In the week since the website Politico first reported … But Ross expects that “the financial operations of the Club may not fully return to pre-pandemic levels until late 2023 or 2024.” The effects of the virus and the resulting economic slump leave few good options. Losing members and burning through cash during a punishing pandemic, the club has decided to sell one of its most prized assets: an 1872 painting by the French Impressionist Claude Monet that it bought in 1895. The Union League painting was included in its recent exhibition, “Monet and Chicago.”. The Union League Club-owned "Apple Trees in Blossom" at the "Monet in Chicago" exhibit at the Art Institute of Chicago on Sept. 10, 2020. For more information on the Club's Art Collection, visit the links, PDFs and photo gallery below. Union League of Chicago The Union League Club of Chicago, home to one of the most significant private art … Its centerpiece was a painting by Claude Monet, Pommiers en fleurs (Apple Trees in Blossom) (1871), purchased by the club in 1895 for $500, and today valued at between $5m and $15m. Editorials reflect the opinion of the Chicago Tribune Editorial Board. It’s also home to a massive art collection that includes a Monet and a passel of Paschkes. The Union League Club is also trying to sell a building next to the main building. Five Experts Discuss Monet's Most Beguiling Paintings. The work’s inclusion in the Monet showcase at the Art Institute of Chicago could increase the work’s value if it comes up for auction. The pandemic has eliminated these revenue streams.”. In an email, President Nancy A. Ross told members that its large fixed costs “are normally paid from guest rooms, food & beverages sales, and large events revenues. Ross said in the letter to the club’s members that, alongside the Monet, a selection of works could potentially go up for sale, including ones by George Inness, Victor Higgins, William Wendt, and the Chicago Imagist Jim Nutt. Editorial: A plea to Chicago teachers: Your kids need you. Union League Club votes to sell its prized Monet painting to cover pandemic losses The story of Claude Monet’s “Apple Trees in Blossom” and Chicago is lengthy, important and now — with the Union League Club’s determination to sell its most useful artwork work … The Union League Club-owned "Apple Trees in Blossom" at the "Monet in Chicago" exhibit at the Art Institute of Chicago on Sept. 10, 2020. Courtney Key was found dead on Christmas, shot in the head and dragged by a car. Nine of them are now part of the Art Institute of Chicago’s distinguished Impressionist collection. The leading source of art coverage since 1902. Chicago’s public-television station included the 141-year-old club in a series of video features it has posted on its website while cultural landmarks and museums in the area have been closed because of pandemic-imposed restrictions. The story of Claude Monet’s “Apple Trees in Blossom” and Chicago is long, significant and now — with the Union League Club’s decision to sell its most valuable artwork to cover pandemic-year losses — … The Union League of America was founded during the American Civil War to support Abraham Lincoln and preserve the Union. History. But if not, we can only hope Monet’s masterpiece will end up someplace where it can be enjoyed by the public for decades to come, even if it is not here, its longtime home, Chicago. What’s the holdup? As the pandemic has shuttered businesses, forced many former commuters to work from home and strangled tourism, the Loop and surrounding neighborhoods have emptied out. The Union League Club of Chicago applauds Vogue Magazine for its September cover featuring artwork by Kerry James Marshall. The Union League Club of Chicago offers members guest room accommodations, a state-of-the-art health and fitness center, ... (including a Monet!) Top ranked private social club for professionals, wine enthusiasts, art lovers, digital nomads, wellness seekers & culinary experiences. Purchased for $500, “Apple Trees in Blossom” could sell for tens of millions of dollars. Chicago’s Union League Club Board Approves Sale of Prized Monet, Other Works The Union League Club, home to one of the most significant private art collections in the American Midwest, is reportedly planning to liquidate a portion of its collection, including a coveted Monet painting, to alleviate economic strain resulting from the pandemic. Her friends in LGBTQ community fear it was a hate crime. The organization has cut around 75 percent of its full-time staff, from 275 to 67 employees, and issued 10–20 percent salary cuts for management figures and raised $520,000 in member donations. She will be tasked with finding “the best opportunity for the best prices available,” said Tunney. The club’s general manager, Mark Tunney, told the ARTnews in an interview that plans to sell the Monet and other works are not finalized. A ‘healthy’ doctor died two weeks after getting a COVID-19 vaccine; CDC is investigating why, FBI warns of plans for armed protests at all 50 state capitals next week, Coronavirus in Illinois updates: 4,776 new confirmed and probable COVID-19 cases and 53 additional deaths reported as CPS schools reopen today after 10 months, Capitol attack far more sinister than it initially appeared: ‘The direction was to go get people,’ Nancy Pelosi says. Union League Club is an excellent choice for travelers visiting Chicago, offering a luxury environment alongside many helpful amenities designed to enhance your stay. Us. But for a city that has a long, proud association with the artist, the sale would be a “great tragedy,” Northwestern University art historian Alicia Catichatold the Tribune’s culture writer. Collections Menu. The art collection of the Union League Club Chicago represents the commitment to culture for more than a century. More than 700 works strong, the collection embraces diversity of style, geography and chronology. Hard times demand painful measures, and for the Union League Club of Chicago, like so many other establishments in downtown Chicago, these are hard times. In an email to the club’s members, she wrote, “Key to the board’s decision is the inherent uncertainty of the length of the negative effects of the pandemic on the club’s operations and Chicago’s economy.”, Related Articles J.B. Pritzker’s latest order, meetings and other events have been suspended, along with indoor dining. The sale would not mark the first time the Union Club has deaccessioned art in recent years. The Union League Club - The Union League A quiet sanctuary and relief from the hustle of the city Located on the corner of Park Avenue and 37th Street, The Union League Club is home to a distinguished art collection and gallery, library, squash and fitness facilities, fine dining and catering, conference and banquet rooms, and rich history. In 1903, the A.I.C. Purchased by the Union League Club of Chicago, this canvas was the first Monet painting bought by a Chicago institution from the Art Institute’s 1895 exhibition. The art task force, which includes Metzler as well as current and former board members, “helped to identify the right time, for the right piece, without jeopardizing the integrity of the art collection,” Tunney said. Dr. Martens Unveils New Collaboration with Keith Haring Estate, 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian’s Heir, Following $12 M. Pollock Sale, Everson Museum Acquires Contemporary Works by Shinique Smith, Ellen Lesperance, More, Tarsila do Amaral Work at Center of Legal Dispute Sells for Record Price in Brazil, 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian's Heir, Five Experts Discuss Monet's Most Beguiling Paintings. Tunney confirmed that two tranches of works were selected by the task force. THE BUZZ SCOOP: The Union League Club is making plans to sell pieces of its artwork, including its coveted Monet, to help it weather the economic blow from Covid-19. The collection has historically been available for public view. The ULC is unique in our commitment to serving our country, building our communities and experiencing the culture around us. Watch live: Gov. Significantly, the purchase of Apple Trees in Blossom made the Union League Club one of the early Chicago collectors of Monet. Monet found an enthusiastic audience in Chicago, notable Potter Palmer (founder and owner of the Palmer House Hotel) and his wife Bertha, who bought some 29 of Monet’s works and 11 of Pierre-August Renoir’s. Today, its market value is estimated to be between $5 million and $15 million. Displayed on nearly every floor and room throughout the Club, it enhances the beautiful Beaux-Art Building erected in 1926 and lends it the feel of a museum. Brad Biggs’ 10 thoughts after the 21-9 playoff loss to the New Orleans Saints. Kathryn Kremnitzer: Another interesting fact to consider is that the painting was included in Monet’s first solo exhibition at a U.S. museum. Get our latest stories in the feed of your favorite networks. In 1895, the Union League Club of Chicago purchased Apple Trees in Blossom (1872), which was also shown at the Art Institute that year in the exhibition 20 Works by Claude Monet, the artist’s first solo show at a museum in the United States. It went for $225,000 with buyer’s premium during Christie’s contemporary art day sale on December 3. With the Chicago Bears’ season over, what will George McCaskey decide about the franchise’s future? Get our latest editorials, commentaries and columns delivered twice a week in our Fighting Words newsletter. Copyright © 2021 Penske Business Media, LLC. The Monet painting would be a multimillion dollar lifeline. The Union League Club of Chicago, home to one of the most significant private art collections in the American Midwest, is reportedly planning to liquidate a portion of its collection, including a coveted Monet painting, to alleviate economic strain resulting from the pandemic, Art Market Monitor reported. But financial reality cannot be denied. Union League Club on selling a Monet to recover funds lost during the pandemic The Union League Club, a longtime mecca for the city’s movers and shakers at 65 W. Jackson Blvd., has always bustled with an endless series of seminars, panel discussions and fundraisers, as well as power lunches among political and business bigwigs. Dr. Metzler serves as the point of contact for the art with auction houses upon selection for sale. All Rights reserved. Club member Judge John Barton Payne acquired the work and later sold it to the Union League for $500. The art collection of the Union League Club Chicago represents the Club’s commitment to culture for over a century. Vaccinated. Losing $400,000 a month, it has slashed staff, cut managerial salaries and persuaded members to contribute $520,000 to help weather the storm. According to that report, Union League president Nancy A. Ross confirmed the board’s approval to sell the Monet. In dire fiscal straits, the club has authorized the sale of its art collection's "jewel" but hopes it won't come to that. Some 141 years ago, a local club formed to support good government – and a third term for President Ulysses S. Grant. Grant didn’t get the nomination, but the Union League Club of Chicago still welcomes presidents and explores public policy. and pieces are often lent to museums. J.B. 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