— A U.S. federal court has ruled that the heirs to one of the largest art collections in Hungary prior to World War II may sue for the reco…
The auctioneer first found the painting after being invited to an estate sale to inspect a signed poster of the 1992 Los Angeles Lakers
Jared Kushner and Ivanka Trump failed to disclose to tax authorities a multimillion-dollar art collection they have amassed since 2009.
The sale exposes the problem at the heart of the art market: Basquiat’s work is good because it is expensive. Why is it expensive? Because it is good
Art is intended to be seen, but it matters exactly where a work of art is seen.
If you are going to make a Female Nude in 2017, it better be in some way new – it is, truly, a worn and bloated genre.
Recently, it was reported that artwork stolen by the Nazis that was slated to go up for auction in Austria despite legal (and moral) claims from the rightful owners. Well, today, it has been reported by Artnet that the “owner” of the painting has withdrawn the work from “just hours before the auction was due to begin.” According to the report, Im Kinsky, the auction house hosting the sale, gave a bit of a non-statement on the withdrawal, saying “The decision came today. It is the right of any owner to withdraw his art object for whatever reason also shortly before an auction. He is not obliged to give an argument and we are not in the position to forward any.” The painting had previously been withdrawn from a French auction because of its status as a looted work, but in Austria, as long as an artwork is purchased “in good faith,” then the sale, and ownership of the work is perfectly legal.
The Schloss family, from whom the work was stolen, has stated that they will accept nothing less than the restitution of the painting.
“This was not a legal case that I wanted to win because it would not be a victory for either of the sides or for the interests of the Jewish people,” said the lawyer for the Israeli owner.
California exhibit showcases Jewish “trailblazing impresario” behind Klee and Kandinsky.