$4M piece found
By KATE KOWSH, LIZ SADLER and DAREH GREGORIAN
Last Updated: 8:53 AM, August 1, 2012
A multimillion-dollar Roy Lichtenstein painting that disappeared 42 years ago has popped up in a Manhattan warehouse — and its owner is trying to make sure it doesn’t pull another vanishing act.
“Electric Cord” was last seen in 1970 when owner Leo Castelli sent the piece by the pop-art prince out to be professionally cleaned. It was never returned, and the fate of the painting was a mystery — until last week.
That’s when Castelli’s widow, Barbara Castelli, got a call from the Roy Lichtenstein Foundation saying the piece had turned up at a high-end art storage warehouse on the East Side, where someone was trying to sell it.
She asked for a restraining order barring the estimated $4 million painting from being moved from the Hayes Storage Warehouse until she can get her day in court, saying in court papers that she’s “deeply concerned” about the possibility of the artwork, “which is an American treasure by an artist native to Manhattan, again disappearing, perhaps to never be seen again.”
Justice O. Peter Sherwood signed off on Castelli’s temporary court order freezing the painting’s location pending a hearing with the warehouse people and “John Doe” on Monday.
Amye Austin, an operations supervisor at Hayes, declined to comment.
Leo Castelli, who put on Lichtenstein’s first solo exhibit at his gallery in 1962, bought “Electric Cord,” a painting of a tightly wrapped electric cord, in the 1960s for $750, the court papers say.
In January 1970, he sent the piece out to be cleaned by a well-regarded restorer named Daniel Goldreyer. But instead of returning the painting, Goldreyer told Castelli the work had been lost.
Lichtenstein, who’s known for his dotted comic book-like panel works, died in 1997, and Leo Castelli died in 1999. The work was officially listed as “lost/stolen” in the international Art Loss Registry in 2007.
Then last week, James Goodman Gallery owner James Goodman called the Lichtenstein foundation to say he’d been told by a “third party” that the painting was at Hayes Storage, and asked if they’d authenticate the work, the court filing says. A rep for the foundation then tipped off Barbara Castelli.
Goodman told The Post he had no idea that the painting might have been stolen, and that the current owners claimed to have an invoice showing the piece was purchased from Leo Castelli.
By Kelly Crow
July 13, 2012, 5:55 p.m. ETRetired plastics manufacturer and Chicagoan Stefan Edlis has learned to say no when expanding his collection of modern and contemporary art. Size matters, for starters: If an artwork he admires can't fit under the 9-foot ceiling of his apartment, he says no. If he likes an artwork but already owns a better example by the same artist, he walks away. He won't take a work home unless he and his wife, Gael Neeson, are ready to live with it now. Under his rules, he's collected such masters as Jasper Johns, Roy Lichtenstein and Cy Twombly. Five years ago, Mr. Edlis, now 87, famously sold one of his Andy Warhols, "Turquoise Marilyn," to hedge-fund manager Steven Cohen for $80 million. On the heels of Mr. Edlis's recent $10 million gift to Chicago's Museum of Contemporary Art, where he sits on the board, he agreed to discuss his collection. Below, an edited transcript.
"I grew up in Vienna. My parents had zero interest in visual art—they loved music—and my sister wrote about Nordic sagas, so nobody really noticed when I started collecting stamps. I was 15 when we came to the U.S. in 1941. I didn't set out to be a collector, but in my early 20s I saw this article in Fortune about Pablo Picasso, and I cut out all the images in it and put them on my wall.
When I started buying art in the 1970s, my greatest school was actually the auction houses. Abstract Expressionism was still the thing back then, but I preferred Pop. Still do. In our bedroom, all the works are by Roy Lichtenstein. He's like a breath of fresh air to me.
A version of this article appeared July 14, 2012, on page C14 in the U.S. edition of The Wall Street Journal, with the headline: Strict Rules to Buy Rule-Breaking Art.
By TED LOOS
Published: June 28, 2012
SOME time in the mid 1970s Dorothy Lichtenstein stopped by her husband’s studio on the Bowery one day after lunch, expecting to find him at work on a new painting.
But instead of creating, the Pop master Roy Lichtenstein was intent on an act of destruction.
Using a matte knife, Lichtenstein — who had long been a household name for his Benday dot paintings of the 1960s — was slashing away at several earlier works, small and colorful abstractions dating to the late ’50s.
“He had dug them out of somewhere and was just cutting them up,” Ms. Lichtenstein recalled recently. “So his assistant and I yelled, ‘Stop!’ ”
They managed to grab a few of the paintings and tucked them away. Now three of them, lent by Ms. Lichtenstein from her large trove of her husband’s works, are appearing in “Roy Lichtenstein: A Retrospective,” a major exhibition of work by the artist, who died in 1997, on view at the Art Institute of Chicago until Sept 3.
“In a way I’m hesitant to lend them since Roy was destroying them,” Ms. Lichtenstein, 72, said, seated in the living area of the large West Village complex, created from several buildings, that serves as her New York residence and also houses her husband’s last studio and the Roy Lichtenstein Foundation, which she started to preserve the legacy of her husband, whom she married in 1968.
Ms. Lichtenstein added that she assumed he simply wasn’t happy with the early pieces, but that they may round out the public’s perception of his work.
“I think it’s good to have them there,” she said. “He wasn’t someone who suddenly emerged fully formed in 1961. He had a somewhat tortured career as an artist before that. He used to describe putting his works on the roof of his old car, driving in from Ohio and going from gallery to gallery.”
Merely by saving them in the first place, Ms. Lichtenstein helped shape the Chicago show, which features more than 170 works and will eventually travel to the National Gallery of Art in Washington, the Tate Modern in London and the Pompidou Center in Paris.
But her influence is felt more pervasively too, since she lent dozens more works for the exhibition from her personal holdings, which number in the hundreds. And the foundation, of which Ms. Lichtenstein is the president, also lent pieces to the show.
Flipping through the catalog and referring to the lender identifications, she said cheerily, “Where it just says ‘private collection,’ that’s usually me.”
The organizers of the retrospective said that Ms. Lichtenstein’s participation was crucial.
“The biggest thing for us in the beginning is that she blessed this project,” said James Rondeau, chairman of the contemporary department at the Art Institute, who organized the show with Sheena Wagstaff, chairwoman of modern and contemporary work at the Metropolitan Museum of Art. “We wouldn’t have been able to move ahead without it.”
“A lot of people have come to her and wanted to do this,” he added. “Sometimes she has encouraged smaller shows, but nothing on this scale.”
Ms. Lichtenstein, who spends much of her year in Florida and the Hamptons, confirmed that there is no shortage of requests to lend crossing her desk. She often parts with one or two pieces here and there.
But she had been feeling that her husband was due for a “really major show”; his last full-on retrospective was in 1993, at the Guggenheim Museum, when Lichtenstein was still alive.
The Chicago show has many of the Pop paintings that audiences may already know, like “Drowning Girl” (1963), but Mr. Rondeau said that he was particularly pleased to feature nearly 50 works on paper, a medium that was not included in the 1993 show.
Ms. Lichtenstein encouraged Mr. Rondeau to pore through 70 boxes of works on paper that are kept in storage. “She had never given access to those before,” he said.
The focus on drawings pleased Ms. Lichtenstein, she said, because they “show Roy’s hand more” and make clear that he wasn’t just an artist who appropriated from comic books, but a master of composition in his own right.
But she stressed that she never tries to guide the hand of curators in terms of content. “I always love to see somebody else’s ideas and interpretations,” she said. “I’ll see things in a new light.”
On special occasions, however, she will get involved behind the scenes, if she knows works that the curators want to include are in other hands. For “Picasso and American Art,” a 2006 show at the Whitney Museum of American Art, she wrote two letters to collectors who own major Lichtensteins, encouraging them to lend. “I knew how important Picasso was to Roy,” she said. One letter did the trick; the other was a no-go.
For the Chicago show Ms. Lichtenstein went a step further. She knew that Agnes Gund, the renowned collector and president emerita of the Museum of Modern Art, was being asked to lend one of the most famous works of the Pop era, “Masterpiece” (1962), in which a blonde tells a square-jawed artist, “Why, Brad darling, this painting is a masterpiece!”
Ms. Lichtenstein said that she surprised Ms. Gund, a friend, by offering another Lichtenstein work of the same size and shape so that she wouldn’t have a blank space on her wall for the run of the exhibition. “Masterpiece” did end up in the Chicago show.
Mr. Rondeau said that such diplomacy and effectiveness were typical of Ms. Lichtenstein’s efforts.
“She’s dedicated a huge amount of her life to protecting Roy’s legacy,” he said. “Not all artists’ spouses choose to manage and maintain that mantle. She feels it acutely and acts on it. She sees this as her job.”
Walter Maibaum/The Degas Sculpture Project
Some of the 74 plasters attributed to Edgar Degas: fearing lawsuits, scholars are afraid to declare them genuine or not.John Elderfield, former chief curator of painting and sculpture at the Museum of Modern Art, remembers the days when scholars spoke freely about whether a particular work was genuine.
They were connoisseurs, this was their field of expertise, and a curator like Kirk Varnedoe, Mr. Elderfield’s predecessor at the Modern, would think nothing of offering his view of a drawing attributed to Rodin, his specialty.
“He was qualified to do it and felt he had a moral obligation to do it,” Mr. Elderfield said.
But when the owner of a painting attributed to Henri Matisse recently asked Mr. Elderfield for his opinion, he demurred. He worried he could be sued if he said the painting was not a real Matisse.
Librado Romero/The New York Times
John Elderfield, a former curator at the Modern.Mr. Elderfield is hardly alone in feeling that art’s celebrated freedom of expression no longer extends to expert opinions on authenticity. As spectacular sums flow through the art market and an expert verdict can make or destroy a fortune, several high-profile legal cases have pushed scholars to censor themselves for fear of becoming entangled in lawsuits.
The Andy Warhol Foundation for the Visual Arts, the Roy Lichtenstein Foundation and the Noguchi Museum have all stopped authenticating works to avoid litigation. In January the Courtauld Institute of Art in London cited “the possibility of legal action” when it canceled a forum discussing a controversial set of some 600 drawings attributed to Francis Bacon. And the leading experts on Degas have avoided publicly saying whether 74 plasters attributed to him are a stupendous new find or an elaborate hoax.
The anxiety has even touched the supreme arbiter of the genuine and fake: the catalogue raisonné, the definitive, scholarly compendium of an artist’s work. Inclusion has been called the difference between “great wealth and the gutter,” and auction houses sometimes refuse to handle unlisted works. As a result catalogue raisonné authors have been the targets of lawsuits, not to mention bribes and even death threats.
“Legal cage rattling was always part of the process,” said Nancy Mowll Mathews, president of the Catalogue Raisonné Scholars Association. But the staggering rise in art prices has transformed the cost-benefit analysis of suing at the same time that fraud has become more profitable, she said.
While some argue the fear is overblown, others warn the growing reluctance to speak publicly about authenticity could keep forgeries and misattributed works in circulation while permitting newly discovered works to go unrecognized.
The perceived crisis has prompted a pointed ethical debate: Do you speak out if you spot a suspicious work or keep quiet as lawyers recommend?
Art experts have been getting sued over their opinions since at least the days of Joseph Duveen, the flamboyant dealer who found himself in court in the 1920s after declaring “La Belle Ferronnière,” a supposed Leonardo painting for sale, to be a fake. Duveen’s judgment caused the Kansas City Art Institute to withdraw its offer of $250,000, and in the end Duveen settled by agreeing to pay the owner $60,000. (The painting is now considered to be by a follower of Leonardo.)
As prices have risen, so have risks. In 2005, after watching other organizations fend off lawsuits, the Lichtenstein foundation bought $5 million worth of liability insurance and made its authentication process more rigorous and transparent, its executive director, Jack Cowart, said. Then in 2011 the Warhol foundation revealed it had spent $7 million defending itself against a lawsuit involving a silk-screen it had rejected for the catalogue raisonné. Mr. Cowart called his insurance company to find out if the Lichtenstein foundation would be protected if faced with a similar suit. The agent said it was impossible to predict. “That was a very sobering moment,” Mr. Cowart said.
The board had always felt an obligation to guard Lichtenstein’s legacy in this way, he explained. But now, figuring it was only a matter of time before the law of averages would throw a lawsuit their way, board members decided the benefits of authenticating did not outweigh the risks.
“Why should we go stand in front of a speeding car?” Mr. Cowart said. “We decided it’s not the role of the Roy Lichtenstein Foundation to deal with the art market’s authenticity issues.”
That view disturbs Jack Flam, president of the Dedalus Foundation, which is publishing Robert Motherwell’s catalogue raisonné and was sued last year for changing its opinion about a painting’s authenticity. “If experts stop speaking up, you’re going to get more fakes surfacing,” he said.
Mr. Cowart counters that the authentication committee’s pronouncements were not driving fakes out of the market. The majority of works inspected during the panel’s six years, he said, were third-rate fakes that would reappear as soon as the owners sold them to other unsuspecting dupes.
So what would the Lichtenstein foundation do if it became aware that a major forgery was being auctioned for millions of dollars?
“We don’t know what we would say if we were asked formally or informally,” Mr. Cowart said. “We don’t deal in hypotheticals.”
Sharon Flescher, president of the International Foundation for Art Research, said she doubts the number of lawsuits challenging expert opinions has gone up. Nonetheless she conceded that the perception is having “a chilling effect.” Even though few plaintiffs win, experts are deterred by the time and legal expense. That’s why the College Art Association recently began offering affordable liability insurance to its members who authenticate art, she noted.
Peter R. Stern, an art lawyer in New York, tells clients never to volunteer an opinion unless formally asked by the owners, and even then to make sure the owners sign a waiver promising not to sue. If they don’t ask, don’t tell. “Art scholarship is fighting a losing battle against commerce,” he said.
Fears of being sued may even lead to changes in the nature of catalogues raisonnés, Ms. Flescher added. She pointed to recent decisions by the Calder and Lichtenstein foundations and the Noguchi Museum to move their cataloging efforts online and label them as “works in progress.”
“What we are presenting is a combination of completed research and research pending,” said Shaina D. Larrivee, project manager of the Isamu Noguchi catalogue raisonné. “We are very clear that ‘research pending’ does not guarantee inclusion in the final catalogue raisonné, and that we have the ability to remove artworks if new information comes to light.”
Alexander Rower, Alexander Calder’s grandson and the chairman of the Calder Foundation, said he decided to forgo a catalogue raisonné in favor of an online guide to Calder’s development and history. “You determine if your work is fake or not with the data we present,” he said.
The Web site, scheduled to begin operation this summer, will feature 4,000 to 6,000 works, roughly one-quarter of Calder’s total output. Although the foundation does not authenticate, Mr. Rower said, it will register and examine a supposed Calder at an owner’s request and release any information it has about the piece. The foundation does, however, keep a watchful eye on the market. Mr. Rower traveled to the Basel art fair in Switzerland last week to photograph every Calder for further research, he said.
And if he were to find a forgery? “You can’t just go out there in the world and say, ‘That’s fake,’ “ Mr. Rower said. “But it is a fair thing for me to say to an art dealer, ‘Have your presented this work to the Calder Foundation?’ And if he says no, I say, ‘You really should.’ “
As for scholars who are dragged into court, they do occasionally come out ahead. The art expert Steve Seltzer was sued after declaring that a watercolor of cowboys was not painted by the revered Western artist Charles M. Russell but by his own grandfather the artist O. C. Seltzer. After the suit was thrown out, Mr. Seltzer turned around and countersued the painting’s owner, Steve Morton, and his lawyers. In 2007 the Montana Supreme Court awarded Mr. Seltzer $11 million in damages. As the judges put it, using a lawsuit to coerce an expert to give a particular opinion is “legal thuggery.”
By CAROL VOGELPublished: April 26, 2012
ODDS are 3-to-1 that when Edvard Munch’s “Scream” comes up for sale at Sotheby’s on Wednesday night, it will fetch $150 million to $200 million. And there’s a 3-to-2 chance that pastel will become the most expensive artwork ever sold at auction, breaking the current record of $106.5 million set two years ago at Christie’s for Picasso’s “Nude, Green Leaves and Bust.” As for who will buy “The Scream,” bets are 5-to-2 that it will be a Russian, 3-to-1 an Asian or European and 4-to-1 an American. That’s the thinking, anyway, from Ladbrokes, the British bookmaking chain, which has been analyzing the fate of what Sotheby’s is billing as the most recognizable image in art history after the “Mona Lisa.”
via nytimes.comArt isn’t generally Ladbrokes’s métier, but laying odds on just how much this work will get has even captured the attention of gamblers used to putting their money on horse races or boxing. Jessica Bridge, a spokeswoman for the company, said that the bookmakers “apply the same math and algorithms we do for football or hockey.”
While it is certain to be the big draw, “The Scream” is not the only highly recognizable work up for sale at Sotheby’s, Christie’s and Phillips de Pury over the next two weeks. Other highlights include a classic red abstract Rothko canvas; a Warhol image of Elvis Presley; a Picasso portrait of Dora Maar, the artist who was his lover and muse; and a watercolor of one of Cézanne’s famed Card Players.
What’s bringing these paintings, drawings and sculptures to auction now? One reason is sheer serendipity, as several estates from seasoned collectors have come up for grabs this spring. The second is more opportunistic. Owners are hoping to cash in on the penchant of new, extraordinarily wealthy collectors from Russia, Asia and the Middle East for paying record prices for whatever strikes their fancy. “There are two markets, the regular market for the average collector and the super-market for global icons” that is fueled by the new rich, said Tobias Meyer, who runs Sotheby’s contemporary art department worldwide. “This last group is smart and gravitates toward the very top.”
Brett Gorvy, Mr. Meyer’s counterpart at Christie’s, says these buyers’ “tastes are conservative but they want quality, technical virtuosity, beauty and color.”
Estimates are high for some of the best works this season, although Sotheby’s figure of $80 million for “The Scream” is conservative by Ladbrokes’s standards. After that are several paintings estimated to fall in the $30 million to $50 million range: a Roy Lichtenstein comic book image and a 1976 painting by Francis Bacon, as well as the red Rothko and the Warhol “Elvis.”
Back on the block are also several works, including “Circles and Angles,” a stainless-steel sculpture by David Smith that failed to sell at Christie’s when the market collapsed during the financial crisis of 2008. Now they have considerably lower estimates. If there are any striking differences between the offerings this month, it is the selection of postwar and contemporary art at Sotheby’s and Christie’s. Christie’s won a group of works collected by David Pincus, a clothing manufacturer from Philadelphia who died in December, and his wife, Geraldine. Their collection includes a large number of Abstract Expressionist paintings. Sotheby’s sale, on the other hand, features more classic Pop art.
Some art historians, who declined to be named for fear of offending Sotheby’s, laughed at the astronomical price predictions for “The Scream,” even the seemingly lowball house estimate, calling the work too ugly to live with, depressing or mere kitsch. Whoever buys it will have a hefty insurance bill, not to mention round-the-clock security, to worry about. But were any new museum to add “The Scream” to its collection, that institution would become an immediate destination.
The image of “The Scream” is so embedded in popular culture that it adorns products like mugs, mouse pads and inflatable dolls, even navel rings. Munch produced four versions of the composition. Three are in Norwegian museums and this one — a pastel on board from 1895 — is the only “Scream” left in private hands. It is being sold by Petter Olsen, a Norwegian businessman whose father, Thomas, was a friend and patron of the artist.
The painting’s fame is almost as much a liability for Sotheby’s as it is an asset. Versions of it have been stolen twice, first in 1994, when two thieves entered the National Gallery of Norway in Oslo and fled with an 1893 “Scream,” and then in 2004, when gunmen stole the 1910 version from the Munch Museum, also in Oslo. (In both cases the paintings were recovered.) This month Londoners had to go through metal detectors before entering the Sotheby’s gallery where it was on view. The crowds were so great that auction house officials have decided not to open the presale viewing in New York to the public, as they usually do. Instead, only Sotheby’s clients will have a chance to see the painting.
Among those who saw “The Scream” in London the betting game has already begun. As for the rest of the art for sale, just where today’s big money goes will be as much of a gamble as the fate of “The Scream.” It is the unknown, after all, that has always been the allure of auctions.
“The mystery is in the moment,” Mr. Meyer said. “Either people are in the mood to bid, or they’re not.”
The Andy Warhol Foundation for the Visual Arts Inc./Artists Rights Society (ARS), New York, via Sotheby’s
Multimedia
Kate Rothko Prizel & Christopher Rothko/Artists Rights Society (ARS), New York, via Christie's
Next week, Christie's and Sotheby's major Impressionist and modern sales will kick off in New York, followed by their contemporary sales. Here are some of the works expected to command the biggest prices.
'Sleeping Girl'
Est: $30 million to $40 million
The 1964 comic-strip painting featuring a pouting blonde has been off the market for nearly 50 years; its owner originally purchased it for $1,600. To generate buzz ahead of the Sotheby's sale in New York, the work traveled to Los Angeles, Hong Kong and London. Lichtenstein's "I can see the whole room!...and there's nobody in it!" sold last year at Christie's for $43.2 million, hitting a new auction record for the artist but falling short of the $45 million high estimate.