A Billionaire is suing his art dealer in Switzerland for allegedly marking up the prices of art and pocketing the extra

 July 10, 2018

“The collector says he was inspired to sue after discovering the ongoing legal dispute between Dmitry Rybolovlev and Yves Bouvier.” – reports artnet News. An unnamed Russian billionaire and his son have launched a lawsuit against their art dealer, who helped them build a collection worth an estimated CHF 600 million ($607 million). The family […]

David Rockefeller’s Picasso sold for $115 Million to the Monaco rooted family

 May 14, 2018

“The work will go on view in Paris in September.” – reported by artnet News Pablo Picasso’s Young Girl With Basket of Flowers (1905), which sold at Christie’s last week for $115 million as part of the Rockefeller family’s record-setting estate sale, will go on loan to Paris’s Musee d’Orsay for a Picasso exhibition opening […]

Betting on Asian Collectors’ Appetite for Western Art, Sotheby’s Organizes a $200 Million Selling Exhibition in Hong Kong

 March 22, 2018

“Four Picassos in the sale have come directly from the artist’s granddaughter.” – reports artnet News Sotheby’s is doubling down on Hong Kong this season in an effort to capitalize on wealthy Asian collectors’ growing appetite for Western art. The auction house has announced a private selling exhibition titled “Panorama: A New Perspective,” which will […]

Picasso’s Electrician Was Convicted of Stealing His Art—But Now a Court Says There’s Insufficient Proof

 March 02, 2018

Pierre Le Guennec’s lawyer says a retrial will offer the chance to “finally establish the truth.” – artnet News reports. France’s Supreme Court has overturned the conviction of Pablo Picasso‘s former electrician and his wife, who had been given two-year suspended jail sentences in 2015 after 271 works by the artist were found stashed in […]

A Late Picasso ‘Musketeer’ Leads a Healthy $206 Million Impressionist & Modern Sale at Christie’s London

 February 28, 2018

Picasso’s painting of a musketeer with a nude woman sold for £13.7 million. On a chilly, snow-spattered evening, Christie’s kicked off a fortnight of auctions in London that are expected to collectively generate as much as £782 million ($1.1 billion). If achieved, it will be a record for a series of Impressionist and Modern and […]

Picasso’s Stepdaughter Is Opening a Museum That Will House the Largest-Ever Collection of the Artist’s Works

 February 11, 2018

The museum will be built in a former convent in the South of France and is expected to open in 2021. Catherine Hutin-Blay, the only daughter of Pablo Picasso‘s second wife Jacqueline Roque, is opening a museum in the South of France to house her extensive Picasso collection. Hutin-Blay, now 70, owns the world’s largest collection of […]

The Met Can Keep a Picasso Masterpiece Sold by Jews Fleeing the Nazis, a Court Rules

 February 08, 2018

“The judge expressed sympathy for the plaintiff but sided with the museum.” – artnet News reports A Pablo Picasso masterpiece will stay at New York’s Metropolitan Museum of Art after a federal judge ruled on Wednesday against a family who claimed their ancestors were forced to sell The Actor (1904–05) in order to flee Nazi-occupied Europe. Jewish collectors Paul and […]

Asian and Russian Buyers—And a Pair of Record Chagalls—Powers Sotheby’s Solid $269.7 Million Impressionist Sale

 November 14, 2017

The atmosphere was far from electric, but the sale had some highs. “You’re not going to get another Chagall this big, I don’t think,” quipped auctioneer Helena Newman on Tuesday evening at Sotheby’s sale of Impressionist and Modern art. Newman was coaxing the house’s James Mackie, the head of the department in London, and Patti […]

The inaugural « Monte-Carlo Gala for the Global Ocean »

 September 30, 2017

On Thursday September 28th 2017, the Prince Albert II of Monaco Foundation hosted, on the exclusive Terraces of the Opera of Monte-Carlo, an exceptional Gala from which the 14 million dollars raised, thanks to the generous donators during the evening, will support its initiatives in favor of a sustainable global ocean. Representing more than 70 […]

Monaco’s Justice Minister Resigns After Texts Reveal ‘Vast Influence-Peddling’ in Billion-Dollar Art-Fraud Case

 September 18, 2017

In what the French press is calling “Monaco-gate,” Philippe Narmino, the minister of justice for Monaco, has resigned after French newspaper Le Monde published text messages revealing that he worked on behalf of Russian oligarch Dmitry Rybolovlev to influence a billion-dollar art-fraud case. Narmino, 64, reportedly decided to take “early retirement” just hours after Le Monde posted […]

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