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Category Archives: Art Valuation

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High-Profile Swiss Art Broker And Businessman Arrested For Alleged Manipulation Of Prices On Art Market In Global Investigation

Posted in Art Valuation, Litigation Issues

As recently reported here, Yves Bouvier, the high-profile Swiss art broker and businessman, who is head of an international art shipping and storage business, was arrested last week in Monaco in connection with alleged fraud relating to works of art.  The investigation that led to Bouvier’s arrest is believed to have centered on the inflation… Continue Reading

Sotheby’s Caravaggio Controversy – Sotheby’s Specialists Prevail

Posted in Art Valuation, Litigation Issues

Sotheby’s UK prevailed recently in a court dispute over an Old Master attribution. At the heart of the dispute was a painting entitled The Cardsharps, which Sotheby’s attributed to a follower of Michelangelo Merisi da Caravaggio (1571-1610) and sold for £42,000 in 2006 on behalf of consignor, Lancelot Thwaytes. Following the 2006 sale, it was… Continue Reading

Picasso’s Granddaughter Privately Selling Art to Finance Philanthropic Projects

Posted in Art Valuation

Marina Picasso, who inherited nearly 10,000 works of art created by Pablo Picasso – including paintings, ceramics, drawings, etchings and sculptures – is bypassing dealers and auction houses to sell the art to “finance and broaden her philanthropy.” The New York Times recently reported that Ms. Picasso “has been regularly selling her grandfather’s works for… Continue Reading

Cézanne Painting Resurfaces On The Art Market For First Time Since 1936

Posted in Art Valuation

As recently reported by ArtNews, renowned Post-Impressionist French painter Paul Cézanne’s Vue sur L’Estaque et Le Château d’If (circa 1883-1885) will be up for auction at Christie’s London at the upcoming Impressionist and modern evening sale on February 4, 2015.  The prized painting’s estimated value is reported to be in the $12.5 million to $18.7 million… Continue Reading

Christie’s Contemporary Art Auction Sets All-Time Record For An Auction

Posted in Art Finance, Art Valuation

Not to be outdone by its rival, Sotheby’s, as reported here, last week Christie’s in New York surpassed its prior record of $745 million set back in May at Christie’s contemporary art auction and brought in the “highest-ever for an auction” at its recent contemporary art auction “grossing $852.9 million across 75 lots.”  Nearly all… Continue Reading

Sotheby’s Fall Impressionist And Modern Auction Is A Success Setting Record High Of $422M In Sales

Posted in Art Finance, Art Valuation

Earlier this week Sotheby’s opened the fall auction season with an impressive record high of $422 million in sales in a single auction for the world’s fourth oldest auction house in continuous operation. As reported here, of the 73 lots up for auction, 15 lots did not sell, hence the average sell-through rate of 79… Continue Reading

Skate’s Releases Inaugural Masterpieces Market Report for Fall 2014

Posted in Art Finance, Art Valuation

This week Skate’s LLC, often referred to as one of the world’s leading art investment firms, released its inaugural Masterpieces Market Report for the third quarter of 2014.  If you haven’t already noticed from my previous posts on Skate’s publications, I am a frequent reader and admirer of Skate’s various reports, which I personally find… Continue Reading

Esteemed 20th Century Private Art Collection Expected To Fetch In Excess Of $85 Million At Sotheby’s Fall Auctions

Posted in Art Valuation

In a recent announcement by Sotheby’s earlier this week, a significant collection of modern and contemporary art compiled by two of the 20th century’s most renowned collectors is expected to generate in excess of $85 million in sales during Sotheby’s upcoming contemporary and modern art auctions next month. As recently reported here, some of the prized… Continue Reading

A Unique Blend Of Artist Collective And Hedge Fund To Benefit Artists From Around The World

Posted in Art Finance, Art Valuation

A fascinating article on Bloomberg.com recently highlighted the globally based Artist Pension Trust (APT), which is claimed to hold the largest global collection of contemporary art, including 10,000 contributed artworks from 2,000 artists in 75 different countries.  APT offers artists a unique blend of artist collective and hedge fund. Launched ten years ago by high-tech… Continue Reading

New Expert Appraisal Reveals That The Detroit Institute Of Arts’ World-Class Collection Could Be Worth In The Multi-Billions

Posted in Art Valuation, Litigation Issues

Having grown up in Michigan as a young child, I fondly recall a number of visits I made to the Detroit Institute of Arts (DIA) as well as to the Toledo Museum of Art (TMA) with my family.  I felt so fortunate to live in relatively close proximity to such two world-class art institutions in the… Continue Reading

New York’s Postwar and Contemporary Art Auctions Raise An Unprecedented $1.6 Billion

Posted in Art Valuation

According to a recent New York Times article, contemporary art is outpacing Impressionist and modern art at the major auction houses. Old Masters and 19th-century painters have “fallen out of fashion with the majority of art buyers”, while postwar and contemporary art generated a combined $1.6 billion at Sotheby’s, Christie’s and Phillips’s recent art auctions.… Continue Reading

Koons and Warhol Art Fetch in the Multi-Millions at Sotheby’s Recent Evening Auction

Posted in Art Valuation

According to this recent report, Andy Warhol’s highly sought after “Six Self Portraits” and Jeff Koons’ shiny and reflective statue of “Popeye” were auctioned off for the first time last Wednesday evening at Sotheby’s in New York.  With a starting bid of $23,000,000, the Warhol work quickly fetched $30,125,000 in three minutes and 15 seconds. … Continue Reading

Skate’s Unveils Its Art Industry Scorecard 2013 in Part 2 of Skate’s Annual Art Investment Report for 2013

Posted in Art Finance, Art Valuation

In Part 2 of Skate’s Annual Art Investment Report for 2013, Skate’s Art Market Research reveals its Art Industry Scorecard 2013, a unique art industry rating created by Skate’s in 2012.  The companies selected for the recently developed rating participate in the art industry either through a significant part of their activities or have an… Continue Reading

Detroit’s DIA Thriving – Attendance Up Since Bankruptcy Filing

Posted in Art Museums, Art Valuation, Litigation Issues

In a previous post, I wondered if attendance was up at the Detroit Institute of Arts (DIA) since news of Detroit’s bankruptcy filing broke. Indeed, according to a recent report, attendance has doubled over the last year with nearly 600,000 visitors coming to the museum to see firsthand the renowned collection. Further, in recent news, the court… Continue Reading

Update – Sotheby’s Fetches $13M USD for Esmerian Collection of Folk Art

Posted in Art Finance, Art Valuation, Litigation Issues

Last month, Sotheby’s sold the art collection of former jeweler to the stars, art collector and former chairman of the Folk Art Museum in New York City, Ralph O. Esmerian.  Fetching $13M USD, the sale has been reported to be the highest for any American folk art collection.  As reported in a previous blog post, Esmerian… Continue Reading

Skate’s Annual Art Investment Report For 2013 Explores Most Significant Trends In Commercial Art World

Posted in Art Valuation

With the much anticipated recent release of Skate’s Annual Art Investment Report for 2013 – Part 1, Skate’s Art Market Research analyzes the art market’s top segment through its proprietary rating, referred to as Skate’s Top 5000, which includes the 5,000 most valuable artworks sold at public auctions throughout the world over the past nearly… Continue Reading


Posted in Art Valuation

The Detroit Institute of Arts (DIA) has pledged to contribute $100 million towards a fund established by private foundations and the state of Michigan for the safeguarding of the DIA’s art collection and city pension funds.   The goal of the fund is to reach a settlement with pensioners and avoid protracted litigation.  As a key part of… Continue Reading

Christie’s Fall Art Auction Sale of Francis Bacon Painting Sets World Record

Posted in Art Valuation

As recently reported in this article, earlier this week at Christie’s Postwar and Contemporary Art sale in New York, a 1969 painting by Francis Bacon entitled “Three Studies of Lucian Freud” fetched $142.4 million.  This week’s sale of the Bacon painting sets a new world record for most expensive artwork ever sold at auction.  Edvard… Continue Reading

Austrian Restitution Law Opens the Door to Return of Valuable Gustav Klimt Work

Posted in Art Recovery/Theft, Art Valuation, Litigation Issues

In 2009 the restitution laws of Austria were amended to include works of art that were sold to the government at a discount due to an export ban on art.  In a recent case involving a valuable frieze inspired by Beethoven’s Ninth Symphony that was crafted by Gustav Klimt in 1902, a panel of art… Continue Reading

Update – Detroit’s Bankruptcy News and the Future of the DIA’s Art Collection

Posted in Art Valuation, Litigation Issues

As a follow-up to my previous post regarding Detroit, many of you may have heard by now that the city filed for bankruptcy in mid-July.  In recent weeks, there is more controversy over Detroit’s bankruptcy filing, which endangers the renowned art collection housed at the Detroit Institute of Arts (DIA).  The art world has been in a tizzy since news… Continue Reading

Art Insurance Shouldn’t Be Abstract – By Katherine Wood, contributor to the HomeInsurance.com Blog (Guest Blogger)

Posted in Art Valuation

You know how fragile art can be, so make sure you’re properly covered for the extent of your art investment. Potential coverage for fine art differs widely based on the customer. Make sure you’re covered for all foreseeable disasters so your collection of masterpieces doesn’t slip between your fingers. Paint thieves out of the picture… Continue Reading


Posted in Art Finance, Art Valuation

As a supplement to its highly acclaimed publications devoted to the state of the global art market, Skate’s Art Market Research recently launched its latest publication entitled Skate’s Focus. In its selection of the country of Poland, regarded as a “young but innovative and quickly growing art market in central Europe,” for the pilot issue Skate’s… Continue Reading