monet-painting-nympheas

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 [...]

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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 [...]

ART-AUCTION-CHRISTIES

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. [...]

kevin-ching

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, [...]

william-koch

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 [...]

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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 [...]

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