Wednesday, 30 November 2011

Collecting Egypt: Asking Questions

"Question?" by Langlands & Bell at University Campus Suffolk
© David Gill
I will be working through some ethical issues with students tomorrow. Our themes will include:



The lecture will hopefully be interactive with questions directed through Twitter.

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Consignments to Sotheby's New York in the 1990s

There was some discussion of an Apulian rhyton when it was offered on the New York market last year. It had first surfaced at Sotheby's New York in 1994. The rhyton seemed to match an image in one of the seized Swiss dossiers of images. It raised the possibility that the pattern known for the London market in the 1980s and 1990s (and so well documented by Peter Watson in Sotheby's: Inside Story) was also repeated in New York.

Christie's pressed ahead with the sale of the rhyton in spite of calls for the lot (and others) to be withdrawn.

It now appears that another Italian piece, a Peucetian clay stamnos, also seems to feature in one of the Swiss photographic dossiers (December 7, 2011, lot 154). In the photograph the stamnos is covered in deposits that could suggest that it was fresh out of the ground in southern Italy when the photograph was taken. The stamnos first surfaced at Sotheby's New York in 1995. Who consigned it? What else came from the same source?

Was it the same person in whose dossier the image was recovered?

I am grateful to Cambridge University researcher Christos Tsirogiannis for his identification of the stamnos.

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Saturday, 26 November 2011

"A history of provenance was not required back in 1991"

A New York dealer whose gallery is a member of the International Association of Dealers in Ancient Art has recently made the claim: "a history of provenance was not required back in 1991" (see also here).

What does he mean? First, the word "provenance" is (at best) ambiguous and, I would suggest, is obsolete. I have written on this topic in an academic article elsewhere. Essentially what is implied by this dealer is that the declaration of the collecting history was not required.

And that brings me to a second point. Who required the collecting history? Is the dealer suggesting that the information was required by law? Or was such information provided as part of the "professional" service offered by dealers? (And what does the omission of such information by such dealers tells us about their attitudes toward collecting histories?) And were potential buyers wanting this information so that they could avoid buying recently surfaced antiquities?

So to point three: what was special about 1991? Were people concerned about documenting the collecting histories of antiquities in that year? On a formal basis the US Government had passed the Cultural Property Implementation Act (CPIA) in January 1983 [text]. This makes provision for the requirement of appropriate documentation for the items. And if the dealer was not the importer, the documentation, if accurate, would have revealed the information about previous handlers (or handler). The point about CPIA is that it emerged from the implementation of the 1970 UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property.

The point is this: by 1991, dealers in North America were well aware that there was an issue about cultural property that included archaeological material. This raises issues about enforcement by US authorities as well as attitudes relating the acquisition of cultural property by museums and private collectors, as well as the handling of such material by North American dealers and auction-houses. The Medici Conspiracy has made it very clear that ignoring the implications of UNESCO and CPIA had major ramifications for a number of major North American museums, for some North American private collectors, for some auction-houses based in North America, and for some North American based dealers of antiquities. The ignoring of collecting histories, or rather the lack of them, had toxic implications for those handling or acquiring such recently surfaced antiquities.

There is a further issue. Was the ethical aspect of handling recently surfaced antiquities ignored or sidelined in 1991? And what have been the implications of such an attitude for museums, private collectors and dealers?

And dates matter. I note that twenty years before 1991 (but still post the 1970 UNESCO Convention) a New York Gallery sold some Roman fresco fragments to the J. Paul Getty Museum. In November 2006 it was announced that those fragments would be returned to Italy. The reason? I will let the readers come to their own conclusion.

A dealer in 1991 may, perhaps, have felt that collecting histories were unimportant to determine or to declare. But twenty years later, in 2011, due diligence and transparency are fundamental elements of those who trade in cultural property. So if details of the collecting history become known, or appear to be suppressed, they should, I would argue, be made public.


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Friday, 25 November 2011

IADAA members and attitudes towards recently surfaced antiquities

Earlier this year I drew attention to key elements in the IADAA's Code of Ethics in the light of an article by Fabio Isman. Point 2 states:
The members of IADAA undertake not to purchase or sell objects until they have established to the best of their ability that such objects were not stolen from excavations, architectural monuments, public institutions or private property.
Imagine a member of the IADAA stating that because an object was known in 1991, the Code of Ethics was not binding (irrespective of how the item or items moved from a putative grave assemblage in Southern Italy to a dealer's warehouse in Geneva or London). Contrast this with the batch of material returned to Italy by an IADAA member in 2007. Those objects first passed through the hands of the IADAA member in the 1980s and early 1990s.

IADAA members will also be aware of Point 7:
Members of IADAA undertake to the best of their ability to inform the Administrative Board about stolen goods and thefts. They also undertake to co-operate with international and national agencies involved with the recovery of stolen goods.
So if evidence comes to light that the object was possibly removed from (say) Italy, one would hope that the IADAA member would be getting in touch with the Italian Ministry of Justice as a matter of urgency.

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Collectors as blog readers

It appears that collectors are avid readers of LM. It seems that they now turn to LM for reliable information about potential purchases. Apparently LM provides information that is not always available from dealers.

And what does that say about the due diligence process in the marketplace?

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Thursday, 24 November 2011

Khouli Case: update

Source: ICE
Attorney Rick St. Hilaire has an update on the Khouli case. This has implications for any discussion of Egyptian material entering North America.

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Looking Back to Athena Fund II

I can remember the appearance of the sale catalogue that realised the antiquities of Athena Fund II. Objects that passed through that Fund continue to appear on the market so it would be helpful to write a short summary.

As the Washington Post noted, "McNall also runs an investment fund for Merrill Lynch, called the Athena Fund II, that specializes in ancient art and coins" (Heidi L. Berry, "The Ancient Wealth Of the Hunt Brothers", June 14, 1990). Attitudes towards selling and collecting antiquities were very different in 1990 (Andrea Gabor, "Art of the wheeler-dealers", U.S. News & World Report July 2, 1990).
The smart money is backing ancient art. Onetime Texas billionaire Nelson Bunker Hunt and his brother William went bust speculating on silver, but their collection of ancient coins, vases and bronzes fetched over $ 23 million at last week's Sotheby's auction -- roughly double the original estimates. Just last year, Canal Capital, a firm controlled by Asher Edelman, a corporate raider and art collector, invested "well over $ 10 million" in inventory for the Merrin Gallery, a leading New York City antiquities dealer. Similarly, Merrill Lynch has launched several limited partnerships that invest in ancient coins. "Antiquities have traditionally been overlooked by the public," says Frank Carr, the portfolio manager for Merrill's Athena funds and chief financial officer at Los Angeles-based Numismatic Fine Arts.
The New York magazine gave a little more detail about the sale of Athena Fund II through Hesperia Arts Auction (Andrew Decker, "The Shock of the Old", November 19, 1990). It revealed that the three main figures were Bruce McNall, Jonathan Rosen ("New York collector and real-estate developer"), and Robert E. Hecht ("the éminence grise of New York antiquities collectors"). According to one of the cataloguers for the sale, Jasper Gaunt, the main consignors were Atlantis Antiquities and Athena Fund II. (Atlantis Antiquities is a consignor of some significance for other reasons.) Only today a North American dealer informed me that Robin Symes was the source of much of the material in the Fund.

The Funds were not a great success ("Merrill to Pay Back Investors in Coin and Art Partnerships", New York Times August 24, 1994):
Merrill Lynch & Company said yesterday that it would pay $20 million to $30 million to settle lawsuits by investors in its ancient-art and rare-coin limited partnerships.
Units in the partnerships, which failed, were bought by about 3,500 investors from 1986 to 1990. They will receive the full $1,000 they paid for each unit in the Merrill Lynch Athena Fund I, Athena Fund II and Numismatic Fine Arts World Coin Fund, excluding any distributions they received from the first two funds.
Buyers desiring to acquire ancient art that had passed through such a Fund would want to be sure of the collecting histories of the pieces.

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Another Bürki object returns to Italy

Source: MMA A psykter column-krater attributed to the Troilos painter was deaccessioned by New York's Metropolitan Museum of Art in June...