Klimt painting expected to sell for $25 million (Reuters)
Reuters - A landscape painting by Austrian artist Gustav Klimt that had been stolen by the Nazis is expected to fetch more than $25 million when it is sold at auction next month, Sotheby's said on Thursday. View full post on Yahoo! News: Arts
Abstract works expected to fetch $50 million at auction (Reuters)
Reuters - Four paintings by American abstract expressionist artist Clyfford Still will headline Sotheby's contemporary art auction in November, when they are expected to sell for a combined total of more than $50 million. View full post on Yahoo! News: Arts
Warhol painting among $2.8 million Irish bad bank auction (Reuters)
Reuters - Ireland's state-run "bad bank" will auction works of art by the likes of Andy Warhol and Alex Katz after it put global auction house Christies in charge of a 14-painting collection valued at up $2.8 million on Monday. View full post on Yahoo! News: Arts
$20 Million Walmart Gift Makes Crystal Bridges Museum Free for Visitors, Forever (ARTINFO)
ARTINFO - How will Alice Walton's megalithic Crystal Bridges museum attract art aficionados to its scenic (read: backwoods) location of Bentonville, Arkansas? Well, making admission free is one strategy. A newly announced $20 million sponsorship gift from Walmart, a company founded and owned by the Walton family, will pay for all Crystal Bridges visitors, forever. Take that, MoMA and your new $25 ticket price! View full post on Yahoo! News: Arts
The Purloined Warhol?: Missing $30 Million Farrah Fawcett Portrait Discovered on Ryan O’Neal’s Wall… On His Reality Show (ARTINFO)
ARTINFO - Here's some advice: If you're harboring a missing $30 million Warhol in your home, try to take it off the wall before filming an interview for your new reality show. Failure to follow this simple maxim has led a private investigator searching for a Pop Farrah Fawcett portrait straight to actor Ryan O'Neal, the late actress's longtime partner. The missing Warhol silkscreen portrait can be seen hanging above O'Neal's bed in the first episode of "Ryan and Tatum: The O'Neals," a documentary series about the actor and his daughter on the OWN network. View full post on Yahoo! News: Arts
University of Sydney offers Picasso worth $16 million (Reuters)
Reuters - Christie's said on Wednesday that it would offer a Pablo Picasso portrait of his lover Marie-Therese Walter at auction in June on behalf of the University of Sydney. View full post on Yahoo! News: Arts
Warhol’s self-portrait could sell for $40 million (Reuters)
Reuters - An Andy Warhol self-portrait completed shortly before his death is expected to sell for as much as $40 million at auction next month, Christie's said on Wednesday. View full post on Yahoo! News: Arts
Russia launches $470 million private art fund (Reuters)
Reuters - Russia's first major private art fund was launched on Moscow's MICEX stock exchange this week, hoping to attract investors keen for safe if relatively low growth assets. View full post on Yahoo! News: Arts
Warhol bought for $1,600 could fetch $30 million (Reuters)
Reuters - An Andy Warhol self-portrait purchased in 1963 for $1,600 on an installment plan is poised to fetch $30 million or more when it hits the auction block at Christie's in May.
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Sotheby’s sells record $447 million of Asian art (Reuters)
Reuters - Auction giant Sotheby's sold $447 million worth of Asian art, wine, watches and jewelry in its Asian spring sales, in another bullish showing for the Chinese art market despite weak results for a monumental collection of Chinese ceramics.
View full post on Yahoo! News: Arts