Art Dealing

‘Lady with a Fan’ was the artist’s last portrait. It was found sitting on the easel of his studio after he died. ‘Lady with a Fan’ was the artist’s last portrait. It was found sitting on the easel of his studio after he died. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

A portrait by British painter Francis Bacon will be publicly listed this summer, giving investors the ability to buy and sell shares in an artwork on a stock exchange for the first time. A portrait by British painter Francis Bacon will be publicly listed this summer, giving investors the ability to buy and sell shares in an artwork on a stock exchange for the first time. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

After $1 billion in art sales in less than a week, cracks show during Christie’s sale. After $1 billion in art sales in less than a week, cracks show during Christie’s sale. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not…

The art market is starting to look like a painting that has too much of the action crammed into one corner. Artworks worth an estimated $67.8 billion were sold globally in 2022, according to a report this week from art-show organizer Art Basel and UBS. Although the industry had already made a full recovery from the pandemic by 2021, it seems to be cooling. Last year’s 3% growth was lower than expected. Sales were split…

The painting was recently restituted to the heirs of a German-Jewish family who sold their art collection under Nazi persecution. Photo: Justin Tallis/Agence France-Presse/Getty Images…

The estate of publishing magnate Samuel Irving Newhouse Jr. took note last fall when collectors clamored after Microsoft co-founder Paul Allen’s $1.6 billion record-setting estate sale. Heartened by the art market’s resilience, the publisher’s family said Tuesday it plans to follow suit—auctioning off more of Mr. Newhouse’s own trove this spring. The move marks the third time the Newhouse estate has plied his pieces into sales since he died six years ago at age 89—a trickling strategy that contrasts…

Powerhouse gallery Gagosian has formed an advisory board of directors from the ranks of the art world’s elite, a move that signals long-term planning in an industry where galleries rarely outlive their impresario founders. The gallery’s 77-year-old founder, Larry Gagosian, said Wednesday that he’s not retiring anytime soon, but he wants to do whatever he can to give his company a fighting chance in the long run—and creating a board could help, he said. The 20-member board he formed earlier this year will advise him on…

A foundation for CBS founder William Paley has started selling off a trove of masterpieces long lent to New York’s Museum of Modern Art to fund an expansion of the museum’s digital footprint—including a Pablo Picasso that sold Monday for $37.1 million. The sale at Sotheby’s landed a week after Christie’s made auction history selling Microsoft co-founder Paul Allen’s $1.5 billion art estate. While Mr. Allen’s art stirred up a…

Microsoft co-founder Paul Allen’s estate made auction history on Wednesday when a group of 60 artworks from his estate sold for $1.5 billion, smashing the record for priciest collection ever sold at auction.Lush landscapes and rare examples by artists like Paul Cézanne, Georges Seurat, Sandro Botticelli and Jasper Johns anchored a sale at Christie’s in New York that reaffirmed the depth of the trophy-hunting art market at a time of broader economic uncertainty.…

Boutique auctioneer Phillips sold a 16-foot-wide, red-and-peach painting by Jean-Michel Basquiat for $85 million in New York on Wednesday.  Japanese billionaire Yusaku Maezawa put the untitled 1982 painting up for sale, and an Asian telephone bidder represented by a Phillips representative based in Taipei won it after a four-minute competition. The sale didn’t break the $110.5 million record for a Basquiat, held by an untitled blue work from 1982 that Mr.…