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Three paintings by Paul Cézanne that a Swiss museum foundation said it had to sell to ward off insolvency fetched $52.5 million, with buyer’s fees, at a Christie’s auction in New York last night. Markus Stegmann, the director of the Museum Langmatt in Baden, said that after subtracting buyer’s fees, its parent foundation will reap 42.3 million Swiss francs from the sale of the three paintings, enough to keep the museum operating. The money will be used to create an endowment that will secure the museum’s future. It’s a relief.”The Foundation Langmatt’s decision to sell the Cézannes earned wide criticism before the auction. The Swiss branch of the International Council of Museums, which said the sale was a clear breach of its guidelines for de-accessioning from museum collections, called for the paintings to be withdrawn.
Persons: Paul Cézanne, Markus Stegmann, ” Stegmann, Organizations: International Council of Museums Locations: Swiss, New York, Baden
Museum Sells Restituted Cézanne for $39 Million
  + stars: | 2023-11-09 | by ( Kelly Crow | ) www.wsj.com   time to read: 1 min
Paul Cézanne’s ‘Fruits and Jar of Ginger’ was won by an anonymous telephone bidder. Photo: Christie’s ImagesA Paul Cézanne still life sold for $39 million on Thursday as part of a fundraising effort by a beleaguered Swiss museum. The 1890-93 scene, “Fruits and Jar of Ginger,” was sold by Museum Langmatt in the Swiss community of Baden as part of a broader campaign to renovate its 1900-01 art nouveau villa and establish an endowment. Before the auction could happen, the museum reached a restitution settlement with the heirs of a Jewish collector who previously sold the Cézanne under duress.
Persons: Paul Cézanne’s, Ginger ’, Paul Cézanne, Organizations: Langmatt Locations: Swiss, Baden
One of the Cézannes in particular, a still life titled “Fruits et pot de gingembre,” is a highlight of the Museum Langmatt in Baden, which houses a small collection of Impressionist works. The museum said it was financially necessary to sell the painting, and perhaps two others, to keep the foundation that owns it from insolvency. The still life is estimated to fetch $35 million to $55 million at an auction on Thursday at Christie’s in New York. “Bequests and donations come to museums because people think they will be safe,” said Bezzola, who argued the sale should be canceled. “All the important collections in Switzerland come from private donations and bequests, so this sends a terrible signal.”
Persons: Paul Cézanne, Tobia Bezzola, , Bezzola Organizations: International Council of Museums Locations: Swiss, Baden, Christie’s, New York, Switzerland
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