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.
A four-month labor dispute at Sotheby’s has brought out actress Susan Sarandon and hundreds of Occupy Wall Street protesters on an issue that comes down to who gets to haul the Chippendales and Picassos.
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.
A purple Andy Warhol portrait of himself looking wild-haired and gaunt fetched $32.6 million at a New York auction last night, twice the work’s presale estimate, as buyers sought rare art amid financial-market volatility.
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.