Lily Safra News
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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.
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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.
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Billionaire banker Edmond J. Safra and his wife, Lily, lived with regal lavishness before his death in a Monaco fire in 1999.
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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.
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Per Skarstedt is the latest New York dealer to open in London as the city’s existing galleries expand to profit from growing demand.
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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.
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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.
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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.
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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.
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A small band of evaluators is driving the prices for paintings and sculpture as the market rises.
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