Banksy’s tribute painting to the NHS has sold at auction for a staggering £16.8 million with premium. The UK health service will receive almost all the money from Christie’s charitable sale, which set a new auction record for the anonymous graffiti artist.Continue reading
New York’s Everson Museum is selling its only Jackson Pollock (1912-1956) painting to fund efforts to diversify the collection. Painted in 1946, ‘Red Composition’ is expected to fetch between $12 million and $18 million (£9 million – £13.5 million) at Christie’s upcoming 20th Century Art auction in New York.Continue reading
It could be the most valuable single-owner art collection ever sold at auction. Before it goes under the hammer, Londoners will have a chance to ogle the collection of Peggy and David Rockefeller when it goes on display at Christie’s in St James’s from 21 February – 8 March 2018. Continue reading
The ruling from the Versailles Court of Appeal marked the culmination of an eight-year legal battle between Christie’s auction house and two French associations of antique dealers and galleries. The battle began when the Syndicat National des antiquaires (SNA) and the Comité des galeries d’art sued Christie’s for unfair competition and abuse of its position. Christie’s had insisted that buyers pay artist’s royalties for works sold during an Yves Saint Laurent-Pierre Bergé sale in 2009. Continue reading
A Malaysian financier purchased multimillionaire dollar art works including two paintings by Claude Monet using funds stolen from a government investment fund, artnet news reports.
According to documents released by the US Department of Justice, hundreds of millions of dollars were transferred from Jho Low’s 1Malaysia Development Bhd (1MDB) fund to a personal account named “Tanore”. Continue reading
A painting from a valuable collection seized during World War II has been restituted to its French Jewish heirs, the New York Times reports.
“A Regatta on the Grand Canal,” by the 18th century Italian artist Vincenzo Chilone was discovered when its Italian owners decided to sell it this year. Continue reading