Swiss Art Mimics Banks by Luring Foreign Millionaires
Swiss Art Mimics Banks by Luring Foreign Millionaires – Even the Swiss are getting into the action. Recent sales of Swiss art have been extremely strong and buyers are coming from across the globe. Just another sign that more money is … More…
Kandinsky Fetches $21.2 Million, Asians Boost Sale Demand
Kandinsky Fetches $21.2 Million, Asians Boost Sale Demand – more on last night’s sale of Impressionist and Modern works. The sale did very well when one considers what was offered. Both auction rooms are having trouble finding really good works so … More…
Impressionist Evening Sale in London
Tonight kicked off the June auction action in London and prices were pretty strong. Top lot was the Kandinsky at £13.5M ($21.2M – est. £12-£16M … it last sold in 2008 for $15M). With just 44 works offered, it was … More…
Michigan AG: DIA art pieces can’t be sold to pay Detroit debt
To follow up on a post from earlier this month, Michigan attorney general, Bill Schuette, has issued a formal opinion stating that the collection in the Detroit Institute of Arts cannot be sold to satisfy city debts or obligations. In … More…
‘Orphaned’ Cézanne watercolour surfaces in Ottawa
Paul Cezanne’s watercolor, Group of Trees, 1890, is just one of over 600 works once held by French dealer and collector Ambroise Vollard. Unfortunately, this work is known to have been looted during the Second World War and now investigators … More…
‘Exceptionally rare’ Picasso etchings give insight ‘inside his mind’
‘Exceptionally rare’ Picasso etchings give insight ‘inside his mind’ – the Vollard Suite, a deluxe edition of 100 pictures, will be sold this week. The set is expected to bring between £1.4 m – £1.8m. Will let you know how it does. … More…
Swiss Magnate Looser Spends Fortune on Art, Gives It Away
Swiss Magnate Looser Spends Fortune on Art, Gives It Away – after spending years earning a small fortune, Hubert Looser, a Zurich entrepreneur, turned his attention to art and built a collection filled with top quality works. His plan is to … More…
Young savers turn to art
Approximately one-third of young people (18-34) have decided purchasing art is more worthwhile than leaving their money in low-interest savings accounts. While this art is considered “affordable,” pieces can still reach prices of a few thousand dollars. A survey by … More…
Antiquities, With a Proven Record, Drive Auction Market
Antiquities, With a Proven Record, Drive Auction Market – an interesting article on the state of the antiquities market and why provenance and dates of ownership are so important. The 1970 Unesco Convention has helped to slow down the trade … More…
Now’s Best Time to Buy Art, Collector Rachofsky Says
Now’s Best Time to Buy Art, Collector Rachofsky Says – interesting little article in which one of the big Contemporary art collectors states that it is still a great time to by art … even admits it is all about the … More…