Sotheby's auctions stolen Renoir belonging to Japanese collector



2015-06-26 13:23:25

Sotheby's auctions stolen Renoir belonging to Japanese collector

The stolen Renoir was not registered missing before Sotheby's sold it at auction

Sotheby's has auctioned an oil painting by French impressionist master Pierre-Auguste Renoir that was stolen from a Japanese collector.

Renoir Sotheby's Stolen Japanese Tokyo Madame Valtat It remains unclearwhether the piece will be returned to the Japanese collector, though Sotheby's is co-operating with investigations

The 1903 painting, entitled Madame Valtat, went missing from the collector's private residence in Tokyo in 2000, along with five other works from the likes of Marc Chagall.

It was then sold at Sotheby's Londonin February 2013 for 1m ($1.6m). The present owner's identity will be kept confidential by the auction house, as is its policy.

The anonymous Japanese collector is thought to have notified police at the time of the sale, but did not register the work as missing on the stolen art database run by Interpol. As such, it escaped Sotheby's stringent checks, which are carried out before any work is sold.

The owner now intends to get the piece back, but may be unable to do so with ease, as Sotheby's has stated that the seller had acquired it legitimately in the year that it was stolen and was able to prove rightful ownership.

The portrait depicts Suzanne Valtat, the wife of Renoir's close friend and fellow artist Louis Valtat, and was given to her as a gift upon its creation.

In September, Heritage Auctions will hold a sale dedicated to the impressionist master, featuring an array of works and personal items from his career.

Paul Fraser Collectibles has a signed letter written by Pierre-August Renoir to his benefactor Madame Charpentier, who is wonderfully depicted in his masterpiece Madame Charpentier and her Children.

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