Next month, Christie’s will sell a watercolour on paper landscape scene by Vincent Van Gogh with an estimate of $20-30 million. Christie’s played a pivotal role in facilitating the negotiations of this sale, which involves three different parties. Two are the descendants of Jewish collectors who previously owned the work during the Nazi era and sold the watercolour under duress, and the other is the heirs of the most recent owner, Texas businessman Edwin Cox (1921-2020).
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An eighteenth-century drawing by the Venetian master Giovanni Battista Tiepolo (1696-1770) is heading to auction after it was discovered in a loft.
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An infamous Banksy artwork which shredded itself at a previous auction has sold for a whopping £16 million (£18.5 million including a buyer’s premium) at Sotheby’s in London. It sets a new auction record for the street artist, who rose to fame in the 1990’s through his satirical graffiti art.
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An engineer-turned-micro artist from Bournemouth has recently sold six miniature versions of famous paintings for a collective sum of £90,000. David A Lindon’s copies measure a miniscule 0.4 by 0.5mm, small enough to fit into the eye of a needle.
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A controversial new public art installation has finally been unveiled at the River Ness in Inverness, Scotland. Proposed in 2018, the stone-built pier is part of Highland Council’s £758,350 River Connections Public Art Programme.
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A collection of rare drawings and paintings by legendary boxer Muhammad Ali (1942-2016) has sold for a knockout $945,524 (£693,788) at Bonhams in New York. Ali’s fruitful art career surprised many after he passed away five years ago from a long battle with Parkinson’s disease.
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The Swiss company Art Recognition has carried out AI analysis on Rubens’s Samson and Delilah at the National Gallery of London. The result suggests there is a 91.78 percent probability the painting is by another hand.
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Amir Soleymani, a computer programmer and art collector, is suing the digital art site Nifty Gateway for allegedly changing the terms of an auction moments before it started. The auction sold a non-fungible token (NFT) called ‘Abundance’ by the digital artist Beeple, whose work recently set a new auction record at auction earlier this year.
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Danish artist Jens Haaning has unexpectedly delivered several empty frames to an exhibition as a protest against low pay and modern-day capitalism. He brazenly titled the work ‘Take the Money and Run’.
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To ensure you are prepared for the winning bid at an art auction read our summary of the steps you should take and factors to consider.
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