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…
Masterpiece looted by Nazis installed at LA museum
In the LA museum a life-sized painting of St. Catherine of Alexandria— painted in Italy around 1615 by Bernardo Strozzi — now hangs on the wall. After being looted by Nazis in World War II the work was given back … More…
Detroit creditors push court to value art collection: filing
Detroit creditors push court to value art collection: filing – the mess in Detroit continues. The creditors claim that even though the museum had their works valued, they have yet to “test the market value”. With over 66,000 works in … More…