Paul Gauguin’s Painting Restituted to Ambroise Vollard’s Heirs Could Fetch $15 Million | Kanebridge News
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Paul Gauguin’s Painting Restituted to Ambroise Vollard’s Heirs Could Fetch $15 Million

By FANG BLOCK
Fri, Apr 14, 2023 10:34amGrey Clock 3 min
Paul Gauguin’s Nature morte avec pivoines de chine et mandoline Courtesy of Sotheby’s

Paul Gauguin’s painting, Nature morte avec pivoines de chine et mandoline, which hung on the walls of the Musée d’Orsay in Paris for nearly 40 years before it was restituted to heirs of early 20th-century Paris art dealer Ambroise Vollard, will be auctioned next month at Sotheby’s in New York.

An example of the artist’s early experiments with post-impressionism, the still life is expected to sell for between US$10 million and US$15 million, before fees.

Nature morte is among a group of four works that were returned to Vollard’s descendants following years of legal proceedings, Sotheby’s said in a news release Thursday. The other three include a landscape by Pierre-August Renoir, Paysage de bord de mer, 1884, with a low estimate of US$1 million; a red chalk work on paper by Renoir, Le Jugement de Pâris, circa 1915, which has low estimate of US$300,000; and a watercolor and pencil work on paper by Paul Cézanne, Sous-bois, circa 1882-84, with a low estimate of US$250,000.

All three artists, alongside Pablo Picasso, Henri Matisse, Vincent van Gogh, and many others, were championed and supported by Vollard, Sotheby’s said.

“The name Ambroise Vollard is one that resonates deeply across generations of the art world, as one of the most legendary dealers of the 20th century,” Allegra Bettini, Sotheby’s head of the modern evening auction in New York, said in the release.

“Each of these works speak to his importance as a central figure who helped shape modern art and whose legacy is still felt today,” she said.

Pierre-August Renoir’s landscape Paysage de bord de mer Courtesy of Sotheby’s

While Vollard died unexpectedly in 1939 before the Nazi occupation of France, his brother, Lucien, who held close ties with the Nazis, and some other art dealers stole and sold thousands of artworks belonging to the dealer. Many of the pieces were sold to Nazi members or German museums and dealers, according to Sotheby’s.

Gauguin’s Nature morte was painted in 1885 when the artist began to pursue his art full time after losing his job as a stockbroker. This still life marked a point in the artist’s career when he began to experiment with vivid colors, a shift that Sotheby’s said became the basis of the post-impressionist movement.

At that time, Gauguin’s new direction got attention from both Vollard, who organised several major exhibitions after Gauguin’s departure for Tahiti in the 1890s, and van Gogh, who invited Gauguin to join him in Arles, France, a few years later, according to Sotheby’s.

The painting is “filled with rich hues and striking tonal contrasts, including the use of blue—something rare in Gauguin’s palette,” Sotheby’s said.

The four works were unveiled Thursday at Sotheby’s galleries in Paris. They will be auctioned at its modern evening sale on May 16 in New York.

Gauguin’s auction record was set during the sale of the late Microsoft co-founder Paul Allen last year. The 1899 painting Maternité II sold for US$106 million, with fees.



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Preparatory Work for UAE to Oman Hafeet Rail Project Commences at Full Speed

Preparations have begun on the transformative UAE to Oman Hafeet Rail network, revealing significant construction details during a site visit.

Thu, May 16, 2024 3 min

The $3bn Hafeet Rail project between the UAE and Oman will feature 60 bridges and a 2.5km tunnel, making it an “architectural and engineering marvel,” according to CEO Ahmed Al Musawa Al Hashemi.

Hafeet Rail has announced that preparatory work is moving full speed ahead for constructing the transformative railway link between the UAE and Oman. This announcement was made during a site visit attended by key officials, members of the Asyad and Hafeet Rail executive management teams, project contractors, and consultants.

Key Highlights

During the visit, attendees were introduced to the main components of the project, including passenger, repair, and shipping stations, as well as major bridges and tunnel sites.

The Hafeet Rail project is set to play a very important role in enhancing local and regional trade, unlocking new opportunities in the infrastructure, transportation, and logistics sectors, and fostering economic diversification. It will also strengthen bilateral relations between the UAE and Oman.

The project will involve constructing 60 bridges, some reaching heights of up to 34 meters, and tunnels extending 2.5 kilometres. The Hafeet Rail team showcased the latest rail technologies and innovative engineering and architectural solutions designed to navigate the challenging geographical terrain and weather conditions while maintaining high standards of efficiency and safety.

The rail network will boost various industrial sectors and economic activities and significantly impact the tourism industry by facilitating easier and faster travel between the two countries.

Ahmed Al Bulushi, Asyad Group Chief Executive Asset, noted that the project’s rapid progress reflects the commitment of the UAE and Oman to developing and realizing the project’s multifaceted benefits.

Investment and Future Impact

Al Bulushi added that investments in developing local capabilities and expertise in rail-related disciplines over recent years have enabled the project to reach the implementation phase successfully under the leadership of highly efficient and professional national talent.

Hafeet Rail’s CEO Ahmed Al Musawa Al Hashemi emphasized, “The commencement of preparatory works for construction is a testament to the robust synergy between all parties involved in both nations, achieving this milestone in record time. We are confidently laying down the right tracks thanks to the shareholders of Hafeet Rail and the expertise of local companies in Oman and the UAE, alongside international partners.”

During the site visit, the visitors explored some of the key preparatory sites, including Wadi Al Jizi, where a 700-meter-long bridge towering 34 meters will be constructed. This ambitious project is envisioned as an architectural and engineering marvel in a complex geographical landscape.

Future phases will require more collaboration, with a continued focus on quality, safety, and environmental considerations in line with the international industry best practices.

The Hafeet Rail project represents the first-of-its-kind railway network linking two Gulf nations, marking a significant shift in regional goods transportation. This efficient and reliable transportation option will reduce dependence on slower and less sustainable road transport.

Hafeet Rail promises a 40% reduction in shipping costs and a 50% in transit times compared to traditional land transportation methods, as it will be connecting five major ports and several industrial and free zones in both countries.

This shift will reduce reliance on road transport by cars and trucks and promote more sustainable shipping practices. The establishment of the railway network will also create significant opportunities for SMEs in construction, engineering, and logistics support, acting as a catalyst for economic growth and innovation within the domestic economy.

By linking major ports, the Hafeet Rail project will enable local SMEs to import, export, and distribute their products more effectively, enhancing their market reach and global competitiveness.

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