A ruby and diamond ring sold for a record $6.6 million last night at a charity auction of jewels owned by the Brazilian-born billionaire Lily Safra.
The Brazilian-born billionaire Lily Safra is selling a collection of jewels at an auction in Switzerland that’s set to raise more than $20 million for charity.
Billionaire banker Edmond J. Safra and his wife, Lily, lived with regal lavishness before his death in a Monaco fire in 1999.
Lily Safra, widow of Brazilian banker Edmond Safra, has donated Gerhard Richter’s painting “Abstraktes Bild 849-3 (1997)” to the Israel Museum, the Jerusalem-based institution said today in an e-mailed statement.
Per Skarstedt is the latest New York dealer to open in London as the city’s existing galleries expand to profit from growing demand.
Mark Rothko, Gerhard Richter and Francis Bacon paintings will boost auctions this month that may raise more than $611 million as sellers are spurred by rising prices for museum-quality works.
A Francis Bacon portrait of a naked model sprawled on a bed and a Gerhard Richter abstract last night boosted a 80.6 million pound ($126.5 million) auction as contemporary artworks drew multiple bids.
Investors are being invited to join a European-based group that plans to buy about $80 million worth of art and forecasts annual returns of 12 percent.
Six paintings by Gerhard Richter sold last night at auction for a total of almost $30 million, confirming his status as the most bankable living artist, dealers said.
A small band of evaluators is driving the prices for paintings and sculpture as the market rises.
"Bringing together works of art to create beautiful collections has been one of the passions of my life, one that I shared with my husband, Edmond."
- Lily Safra on Oct 17, 2011