Distress Sale: Financier sends $40 million worth of art to auction

  • October 21, 2009 17:34

  • Email
Picasso

A collection of 39 major modern and Impressionist artworks, including paintings by Monet, de Chirico, Degas and Picasso, will be offered by Dutch financier Louis Reijtenbagh, who resolved three legal claims earlier this year. The works will be auctioned in New York on Nov. 4 and 5 and may fetch about $40 million, according to host Sotheby’s. “It seems like it’s one of the first group of pictures appearing at auction as a distress sale” since the financial crisis took hold, said private New York dealer Franck Giraud.

Read more at Bloomberg


  • Email

More News Feed Headlines

Guo Pei, Legend of the Dragon, Autumn/Winter 2012, Silk; embroidered with metallic threads, sequins, embellished with Swarovski crystals, rhinestones, metal wire, 70.86 x 62.99 x 39.37 in.  Copyright © Guo Pei / Asian Couture Federation.  Photograph by Lian Xu.  All rights reserved.  Image provided courtesy of the Fine Arts Museums of San Francisco

'Guo Pei: Couture Fantasy' to Explore Extraordinary Fashion Displayed in European Art Galleries at San Francisco's Legion of Honor

  • ArtfixDaily / December 2nd, 2021

Through exquisite craftsmanship, lavish embroidery, and unconventional dressmaking techniques, designer Guo Pei ...

Read More...
Claude Monet, Bassin aux nympheas, les rosiers.  Oil on canvas.  1913.  73 x 100 cm.  Sold for $24.1 million.

Monet Brings $24 Million at Beijing Sale, Topping Record for Western Artwork in China; Records Fall in Christie's $192 Million Hong Kong Sales

  • The Art Newspaper / December 2nd, 2021

At China Guardian’s evening sales in Beijing on Sunday, Claude Monet’s Bassin aux nympheas, les ...

Read More...
Philanthropist Jacqueline Avant with her husband Clarence Avant, the influential music producer.

Jacqueline Avant, Philanthropist and Noted Collector of Japanese Art, Is Fatally Shot in Her Home

  • New York Times / December 2nd, 2021

Jacqueline Avant, 81, was fatally shot in her Beverly Hills, Calif., home early on Wednesday. A suspect in the home ...

Read More...
Vermeil Room, White House, "Gift of the Visual Arts," 2021 Holiday Decorations

Alma Thomas Painting Features in The White House Bedecked for 2021 Holidays

  • See photos of 2021 White House Holiday Decorations / December 1st, 2021

First Lady Jill Biden unveiled the 2021 White House holiday decorations on Monday with the theme, “Gifts from the ...

Read More...

ARTFIXdaily Artwire