Press release TEFAF MAASTRICHT GETS OFF TO A STRONG START Maastricht, Sunday 11th March 2007 - The European Fine Art Fair (TEFAF) got off to a successful start in the Dutch city of Maastricht on Thursday 8 th March when 8,500 guests, including many of the world’s most important collectors and museum curators, attended the private view at the Maastricht Exhibition and Congress Centre (MECC). Dealers reported strong sales on the opening night and business continued to be good when the Fair opened to the public the following day (Friday 9th March). Old master paintings “It was a very good opening to the Fair and there was a marked increase in business compared to last year,” said Johnny van Haeften, the London-based leading specialist dealer in Dutch and Flemish Old Master paintings. Among his sales on the first night was An Italianate Landscape with travellers on a path by the 17th century Utrecht painter Jan Both. The picture, regarded as one of the highlights of this year’s TEFAF, was bought by an American private collector for a price in the region of $5.4 million (£2.7 million, €4 million). Konrad Bernheimer, chairman of Pictura, the paintings section of TEFAF, said: “The second day of the Fair was as exciting as the first - lots of people, lots of interest and lots of works reserved. This is the general feeling across the board and it looks as if this is going to be a very good Fair." ” BernheimerColnaghi, which has galleries in Munich and London, sold Paris and Oenone by the Frenchman Jean-Francois de Troy for a six-figure sum and a pair of landscapes by Robert Griffier, a successful artist in 18th century England. Other Old Master paintings sales included a 17th century painting of Saint Jerome by Matthias Stomer, sold by Robilant + Voena of London and Milan for around £200,000 ($394,000, €298,000), Jan Steen’s The Banquet of Anthony and Cleopatra, for which Haboldt & Co of Paris soon found a buyer, and Isaac and Rebecca by Gerbrand van den Eekhout, a pupil and friend of Rembrandt, sold by Jack Kilgore of New York. Among the 19th century pictures that went to new owners on the opening night was Holy Spirit, Danzig, painted by the German artist Fritz Stoltenberg in 1880, which The Fine Art Society of London sold to an American buyer. The Louvre museum in Paris bought Head of a Young Boy by Gotlieb Schiek, dating from 1800-1802, from Arnold-Livie of Munich immediately after the opening of the private view. Modern art The modern and contemporary section of TEFAF also performed well with the Mayor Gallery of London selling two works by Claes Oldenburg, Liver Sausage and Slices, dating from 1961, and the artist’s 1967 piece Green Ladies Shoes, the latter for more than €1 million (£670,000, $1.3 million). Four bronze sculptures by Jonathan Meese – Napoleon I, Napoleon II, Soldier of Fortune and Saint Just went to new buyers at the stand of Galerie Daniel Blau of Munich. Galerie Cazeau-Béraudière from Paris reported brisk business selling three works by Kees van Dongen, one by Amedeo Modigliani, one by Mark Rothko and one by Max Ernst. Galerie Thomas from Munich sold Zwei Pferden mit Fohlen by Heinrich Campendonk while Marlborough, which has galleries in Zurich and London, had a good start to the fair with sales of works by Richard Estes, Stephen Conroy and the Chinese contemporary artist Wang Keping. Antiquities TEFAF has always attracted serious collectors of antiquities and dealers in this sector of the market reported good sales after the opening of the Fair. Rupert Wace Ancient Art from London sold 12 items during the private view, including a life-size Roman bronze arm dating from about the 2nd century AD which went to a new European private collector for a price in the region of €70,000 (£47,000, $92,500). Another leading London dealer Charles Ede Ltd sold a 4th century BC Greek marble stele for around £120,000 ($236,000, €178,000) and a decorated Greek lidded mug made in Apulia about 350340BC for a price in the region of £55,000 ($108,000, €82,000). “It has been absolutely our best TEFAF ever,” said James Ede, director of the gallery. “We have always had a good Fair here but this year is exceptional.” Asian Art The Asian art section of TEFAF has expanded in recent years and Ben Janssens Oriental Art, based in London, sold 25 pieces on the opening night including an 11th century BC Chinese bronze ceremonial wine vessel, bought by a Swiss private collector for about €250,000 (£167,000, $330,000), and a Japanese gilt-lacquered wooden figure of the Buddha, from the Edo period in the 17th to 18th centuries, which went to a Belgian collector for approximately €60,000 (£40,000, $79,000). “We saw many familiar faces on the opening night but we also had an encouraging number of new clients,” said Janssens, who is chairman of the Executive Committee of The European Fine Art Foundation. Vanderven & Vanderven Oriental Art of Den Bosch sold 40 pieces including a superb large oil lamp used to celebrate the afterlife during the Han dynasty (206BC – 220AD), which was bought by an American museum. The classically simple lines of Chinese Ming dynasty furniture appeal to an increasingly wide range of collectors and Grace Wu Bruce from Hong Kong sold one of her finest pieces, a Huanghuali wooden altar table, to a new, young private buyer from Germany. Fine European furniture also sold well and a recently rediscovered commode, made in Germany about 1786 by G.W. Holzhauer, was sold to the Deutsche Historische Museum in Berlin by the Hamburg-based dealer Frank C. Möller Fine Arts. A Spanish collector bought a silver gilt plaque depicting the Adoration of the Shepherds attributed to Paulus van Vianen and made in Prague about 1610 from John Endlich Antiquairs of Haarlem. In the Antiques and Works of Art section Bresset of Paris sold a wooden statue of Christ, made in the Rhineland about 1200, for a price in the region of €100,000 (£67,000, $132,000). VIPs Among well-known faces seen at the Fair were Silvio Berlusconi, the former Italian prime minister, Princess Marilène van Vollenhove of the Netherlands and leading interior designers from around the world. The latter included Tony Ingrao, Randy Kemper and Bruce Bierman, who are all based in New York but work internationally, and Sig Bergamin and Jorge Elias from Săo Paulo, Brazil. AXA Art, principal sponsor of TEFAF AXA Art and TEFAF will offer a limited edition service card to visitors enabling them to check the provenance of artworks on international databases. AXA Art will also stage an exhibition entitled Thrill of Collecting II: Plastic, showing rare design and art objects made of plastic from collections around the world. Note for editors For more information please contact: U.K. Cawdell Douglas Diana Cawdell/Will Bennett 10-11 Lower John Street London W1F 9EB, UK Tel: +44 (0)20 7439 2822 Fax: +44 (0)20 7287 5488 E-mail: press@cawdelldouglas.co.uk U.S.A. NBTC Barbara Veldkamp 355 Lexington Avenue New York, NY 10017, USA Tel: 212-370 7360 X 19 Fax: 212 370 9507 bveldkamp@holland.com Other countries The European Fine Art Foundation Eveline Bots/Titia Vellenga/Petra van den Engel Broekwal 64 5268 HD Helvoirt, Netherlands T. +31 411-645090, F. 645091 press@tefaf.com