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The Laughable Myth: Market Transparency

November 30, 2017

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