Bonhams launches first Israeli art auction

ISRAEL CONTEMPORARY ART AUCTION

May 24, 2011 will mark Bonhams’ first standalone auction of modern and contemporary Israeli art and Judaica. To be held in the New Bond Street saleroom in the UK, the auction will certainly be abuzz with collectors and buyers witnessing and participating in this event.

Ludwig Blum (Israeli, 1891-1975), 'Jerusalem', oil on canvas. Image courtesy Bonhams.

Ludwig Blum (Israeli, 1891-1975), 'Jerusalem', oil on canvas. Image courtesy Bonhams.

Following a two year slump, 2010 saw Israeli art come back full throttle: increased demand, prices going up and auction record highs set.

The Jerusalem Post wrote:

In 2007, the Israeli art market was estimated to have reached an all-time high of $36 million (nominal prices). The market experienced a painful correction after this prosperous year as annual sales had dropped about forty percent in 2008 and 2009 in wake of the global financial crisis. The results for 2010 signify a recovery; annual turnover grossed $ 27 million, a 42% growth, and all price segments are climbing back towards their 2007 levels.

Ludwig Blum (Israeli, 1891-1975), 'The Old City', oil on canvas. Image courtesy Bonhams.

Ludwig Blum (Israeli, 1891-1975), 'The Old City', oil on canvas. Image courtesy Bonhams.

And it seems Bonhams is keen on focussing efforts to push Israeli art above and beyond in the coming years. According to Giles Peppiatt, Head of Israeli Art at Bonhams,

The market for modern and contemporary Israeli and Judaica art has shown exceptional growth and strength in recent years. The sale will provide an impressive showcase of works of the highest quality. Interest from both private collectors and museums internationally ensures that this event will be an exciting new venture for Bonhams.

Partnering with the Israeli-based auction house, Montefiore, works sourced for the auction include:

  • Marcel Janco (189  1984), Marina, 1930, oil on canvas, estimate £100,000-150,000.
  • Israel Hershberg B. 1948, Jerusalem, City Centre, 1989-90, oil on canvas, Provenance: Marlborogh Gallery, London, £100,000-150,000
  • Ludwig Blum, (Israeli, 1891-1975), Jerusalem, signed and dated ‘L. Blum 1948’; signed in Hebrew, oil on canvas, £8,000-12,000
  • Alexandre Markelbach, Lighting the Sabbah Lamp, oil on panel, signed, £1,500-2,000
Marcel Janco (1895 - 1984), 'Marina', 1930, oil on canvas. Image courtesy Bonhams.

Marcel Janco (1895 - 1984), 'Marina', 1930, oil on canvas. Image courtesy Bonhams.

On the heels of newly launched art-centric website Omanoot.com and Matsart’s Israeli auction this Spring, Bonham’s May auction in London reaffirms that 2011 could become quite the emphatic high for Israeli art and its fans.

ZD/KN/CMS

Related Topics: Israeli artists, auctions, market watch

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Comments

Bonhams launches first Israeli art auction — 5 Comments

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  2. From discussions on niartteville, the film was strictly a compilation of zeppelin shots and footage taken from other Chaplin movies, it wasn’t a lost film. It’s worth something, but nowhere near what they wanted.

  3. Thank you for your comment, Jonathan. We suggest that you contact Bonhams directly with your query. Their website can be found here: http://www.bonhams.com/. Best of luck with your endeavour.

  4. I have an original Jossi Stern oil on canvas entitled “Jonah and the Whale”. The painting is 30″ x 40″. The painting was done in New York City in 1966 and was given to Mr. Stern’s publicist, Charles Segal, as a gift in 1967. I acquired the painting from Mr. Segal in 1987. The painting was accompanied by a letter from Mr. Segl relating the circumstances surrounding the paintings creation and the gift. I am interested in selling the painting. Do you have an interst in including it in an auction? Pictures are available on request. I also have six signed drawings by the artist.

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