Francis Bacon self-portraits rediscovered and expected to fetch £30m
Sotheby’s has set a £30 million estimate for a set of self-portrait paintings by Francis Bacon to be auctioned off in July. The works were bought by a private collector around 40 years ago and have never been seen by the … More…
Tax Break Used by Investors in Flipping Art Faces Scrutiny (Like-kind exchanges)
Like-kind exchanges (or 1031) has been used in the real estate market for decades and more recently in the art market. Basically, these exchanges allow the ‘investor’ to delay paying the 28% capital gains tax on art, stamps, collectibles, etc. … More…
‘Richard Estes: Painting New York City’ at the Museum of Arts and Design
This is the first retrospective for one of the masters of Photorealism in a New York museum. The exhibit features 40 paintings and works on paper dating from the late 1960s through 2014 and is on view until September 20 … so … More…
Auctionata continues massive staff cuts
Following up on a post from this past Tuesday regarding online art sales… It looks like it’s not all sunshine and rainbows. Auctionata, an online auction platform, just cut 30 of their 60 employees in New York! Let’s not forget just … More…
Painting of the Day (AVAILABLE): Edouard Cortes’ “Place Pigalle”
Place Pigalle. Here is a classic Edouard Cortes (1882-1969) that we just added to our available online inventory. Place Pigalle is a public square in the 9th arrondissement of Paris and became a haven for artist’s studios at the end … More…
Sonia Delaunay, Tate Modern
Sonia (along with her husband Robert) was just listed among the top 15 influential couples in the history of art and this current exhibition give people a glimpse as to why. The EY Exhibition: Sonia Delaunay runs through August 9 at the … More…
Painting of the Day (SOLD archives): Louis Aston Knight’s “The End of the Village”
The End of the Village. Here is a very nice example of Louis Aston Knight’s work that we sold a number of years ago. This particular painting shows why he became famous for his ability to paint water and … More…
Reviving Giacometti’s Legacy
The new Institut Giacometti, founded in 2003, will open to the public late next year. In addition, they will publish the first catalogue raisonné and begin lending to exhibitions around the world. Its collection consists of 250 sculptures, 90 plus paintings … More…
What is driving force behind growing online art sales?
An interesting report was just published breaking down the driving force behind online art sales. According to Hiscox fine art insurers, an astounding 75% of new buyers say they buy art for the investment potential. Most notably, Robert Read, the … More…