Leading lights  -  Collectors

A tale of Winston Churchill, Franklin D. Roosevelt and Angelina Jolie

What do Angelina Jolie, Winston Churchill, and Franklin D. Roosevelt have in common? To the surprise of many, the answer is a painting. The actor, director and philanthropist is now selling the only painting created by British Prime Minister Winston Churchill during the second world war, and the work is expected to fetch up to […]

Botticelli painting fetches record $92m at auction

One of the greatest portraits ever painted by Renaissance artist Sandro Botticelli sold on January 28 at Sotheby’s New York for a record $92.2 million. In a sale that marked the first major auction of the year, Botticelli’s “Young Man Holding a Roundel” saw competitive transatlantic bidding between representatives in New York and London, with […]

How Sanyu, the Chinese-French Modernist, became a market sensation

At an evening sale hosted by Sotheby’s Hong Kong this past July, the late Chinese-French artist Sanyu made headlines. His 1950’s masterpiece Quatre Nus sold for HK$258.3 million (€28.6 million), making it the second most valuable work by the artist to sell at auction. It trails behind Cinq nus (1950-59), which sold last year at Christie’s for a […]

Go bananas: Maurizio Cattelan’s “Comedian” gifted to the Guggenheim

Art isn’t always bowls of apples, pears, and grapes, sometimes, it’s a banana, and sometimes it’s a banana that’s made its way into the Guggenheim’s collection. Of course, we’re talking about the banana that made headlines last year at Art Basel Miami Beach as part of an installation by Maurizio Cattelan. The work, titled Comedian, […]

Promise not to flip! Buyers of works from Christie’s latest exhibition must pledge not to resell them for at least 5 years

Earlier this year, a painting by Amoako Boafo sold (read: flipped), at Phillips in London for $881,432 — over 10 times its estimate, and more than 3,000 percent what the seller had originally paid for it less than a year earlier.  As often the case with speculating and flipping works, the artist did not see […]

Inigo Philbrick’s arrest, explained

Inigo Philbrick, the mysterious, shady, young and handsome contemporary art dealer, who disappeared in October last year after being accused of defrauding clients of over $20 million dollars, was arrested last week on the Pacific Island of Vanuatu. The FBI released a statement announcing his arrest and detailing next steps. Philbrick will be transported to […]

Steve Wynn pays $105 million for 2 Picasso works

Casino magnate and billionaire Steve Wynn has reportedly paid around $105 million for a pair of Picasso paintings from the Donald Marron collection, reported the Wall Street Journal. The sale marked the first high-profile purchase made from the Marron estate, which made headlines last week when three mega galleries, Pace, Gagosian and Acquavella, announced that […]