Sotheby’s mid-season ‘Contemporary Curated’ live sale, which was held in New York on 26 February, yielded $19.88 million (including fees) – a considerable amount, although less than the equivalent sale last year which brought in $25.7 million.
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New York Governor Kathy Hochul announced last week that she had signed new legislation introduced by Senator Anna Kaplan and Assemblywoman Nily Rozic to ensure younger generations have a greater awareness of the events of the Holocaust. One element of this legislation specifies that museums in New York must “prominently” display a placard on some other type of signage indicating when a work of art was stolen by the Nazis.
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A New York Federal Judge has decided that a marble figure which is owned by hedge fund billionaire Michael Steinhardt and which has spent decades on display at the Metropolitan Museum of Art in New York will not be returned to Turkey. The Turkish government sued for the return of the figure in 2017 however, according to Judge Alison J. Nathan, there is “insufficient evidence” to support Turkey’s claim that it should be returned.
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Sotheby’s have secured a monumental sculpture by Swiss artist Alberto Giacometti for an unconventional “sealed bid” sale. As part of the modern and contemporary art evening sales in New York, the confidential bidding ran from 20-27 October 2020.
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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.
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The Long Island art dealer who sold fake Abstract Expressionist art to New York’s Knoedler Gallery has been handed a get-out-of-jail-free card by a Manhattan judge.
Glafira Rosales was indicted by the US Government in May 2013 on charges of conspiracy, tax fraud and wire fraud from the sale of up to US$60 million (£42 million) worth of fake art to the former Knoedler Gallery. On Tuesday (31 January), District Judge Katherine Polk Failla sentenced Rosales to nine months of home detention as part of a three year supervised release for her involvement in the scheme. Continue reading
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