The Tax Implications From The Basquiat Sale
I am sure this is a problem most of us would love to be facing … a profit of $85 million and the taxes we will have to pay. There is a big assumption here: an 2009 estate valuation of $13.5M … More…
Available: Louis Aston Knight’s “A Cottage in the Meadow”
Source: A Cottage in the Meadow – sometimes a painting hits all the right buttons and here is one of them, a beautiful French landscape by Louis Aston Knight (1873-1948). Louis was the son of the American expatriate artist … More…
Dealer Perry Rubenstein cuts plea bargain
We reported on this case last year and now it seems that disgraced art dealer Perry Rubenstein has taken responsibility for his dishonest acts. While this wasn’t a violent crime, I am still wondering if 180 days in a … More…
Antique clock worth $425K stolen from Chicago Show
Word spread quickly across the exhibition floor that someone, or some persons, made off with an antique clock from one of the exhibitors at the show we attended this past weekend. The item, valued at $425,000, was in a display case in … More…
The Young & The Worth….
We are big supporters of young artists and have put our money where our mouth is; however, these graduating artists are a pretty risky ‘investment’ (if you must use that word). While a few might make it big, I would bet that … More…
Basquiat Takes The Lead
It did not take long for the name of the $110M buyer to surface … Japanese billionaire Yusaku Maezawa. He posted a picture of himself with the painting on Instagram shortly after the sale. It now appears that Basquiat is the … More…
Post-War and Contemporary — Nice Job!
Many may have thought that yesterday’s stock market’s drop of over 370 points would have a chilling effect on the art market; however, last night’s sale of Postwar and Contemporary art at Christie’s proved that those with money still believe in … More…
Bidders move fast for Modern sculptures at Sotheby’s New York
Another “test” of the art market took place last night. I say “test” because I do not believe that these specific sales can really give you a complete understanding of the art market’s health. All they tell you is … were … More…
Working With A Blank Canvas – We Call It…
We are in Chicago, getting ready to setup for the upcoming exhibition. Sometimes it is nice to start with a really blank canvas (we will post some after shots later today or tomorrow). You know, if this were a Contemporary … More…
Last Night’s Sale of Impressionist & Modern Works
Since I am in Chicago, I was only able to watch the sale online and while it did take a long time for some lots to sell, there appeared to be serious competition for a few of them. What this particular sale says … More…
