A weekly update of art world news.
Valuable Egon Schiele Drawing Found at Thrift Store
Last summer, a visitor at a Queens Habitat for Humanity store discovered an elegant line drawing by Austrian artist Egon Schiele. The buyer, who remains anonymous, works as a part-time art handler and has a background in art history. Jane Kallir, the director of Manhattan’s Galerie St. Etienne and the author of Schiele’s catalogue raisonné was initially skeptical of the find, but found the details indicative of Schiele’s style. The subject of the 1918 drawing is a girl who modeled frequently for Schiele and appears in 22 of his works. The drawing is now on view at Galerie St. Erienne and is listed for sale between $100,000 and $200,000. A portion of the proceeds will be donated to Habitat for Humanity.
Read the full story (The Art Newspaper)
Ebony Photo Archives Sold for $30 Million at Bankruptcy Auction
A consortium of foundations led by the J. Paul Getty Trust purchased the historic Ebony photo archives for $30 million at the Johnson Publishing bankruptcy auction. To make the collection available to the public, the foundations plan to donate the collection to cultural institutions including the Smithsonian National Museum of African American History and Culture and the Getty Research Institute. According to Chicago bankruptcy court, the Ford Foundation, Andrew W. Mellon Foundation, and John D. and Catherine T. MacArthur Foundation are listed as co-purchasers on the asset purchase agreement.
Read the full story (Chicago Tribune)
Portland Museum of Art Wins $4.6 Million Lawsuit
On Monday, July 22, a jury ruled that Annemarie Germain, caretaker to wealthy art collector Eleanor G. Potter, unlawfully dissuaded her from bequeathing a large donation to the Portland Museum of Art after her death. The PMA argued that Germain coerced Potter into changing her will shortly before her death in 2015 to name Germain as the sole beneficiary of Potter’s estate, depriving the museum of a $3.3 million donation. After a six-day trial, the jury reached a decision in less than one hour to award the PMA $3.3 million and over $1 million in punitive damages.
Read the full story (Hyperallergic)