US judge rules in favour of the Met concerning a Picasso and allegations of Nazi-era looting

Recently, chief US circuit judge Robert Katzmann upheld a 2018 ruling concerning Pablo Picasso’s The Actor (1904-1905) meaning it will stay in the collection of The Metropolitan Museum of Art. The Actor, now valued at around $100 million, became the subject of a nearly decade-long legal dispute when claims were made that it was sold […]

Germany appeals case over restitution of the Guelph Treasure (worth $275 million) in the US Supreme Court

Returning an artwork that at one time might have been stolen is not a clear-cut process and when you’re dealing with works that were stolen, looted, or simply have a murky provenance during the Nazi era, the process gets even more difficult. This has been the case in an ongoing dispute concerning the Guelph Treasure, […]

Egypt tries to halt the sale of a statue resembling Tutankhamun

On July 4th, a partial bust of Tutankhamun is set to lead ‘The Exceptional Sale’ at Christie’s London; however, Egyptian authorities are trying to halt the auction for fear that the statue was looted from the Karnak temple in Luxor. Dating back to the 13th century BC, the statue, if sold, could go for as […]

Mystery Buyer of Work Attributed to Caravaggio Revealed

The mysterious buyer behind the early 17th-century work billed as a long-lost Caravaggio masterpiece, was revealed to be an American billionaire hedge fund manager and art collector. J. Tomilson Hill, former vice chairman of the private equity firm Blackstone, purchased the work days before it was set to go on auction carrying an estimate of […]

Missing Lewis Chessmen could fetch £1 million at auction

Missing for nearly 200 years, one of the lost Lewis Chessmen had been living in the drawer of an Edinburgh family for years and could now sell for as much as £1 million at auction next week. The family who brought the chess piece to Sotheby’s to have it appraised months ago inherited the little […]

Leading auction house Sotheby’s takes legal hit amidst Rybolovlev-Bouvier battle

Just days after the announcement that Sotheby’s is set to be sold for $3.7 billion to a company owned by French media tycoon Patrick Drahi, the company suffered a bruising legal setback in Manhattan courts. This Tuesday, June 25th, Judge Jesse Furman, of the District Court for the Southern District of New York (SDNY), denied […]

Long-lost Caravaggio saga ends with a mysterious and sudden sale and not a $171m auction

The story of the long-lost Caravaggio painting of Judith Beheading Holofernes (1607), which was discovered in an attic in 2014, just abruptly ended. Expected to fetch as much as $171 million at auction this week, the painting had the entire art world watching. In a last minute move however, Marc Labarbe Auctions in Toulouse, France, […]