no rules for assembling a group of contemporary artworks that will one day prove iconic. Newcomer collectors say they pick up clues where they can. Some, like French investment banker Edouard Carmignac, have created art prizes to ferret out fresh discoveries—which they later showcase in their own art spaces. Others such as Roman entrepreneur Pierpaulo Barzan run foundations that mount traveling museum-style shows featuring artists they also happen to buy. Plenty more, like Costa Rican real-estate developer Judko Rosenstock, give pieces by hotshot artists to major museums like the Tate—moves that could bolster the cachet of his own pieces by those artists.

Mr. Barbosa's evolution is emblematic. Early on, he said he only collected artists from Brazil, but last year he decided to "go global," and he's been "going nuts" ever since—traveling to international fairs to collect artists like Germany's Wolfgang Tillmans and Lebanon's Rayyane Tabet. These additions serve to diversify his holdings, he said, but they also put his Brazilian pieces into a broader art context. To the same end, he also recently donated pieces by two young Brazilian artists, Jonathas de Andrade and Andre Komatsu, to London's Tate Modern.

It helps that his growing ambitions also coincide with his country's emergence as a global art hub. Until a few years ago, Brazil's art market was steady but relatively insular, anchored by South American collectors who were willing to pay as much as $50,000 for Lygia Clark's foldable aluminum sculptures or $15,000 for Beatriz Milhazes's flowery abstracts. But as Brazil's economy has expanded, local collectors have found themselves increasingly competing for their hometown favorites with buyers from around the globe—and prices have spiked as a result.

Even now as Brazil confronts higher inflation and signs of tapering growth, collectors keep bidding record sums for Brazilian modern and contemporary art. In May, Phillips in New York sold Ms. Clark's 1959 black-and white abstract, "Against Relief (Object No. 7)," for $2.2 million, the most ever paid for a work of Brazilian art.

Pedro Barbosa's collection includes 'Fine Tapestry' by Adriano Costa Adriano Costa/Mendes Wood DM, Sao Paulo

The auction record still represents a fraction of what China's counterpart collectors have paid lately for their own masterpieces, so market-watchers say Brazilian art still has plenty of room to grow, price-wise.

All this attention is pointing a bigger spotlight on the handful of Brazilian contemporary collectors who have positioned themselves as regional kingmakers, such as Mr. Barbosa. "The galleries look at everything Pedro is buying," said Mr. Freitas, the collector who saw the tires with him in Basel.

One of Mr. Barbosa's latest moves is telling. In September, he invited a curator from London's nonprofit Chisenhale Gallery, Polly Staple, to visit Brazil. He helped pay for her stay, and one morning he picked her up from her hotel for a tour of a few nonprofit art spaces and galleries. He had borrowed his wife Patricia Moraes ' black SUV for the occasion: "Welcome to an armored, bulletproof car," he said, chuckling, as Ms. Staple climbed in.

First up was Pivô, a nonprofit art incubator that opened last year in a former dentist's office inside architect Oscar Niemayer's undulating Copan building in downtown São Paulo. Next, they stopped by Galeria Vermelho—vermelho means "red" in Portuguese—to see a group show with artists like Cildo Meireles exploring issues of crime. The gallery had been robbed the week before, but the thief only took a CD player, so Vermelho didn't press charges. "The guy didn't think to steal the art," said dealer Akio Aoki.

An untitled work by Francesca Woodman Francesca Woodman/Mendes Wood DM, São Paulo

Mr. Barbosa also took Ms. Staple to meet Jaqueline Martins, a new dealer who specializes in selling São Paulo artists from the 1970s who have since been "overlooked" by the market, Mr. Barbosa said. Ms. Martins' roster includes Genilson Soares, a conceptual artist in his 70s who was once hailed for making large geometric installations often employing colored lighting and optical illusions. A few weeks after Mr. Barbosa's guided tour with Ms. Staple, Ms. Martins displayed one of Mr. Soares's oversize triangle works from 1973 at London's Frieze Art Fair—even though it wasn't technically for sale. "I bought that a month ago," Mr. Barbosa said. (He paid around $20,000.)

In São Paulo, Mr. Barbosa is well known for scouting Brazilian art schools and often buys pieces from promising students—a collecting tactic that's commonplace in New York but still relatively rare in São Paulo, dealers say. Local gallery Mendes Wood DM recently signed up one of his latest discoveries, sculptor Michael Dean. When Mr. Barbosa created an artist residency, one of the first artists he invited was Ms. Pica, another early find who just had her first U.S. solo museum show at the Museum of Contemporary Art in Chicago. Next up: New Yorkers Ken Okiishi and Nick Mauss.

Mr. Barbosa doesn't move through art circles with the panache of some of his countrymen, though. He is a millionaire, but he can't spend apace with Brazil's best-known collector, Bernardo Paz, a billionaire mining magnate from the Belo Horizonte region who reportedly spends $60 million a year commissioning and installing artworks throughout his vast jungle compound called Inhotim. Mr. Barbosa said he usually spends between $8,000 and $250,000 apiece on his art purchases. Still, he has found other ways to stand out.

A few weeks ago, Mr. Barbosa attended the opening party for the Mercosul Biennial in the southern Brazilian city of Porto Alegre. The event was held at the hilltop mansion of the biennial's president Patricia Fossati Druck, with partygoers like steel titan Jorge Gerdau Johannpeter dressed in designer suits. By contrast, Mr. Barbosa showed up wearing bluejeans, a baby-blue gingham shirt and Pac-Man cuff links. Shunning the glowing swimming pool and bar set up nearby to serve Brazil's favorite sugary cocktail, the caipirinha, Mr. Barbosa spent the night huddled on the lawn with artists like Mario Garcia Torres and Inhotim director Eungie Joo.

Ms. Joo mentioned her favorite piece in the biennial was a rusty landscape installation by Brazilian artist Cinthia Marcelle —at which point Mr. Barbosa leaned toward her and whispered, "I might have the best collection of Cinthia's work." Ms. Joo's eyes widened, and she grinned her approval.

Half of São Paulo's 40-odd contemporary-art galleries are less than five years old. Mr. Barbosa knows the strengths and weaknesses of their rosters better than anyone, said Buenos Aires collector Mauro Herlitzka. This market intelligence gives Mr. Barbosa's collection a competitive edge. But as Mr. Barbosa's collection takes in more artworks from beyond Brazil, his ancillary costs have also mounted. Because of Brazil's punishing import-tax laws, he must pay up to 50% above a foreign artwork's sale price just to bring it into his country—a markup he may not be able to recoup unless the art's value appreciates significantly over time. Dealers say some Brazilian collectors have found ways to avoid these import taxes by buying and storing pieces abroad or smuggling them into their luggage. Mr. Barbosa said he buys from the local SP-Arte fair, where taxes are typically discounted by the government. He said he also has proof he has paid the appropriate fees for everything displayed in his house.

Mr. Barbosa and his wife Patricia, who is head of investment banking for JP Morgan in Brazil, and their two children live in a cream-colored, two-story house on a leafy block in the wealthy São Paulo district of Jardins. Throughout their home, they have arranged a mix of sleek, geometric pieces by contemporary classics like Sérgio de Camargo and Jesús Rafael Soto alongside newer sculptures made from ordinary materials like hair curlers. In their backyard, a pair of conjoined shopping carts by Marcelo Cidade stands sentry beside the pool. On a bench in their living room sits a row of handbags that were dipped in concrete like candlesticks by Mr. Tabet, the artist from Lebanon. Even the walls of the children's bedrooms have been commandeered for art: "Sometimes my son complains, but I run a dictatorship," Mr. Barbosa said, grinning.

His own introduction to art was considerably less in-your-face. His father was a high-school gym teacher who only wanted his three children to get a solid education, which they did. Mr. Barbosa's first cousin was a major art dealer, Raquel Arnaud, but he said he rarely hung out in her gallery growing up—he preferred to hang out in nearby Ibirapuera Park and sell ballpoint pens to his friends for a profit. (He stuffed the clear pen cases with shredded currency to add cachet.) After he married in 1999 and settled into a life as a banker specializing in emerging markets and depressed bonds, he started buying art.

His first piece was a $20,000 Soto that he bought from his cousin, but he later switched to buying cheaper pieces by younger living artists, and he's largely stuck to that pattern ever since. When he finds an artist with potential, he tells them he likes to buy several works at a time, but he warns them he will likely stop collecting their work after they turn 40. He said he does this because it compels him to keep seeking fresh talent rather than pay ever-higher premiums for examples by artists he already owns.

Increasingly, Mr. Barbosa is looking farther afield for his art. The shift started in 2008 when he went to Frieze in London for the first time and marveled at how few collectors had turned up in the wake of the Lehman Bros. closure weeks earlier. Walking around the fair's vacant aisles, he realized he could ask galleries for steep discounts if he was willing to broaden the scope of his collection beyond Brazil. He took home pieces by Mr. Eliasson and Tomas Saraceno.

Last year, he ratcheted things up again by hiring his curator, Mr. Visconti, who has planned Brazil's pavilion for the Venice Biennale. Besides paying Mr. Visconti an undisclosed monthly retainer, Mr. Barbosa pays him to travel and inform him about artists to consider. The pair now invites young curators to mount shows of Mr. Barbosa's collection.

In a few more years, the plan is to publish a book about these shows—yet another way Mr. Barbosa hopes to lend lasting credibility to his collection. It's a tactic museums have been using for years, after all. "I don't want to spend too much on the parts," he said. "I'm more interested in the whole."

Write to Kelly Crow at kelly.crow@wsj.com