A 1941 Picasso to be offered at Sotheby’s tomorrow night with a $20 million to $30 million presale estimate was damaged while in the care of New York’s Acquavella Galleries, according to a lawsuit filed by the insurer of its owner, Ted Forstmann.
A painting of a blue-eyed nurse by Richard Prince and an aluminum couch by Marc Newson were among the artworks sold by Halsey Minor that helped the CNET Networks Inc. founder raise $21.1 million to pay his creditors.
James Murdoch, News Corp.’s deputy chief operating officer, is cutting some of his ties to London ahead of a move to New York that was delayed amid a phone- hacking scandal that engulfed the U.K. business.
Marguerite Hoffman , a prominent Dallas art collector, filed suit this week against Mexican financier David Martinez for failing to keep her 2007 sale of a star Mark Rothko painting a secret. The suit stems from the painting’s public sale tonight at Sotheby’s , estimated to fetch as much as $25 million.