de Vinci
Since the record setting da Vinci sale, rumors and theories about who the buyer was (or buyers were) continue to emerge … everyone wants to get on the bandwagon. Cristina Ruiz and Anna Brady cover some of these rumors and bring up a new one … a double-bind guarantee. There are so many backroom deals going on that only a handful of people are ‘in the know’. Who is bidding on what? Who owns what? Who has guaranteed what? … the questions go on and on. The idea that auction sales are now transparent is a laughable myth.
Source: Was a ‘double-bind guarantee’ behind the $450m Leonardo sale? | The Art Newspaper