Lehman Brothers Art Work Under the Hammer

Artwork from the European branches of the collapsed US investment bank Lehman Brothers will go under the hammer in London next month in a two-million-pound auction, administrators said Sunday. Works by Lucian Freud and Gary Hume will figure at the sale at Christie’s auction house on September 29, which comes two years after the bank’s … Continued

Louis Vuitton Vintage Pieces at Christie’s

On September 28th Christie’s in London will offer an incredible collection of vintage Louis Vuitton luggage during its Interiors: Style & Spirit sale. Over 20 original pieces from the famed French luxury goods house dating from the late 19th century to the 1940s will go on the block.

Princess Diana’s family sells Rubens painting

Princess Diana’s family has sold an important Old Master painting by Peter Paul Rubens for nine million pounds at auction. “A Commander Being Armed For Battle”, which is thought to depict the 16th-century Holy Roman Emperor, Charles V, was sold to an anonymous bidder at Christie’s auction house in London on Tuesday. The painting, completed … Continued

Wall Street sign sells for $116.5K at auction

A porcelain sign that once marked the intersection of Wall and Broad streets fetched $116,500 at Christie’s in Manhattan yesterday. The seller, Kevin Lessin, bought the vintage sign about 25 years ago from a dealer liquidating the estate of a collector of New York memorabilia. The sign consists of two enamel plaques set crosswise, with … Continued

Modigliani sculpture sets records in Paris

A sculpted stone head by artist Amedeo Modigliani sold at Christie’s in Paris on Monday for euro 43.2 million, breaking the record for a work by the Italian artist. The sculpture dated from between 1910 and 1912 and had been estimated at between four and six million euros. “It’s a record for a work by … Continued

Raza sets record for Indian modern art in London

A painting by leading Indian artist Syed Haider Raza sold for almost 2.4 million pounds in London on Thursday, setting a record for a modern Indian work. “Saurashtra”, dated 1983, was estimated to fetch between 1.3 and 1.8 million pounds, but finally sold for 2,393,250 pounds including buyers’ premium. The painting belonged to a key … Continued

Monet lilies to star in ‘most valuable’ art auction

A painting of water lilies by French impressionist Claude Monet is expected to fetch up to 40 million pounds when it is auctioned off in London. The painting, will star among dozens of modern masterpieces this month in what is being billed as the most valuable art auction ever held in the city. Painted in … Continued

Churchill’s cigar under hammer in London

A huge collection of diaries, letters and even a pristine cigar belonging to Winston Churchill was up for auction in London Wednesday. The sale, which is expected to raise around one million pounds, is being billed by Christie’s as part of the most important private Churchill collection in the world. It features his engagement diary … Continued

Picasso piece sets record for art sold at auction

A 1932 Pablo Picasso painting of his mistress has sold for $106.5 million, a world record price for any work of art at auction. “Nude, Green Leaves and Bust,” which had a pre-sale estimate of between $70 million and $90 million, was sold at Christie’s auction house on Tuesday evening to an unidentified telephone bidder. … Continued

Chinese interest rules the auction world

In a bold recognition of the world’s fastest-growing auction market, Sotheby’s recently hoisted China‘s flag at the most conspicuous spot outside its New York headquarters. The flag now flies between those of the US, UK, France, and Switzerland, where the auction house has established its core client base. “We proposed it. To my great surprise, … Continued

Christie’s sued in counterfeit wine case

A Palm Beach billionaire has uncorked a suit charging Christie’s auction house is in cahoots with counterfeit wine sellers. William Koch is still steaming about four bottles of wine supposedly owned by Thomas Jefferson that he bought for more than $300,000, which allegedly turned out to be fakes. He’s already sued the seller – and … Continued

Record estimate for disputed Picasso painting

A Picasso painting owned by Andrew Lloyd Webber’s Art Foundation, which was at the centre of a dispute about its Nazi-era history, is to go under the hammer. Lloyd Webber — composer of musicals like “Cats” — originally announced his intention to sell “Portrait of Angel Fernandez de Soto” for charity in 2006. It was … Continued

Unseen Picasso masterpiece sells for £8m

A Picasso masterpiece unseen in public for 43 years fetched more than twice its expected price at auction – going for £8.1million at last night’s Christie’s sale. Tete de Femme (Jacqueline), a 1963 portrait of the artist’s second wife, had not been seen in public since 1967 and was expected to fetch £4million. Jacqueline had … Continued

Christie’s Plans Website For Gucci Collectors

Gucci has always been vigilant to crack down on counterfeiting and trademark infringement, but now they’re taking a new angle on brand protection. On January 18, 2010, Gucci and Christie’s will launch “Gucci Collector: Presented by Christie’s”— the very first Gucci-certified online destination for authenticating and appraising vintage Gucci products. A dedicated section on www.christies.com … Continued

George Washington letter sells for $3.2M

A letter penned by George Washington praising the new Constitution sold for $3.2 million at an auction, the highest price for a letter by America’s first president. The four-page letter was written in 1787 to the president’s nephew, Bushrod Washington, and urges adoption of the country’s new constitution. Last year, a 1864 letter in which … Continued

Carla Bruni’s childhood castle for sale

Castello de Castagneto Po, the childhood home of French first lady Carla Bruni-Sarkozy is up on the market again, and with 40 rooms and 175 acres of lavish landscape, this is one fairy tale home.

Rarely seen Rembrandt to be auctioned

A Rembrandt masterpiece is expected to fetch up to £25 million ($41 million) when it goes under the hammer at Christie’s on December 8, 2009. The painting could break the record price for a Rembrandt, which currently stands at £19,800,000 paid for Portrait Of A Lady Aged 62, in December 2003. The painting, titled “Portrait … Continued

Christie’s to Open Storage Warehouse in Brooklyn

The famed art auctioneer has signed a lease for 235,000 square feet of warehouse space in Brooklyn. Christie’s will store fine art in the waterfront building. Christie’s expects to occupy the six-story warehouse building early next year, according to a company spokeswoman. The company would not say how much it paid for the space, but … Continued

Second Yves Saint Laurent art sale

A second group of artworks from the collection of the late fashion designer Yves Saint Laurent and his partner Pierre Berge is expected to fetch up to 4 million euros ($5.7 million) when it appears for sale in November. Christie’s International’s YSL Part II sale, held in collaboration with Pierre Berge, will take place at … Continued

Rare vivid pink diamond could break sale record

A five-carat cushion-cut pink diamond known as “The Vivid Pink” is set to lead Christie’s Hong Kong sale this fall. According to a media release, the Vivid Pink is the largest potentially flawless fancy-vivid-pink diamond ever offered for sale at auction. Property of a private collector and set in a ring by renowned jeweler Laurence … Continued