Revised artists resale rights bill coming to Washington in January
A revised bill for the Equity for Visual Artists Act will be presented to the Capitol in January. Some anticipated changes to the bill include, a drop in the amount set aside for artists when their works are resold at … More…
Sotheby’s First Mainland China Auction Raises $37 Million
Sotheby’s First Mainland China Auction Raises $37 Million – billed as a success, their first auction topped the expected $20.2M. A 1958 abstract painting by Zao Wou-Ki brought a record $14.7M (about 40% of the sale’s total take). The Zao was … More…
‘Exquisite’ Rothschild Prayerbook set to fetch over $12m
‘Exquisite’ Rothschild Prayerbook set to fetch over $12m – a fabulous Book of Hours from 1505 will be offered for sale during the Old Master sales in NYC this January. The book was stolen by the Nazis from the Rothschild and … More…
Sotheby’s Holds First China Sale with Rembrandt, Picasso
Sotheby’s Holds First China Sale with Rembrandt, Picasso – they just keep on pushing. There seems to be no end to the sales in China now and with all the money flowing into art, the auction rooms are going to get … More…
Chinese Buyers Push Christie’s Auction to $493 Million
Chinese Buyers Push Christie’s Auction to $493 Million – and the market in China is still sizzling hot. The six day sale was expected to bring in about HK$2 billion and ended up totaling HK$3.82 billion. Included were recording-breaking price for … More…
Vienna museum reaches settlement with ousted director
A settlement has finally been reached for one of Austria’s largest cultural scandals. Former director Peter Noever, was accused of grossly mismanaging the museum funds,large travel expenses, manipulated the museums attendance figures and displayed carelessness in storing the museum collection. … More…
Comments on the Art Market – Volume 156 is now AVAILABLE
Newsletter Archives. Volume 156 of our Comments on the Art Market was sent out early this morning. Included are stories about: Rehs Contemporary Galleries entry into the Amazon market, Stocks, Really!? (some interesting general auction results), and the New York … More…