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Category Archives: Art Valuation

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Owner Of Disputed Modigliani Painting Firmly Believes The Work Is Not Nazi Looted Art

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

In recent art world news is a story about a treasured 1918 oil painting by Amedeo Modigliani of a seated chocolate merchant in a hat and tie holding a cane (“Seated Man with a Cane”).  Art dealer and billionaire David Nahmad is principal of the Nahmad holding company (International Art Center) that purchased the work at… Continue Reading

Billionaire’s Vast Private Art Collection To Be Housed In New Paris Museum

Posted in Art Museums, Art Valuation

In recent art world news, it was reported that one of the world’s largest private art collections is to be housed in a new Paris museum in close proximity to the Louvre.  The art collector behind the enormous collection worth $1.4 billion is luxury goods billionaire, François Pinault, who also owns Christie’s auction house. Pinault has… Continue Reading

Long-Lost Painting Discovered In French Attic Is Declared A Caravaggio Valued At $136M

Posted in Art Authentication, Art Valuation

The New York Times recently reported on an intriguing story in which a long-lost painting by Caravaggio was discovered in an attic of a French family who had lived in their home for many generations.  The painting of “Judith Beheading Holofernes” was found by the owner of a house near Toulouse while investigating a water… Continue Reading

Art World Controversy: Authentic Leonardo da Vinci Drawing Or Not?

Posted in Art Authentication, Art Valuation

An intriguing story recently ran in the International New York Times in which it was reported that a drawing known as “La Bella Principessa” owned by Canadian art collector Peter Silverman and purchased for around $20,000 in 2007 may or may not be an authentic long-lost masterpiece by Leonardo da Vinci potentially worth up to… Continue Reading

Modigliani Painting Sells For $170.4 Million At Christie’s Auction

Posted in Art Valuation

As reported by the International New York Times, a painting of a reclining nude woman entitled “Nu Couché” (1917-18) by early-20th-century Italian artist Amedeo Modigliani sold for $170.4 million with fees this past Monday evening at Christie’s well attended “Artist’s Muse” themed auction in New York.  The buyer is businessman Liu Yiqian, who is among China’s most… Continue Reading

Women Artists – Bourgeois’ Monumental Spider Sculpture Could Surpass O’Keeffe’s Record Breaking, Iconic Jimson Weed/White Flower Painting

Posted in Art Valuation

On November 10, 2015, Christie’s will sell Louise Bourgeois’ Spider (1997) at the auction house’s Post-War and Contemporary Sale to be held in New York City.  It has been reported that the sculpture will have an estimate of $25 million to $35 million, which could lead to an even higher hammer price.  As a result,… Continue Reading

Experts Believe 19th-Century Painting Estimated At $800 At Auction Could Be An Authentic Rembrandt

Posted in Art Valuation

I came across an intriguing story reported by Artnet about an artwork described as a 19th-century “Continental School” painting and estimated at around $500 to $800 at auction that soared to a closing bid of $870,000 earlier this week fueling discussion that the competing bidders believed it could be an early Rembrandt.  The artwork eventually… Continue Reading

Inaugural Seattle Art Fair A Success With Tech Industry Boost

Posted in Art Valuation, Current Art Exhibits

After this past weekend’s close of the Seattle Art Fair, the Emerald City has been catapulted into the international art scene having been categorized for so long as a regional art center.  Among the more than 11,000 who attended the Seattle Art Fair, Paul Allen, billionaire co-founder of Microsoft and one of Seattle’s major cultural… Continue Reading

Restituted $39 Million Klimt Painting Sold at Sotheby’s London In June Will Be On Display For A Short Time Next Year

Posted in Art Museums, Art Recovery/Theft, Art Valuation

As recently reported by Artnet, there has been quite a bit of speculation surrounding the buyer’s identity of Austrian artist Gustav Klimt’s painting entitled Portrait of Gertrud Loew-Felsövanyi (1902) sold at Sotheby’s London back in June for $39 million.  Recent credible reports confirm that the buyer is British billionaire businessman Joe Lewis, who came into… Continue Reading

Picasso Painting Sets Record At $179.4 Million For Artwork Sold At Auction At Christie’s

Posted in Art Valuation

As recently reported by the New York Times, the spring art auction season continues in full swing in New York this time at Christie’s where Pablo Picasso’s 1955 painting entitled “Les Femmes d’Alger (Version ‘O’)” fetched $179.4 million (including fees) at the auction house’s “Looking Forward to the Past” sale of artworks from the 20th… Continue Reading

Seller Be Ware – Valuable Banksy Mural Inadvertently Sold For Only $174

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

A valuable Banksy mural entitled the Bomb Damage that appeared on the front door wreckage of a home that was bombed in the Gaza Strip is at the center of an ownership dispute.  According to reports, the work, which depicts Niobe, a Greek goddess who weeps for her dead offspring, was painted by Banksy during… Continue Reading

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