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Our Projects

ONGOING PROJECT 2023

February: Ai Weiwei

As an Accredited Member at the Appraisers Association of America and specializing in Post-War, contemporary, emerging art, with Chinese antiques and 20th-21st Century art as the additions, JY&A's founder, Juliette Yuan has helped her clients evaluate works of blue-chip artists such as Gerhard Richter (DE), Fernand Léger (FR), Jacob Lawrence (USA), Salman Toor (PK/USA), Nicolas Party (BE/USA), Yayoi Kusama (JP), Yoshitomo Nara (JP), Zao Wou-Ki (FR/CN), Zhang Enli (CN), among others, for different purposes. 

In respecting each client's confidentiality rights, only the basic data of each project is revealed on this website. The visual materials on this page do not relate to any projects we conducted for our clients.

PROJECT 1 - Fernand Léger

 

Time: Fall 2021

Artist: Fernand Léger (France, 1881-1955)

Property: A late Léger's gouache on canvas from a private collection

Purpose: Asset evaluation

Value: Fair Market Value, in $800K - $900K range

Client: A New York-based art dealer

 

Project summary:

Highlight: Suspicion on the authenticity of the appraised property

The work came with a certificate of authenticity from the artist's foundation and a reputed expert in his work. However, the artist's signature on the painting looked slightly different from most other works I examined during my research. Although an appraisal does not serve as a statement nor representation of fact, nor is it a representation or warranty for authenticity, genuineness, or provenance, I still took some time to reach out to Le Musée Nationale Fernand Léger (The Fernand Léger National Museum) in Biot, France, for verification. Below is the museum's statement I received and forwarded to my client following my inquiry:

"We have two tapestries on the same motif in our collection but which were woven postmortem (circa 1960) by the workshop 'Pinton Frères.' There are several weavings. Considering its (the appraised property's) dimensions, your client's gouache is probably rather a cardboard for these tapestries, but it is not certain that it is the hand of Léger. (Chargée des collections et de la documentation, Musée Nationale Fernand Léger, Biot, France)" 

Below:

Fernand Léger (French, Argentan 1881-1955, Gif-sur-Yvette), The Village, 1914.

Oil on canvas. 31 1/2 x 39 1/2 in. (80 x 100.3 cm).

Leonard A. Lauder Cubist Collection, Purchase, Leonard A. Lauder Gift, 2013. 

Image resource: https://www.metmuseum.org/art/collection/search/500488

© 2023 Artists Rights Society (ARS), New York

Screen Shot 2023-02-06 at 2.52.55 PM.png

PROJECT 2 - Yayoi Kusama

 

Time: October 2021

Artist: Yayoi Kusama (Japan, 1929-)

Property: An iconic sculpture from  a distinguished collection in Asia

Purpose: Asset evaluation

Value: Fair Market Value, in $3M - $4M range

Client: A distinguished collection in Asia

 

Project summary: A distinguished Asian private collection needed to evaluate one of its iconic Kusama sculptures for a potential sale

Below:

Yahoi Kusama (Japan, Dresden, 1929-), one of Kusama's Pumpkin Sculpture in Naoshima, Kagawa Prefecture, western Japan

Image resource: https://www.artnews.com/art-news/news/yayoi-kusama-pumpkin-sculpture-damaged-typhoon-lupit-1234601174/

© 2023 Art Media, LLC. ARTnews

Yayoi Kusama's artwork called "Pumpkin" in Naoshima, Kagawa Prefecture, western Japan.png

PROJECT 3 - Gerhard Richter

 

Time: End of 2021

Artist: Gerhard Richter (Germany, 1932-)

Property: An early Richter's abstract oil on canvas from an European private collection

Purpose: Asset evaluation

Value: Fair Market Value, in $5.5M - $6.5M range

Client: A New York-based art dealer

 

Project summary: A European private collector needed to evaluate his Richter painting for a potential sale

Below:

Gerhard Richter (German, Dresden, 1932-), Abstraktes Bild (648-3), 1987.

Signed, numbered and dated 'Richter 1987 648-3' (on the reverse)
Oil on canvas

88 3/4 x 78 3/4 in. (225.4 x 200 cm.)

Image resource: https://www.christies.com/en/lot/lot-5846092

© 2023 Christie's, New York

Gerhard Richter (b. 1932) Abstraktes Bild (648-3) 1987.png

PROJECT 4  - Jacob Lawrence

 

Time: January 2022

Artist: Jacob Lawrence (USA, 1917-2000)

Property: An egg tempera on hardboard in one of the artist's most important series created in the 1950s

Purpose: Asset evaluation (with the combined purpose for the approval of the Accredited Membership of Appraisals Association of America)

Value: Fair Market Value, in $600K - $700K range

Client: A private collector in New York

 

Project summary: A New York-based private collector needed to evaluate one of his Lawrence paintings for a potential institutional donation. With the client's permission, I used the same appraisal in my Non-Cash Charitable Contribution for IRS Income Tax Purposes mock report for the Accredited Membership of Appraisers Association of America that I obtained later in the same year.

 Below:

Jacob Lawrence (American, 1917 - 2000), The Business Men, 1947.
Egg tempera on hardboard
20 1/8 x 24 in. (51.1 x 70 cm.)

Image resource: https://www.sothebys.com/en/auctions/ecatalogue/2018/contemporary-art-evening-sale-n09932/lot.18.html

© 2023 Sotheby's, New York 

Jacob Lawrence, The Business Men, 1947.png

PROJECT 5 - Zhang Enli

 

Time: February 2022

Artist: Zhang Enli (Mainland China, 1965-)

Property: An early Zhang's triptych oil on canvas from a distinguished New York-based Asian private collector

Purpose: Market analysis and valuation for future sale

Value: Fair Market Value

Client: A distinguished Asian private collector in New York

 

Project summary: A distinguished New York-based Asian collector needed my assistance evaluating her triptych for a potential auction sale. Upon the client's request, I conducted a market investigation, analysis, and valuation for the work. My client later sold her collection at Christie's Hong Kong in the spring season of 2022 with a buyer's premium price identical to my valuation.

Below:

Zhang Enli (Mainland China, 1965-), Bar, 1994.
Oil on canvas

Permanent collection of Long Museum West Bund, Shanghai, China

© 2023 Google Arts & Culture

Zhang Enli, Bar, 1994.png

PROJECT 6 - Salman Toor

 

Time: May 2022

Artist: Salman Toor (Pakistan/American, 1932-)

Property: A mural size oil on canvas from a New York-based private collector

Purpose: Non-Cash charitable museum donation

Value: Fair Market Value, in $2M - $2.5M range

Client: Sharon Chrust & Associates (Stamford, CT)

 

Project summary: I was hired by Sharon Chrust & Associates to prepare an appraisal report for a New York-based client's non-cash charitable donation for a prestigious art museum in the U.S. I was in charge of the entire project's writing. The project took roughly six weeks to be accomplished, followed by two revisions requested by the collector with important adjustments in the following six months. The case was closed before the end of 2022.

 Below:

Salman Toor (Pakistan/American, 1983-), Four Friends , 2019.

signed Salman Toor and dated '19 (on the reverse)
Oil on panel
40 x 40 in. (101.6 x 101.6 cm.)

Private collection

Image resource: https://www.sothebys.com/en/buy/auction/2022/the-now-evening-auction-5/four-friends

© 2023 Sotheby's, New York 

Salman Toor, Four Friends, 2019.png

PROJECT 7 - Nicolas Party

 

Time: September 2022

Artist: Nicolas Party (Swiss, 1980-)

Property: A still life in soft pastel on linen from an Asian institutional collection in New York 

Purpose: Asset evaluation

Value: Fair Market Value, in $2M - $3M range

Client: Sharon Chrust & Associates (Stamford, CT)

 

Project summary: I was hired by Sharon Chrust & Associates to prepare an appraisal report for a New York-based institutional client's asset evaluation on its collection. I was in charge of the entire project's writing. The project took roughly four weeks to be accomplished. 

Below:

Nicolas Party (Swiss, 1980-), 

Installation view of Nicolas Party's solo exhibition, Cascade, in Xavier Hufkens Gallery, until 4 March 2023, St-George, Brussel

Image resource: https://www.xavierhufkens.com/exhibitions/nicolas-party

© 2023 Xavier Hufkens

Nicolas Party, Cascade (installation view), St. George, Brussel.png

PROJECT 8 - Zao Wou-Ki

 

Time: November 2022

Artist: Zao Wou-Ki (French/Chinese, 1921-2013)

Property: An oil on canvas from the artist's Hurricane Period from a corporate collector 

Purpose: Asset evaluation

Value: Fair Market Value, in $5.5M - $6.5M range

Client: Sharon Chrust & Associates (Stamford, CT)

 

Project summary: I was hired by Sharon Chrust & Associates to prepare an appraisal report for an anonymous corporate client's asset evaluation on its collection. I was in charge of the entire report's writing. The project took roughly four weeks to accomplish.

 

Other projects about Zao Wou-ki: An appraisal report for a New York-based private collector's collection for Asset Evaluation purposes. The project included a group of lithographs Zhao created in the 1960s for insurance purposes. 

Below:

Zao Wou-Ki (French/Chinese, 1921-2013), Juin-Octobre 1985, 1985.

Image resource: https://news.artnet.com/art-world/zao-wou-ki-65-million-triptych-hong-kong-1360900

© 2023 Sotheby's

Zao Wou-Ki Juin—Octobre 1985 (1985). Photo courtesy of Sotheby's.png

PROJECT 9 - Ai Weiwei (ongoing)

 

Time: February 2023 

Artist: Ai Weiwei (Mainland China, 1957-)

Property: A group of sculptures  from an anonymous collection in the U.S.

Purpose: Asset evaluation

Value: Fair Market Value

Client: Corporate client 

This project is in collaboration with Sharon Chrust & Associates (Stamford, CT)

 

Project summary: An ongoing project in collaboration with Sharon Chrust, the founder of Sharon Chrust & Associates (Stamford, CT) and the President and Certified Member of AAA. I'm in charge of the artist's and the appraised property's markets research, analysis, and writing, the comparables' analysis and description, and the FMV valuation.

 

Below:

Ai Weiwei (Mainland China, 1957-), Forever Bicycles, public art installation, 2013.

Image resource: https://www.royalacademy.org.uk/

© 2023 Royal Academy of Arts

Ai Weiwei, Forever Bicycles, 2013.png
Gerhard Richter
Fernand Leger
Yayoi Kusama
Jacob Lawrence
Zhang Enli
Salman Toor
Nicolas Party
Zao Wou-Ki
Ai Weiwei (ongoing)
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