Mexican financier David Martinez Guzman is the seller of a 1966 Francis Bacon portrait estimated at 30 million pounds ($49 million) that’s scheduled to be auctioned next month, said two people with knowledge of the matter.
In the 1980s, Pei-Shen Qian, the painter at the center of an $80 million art forgery case, used to set up his easel near Manhattan’s West Fourth Street and hustle.
The priciest segment of the art market surged to record highs in 2013 amid demand from established collectors and wealthy new buyers from emerging- market economies.
An undocumented Mark Rothko painting could fetch as much as $22 million at Christie’s in New York next month as collectors from Moscow to Qatar vie for trophy art.
Sotheby’s has scored two major consignments ahead of the big November art auctions, with a Pablo Picasso and a Mark Rothko that together could sell for as much as $70 million.
A 1951 drip painting by Jackson Pollock sold for $40.4 million at Sotheby’s in New York tonight, setting an auction record for the Abstract Expressionist artist (1912-1956).
A tax exile and his wife sneak back to the U.K. for some time alone at home.
The high-end art market plowed ahead in 2012 as collectors looked for alternatives to the stock market volatility amid the European debt crisis and concerns in the U.S. about a new budget.
New York’s defunct Knoedler Gallery was sued by a Liechtenstein-based family trust, which accused the gallery of selling a forged painting by the late artist Mark Rothko for $5.5 million.
Sotheby’s bounced back from last week’s lackluster sales with its biggest-ever auction, setting records for six artists including Jackson Pollock, Franz Kline and Arshile Gorky.
"that he had strong roots here, that he had history here."
- Mark Rothko on Apr 29, 2013