ARTFIXdaily News Feed - Breaking News from the Art World

U.S. Adds Chinese Art and Antiques to Proposed 25 Percent Tariff List

Gazette / May 23rd, 2019

As the Trump administration escalates its trade war with China, Chinese art and antiques could be subjected to a 25% import tax along with $200-billion worth of Chinese-made goods in a new 194-page tariff list. Last August, arts industry representatives in Washington successfully removed ...

Record Setting $65 Million Chinese Painting Tops Strong Sale in Hong Kong

CNN / October 1st, 2018

CNN: A painting by the Chinese-French painter Zao Wou-Ki sold for a record 510 million Hong Kong dollars ($65 million) Sunday, leading one of Asia's largest ever art auctions. The artist's abstract work "Juin-Octobre 1985" is now the most expensive painting ever to go under the hammer in Hong ...

Museum Featuring Westervelt CEO Jack Warner's Collection Will Close, and More Art Sold

ArtfixDaily / August 23rd, 2018

The Tuscaloosa Museum of Art in Alabama, housing the renowned collection of 17th-20th century American and Asian fine art, furniture and decorative arts formed by the late Westervelt Company CEO Jack Warner, will close on Aug. 31. In a statement the museum noted: "While The Westervelt Company ...

GQ Investigates the Rise in Chinese Art Thefts Worldwide

GQ / August 19th, 2018

GQ sent writer Alex W. Palmer to investigate the sharp increase in Chinese art heists at museums worldwide. In 2010, there was a brazen break-in at the Swedish royal residence, with the state collection at the Chinese Pavilion raided of antiquities on the grounds of Drottningholm Palace. Not ...

Tariff Plan Could Dampen U.S. Market in Chinese Art

Bloomberg / August 9th, 2018

From Bloomberg: The art world is growing anxious about President Donald Trump’s trade war with China. The administration’s list of $200 billion in goods targeted for duties includes paintings, sculptures, collages, ceramics and historical collectibles, along with antiques older than 100 ...

Chinese Vase Found in Shoebox Fetches $19 Million at Auction

ABC / June 13th, 2018

An 18th-century Chinese vase found in a shoebox in an attic in France has sold for 16.2 million euros ($19.1 million) at auction in Paris, reports Reuters. The vase went for more than 20 times the pre-sale low estimate of 500,000 euros, making it the highest price ever for a single item ...

Museum Sells Chinese Vase from Storage for $14.5 Million

Tulsa World / May 30th, 2018

A museum in Tulsa, Oklahoma, has sold an exquisite vase -- long tucked away in storage -- for a windfall at auction. The piece was made in the early 1700s at the order of the Chinese emperor Qianlong.  The vase was offered in Christie's Hong Kong spring sales series that fetched a ...

Judge Rules for Berkshire Museum Sales of Norman Rockwell, Other Artworks

New York Times / April 6th, 2018

A Massachusetts judge on Thursday gave the final approval for Berkshire Museum's controversial plan to sell artworks from its collections, including a significant Norman Rockwell painting that the artist gifted to the Pittsfield, Mass., institution.  The decision comes after a seven month ...

Man Charged With Stealing Terracotta Warrior's Thumb

New York Times / February 19th, 2018

A Delaware man has been charged with stealing the thumb of a $4.5 million terracotta warrior figure on display at the Franklin Institute in Philadelphia. Michael Rohana was attending a Christmastime ugly sweater party at the museum when he entered the closed-off loan exhibition room, took a ...

Chinese Vase Sells for 10,000 Times Estimate in Swiss Auction

swissinfo / September 24th, 2017

Two bidders competed to send a Chinese vase to a record 5 million Swiss francs in Geneva. The pre-sale estimate for the piece was 500 to 800 Swiss francs. "Including the commission, the vase will cost the Asian buyer CHF6.08 million ($6.1 million)," auctioneer Olivier Fichot told the AFP ...

From Trump Plates to Chippendale Chairs, A Range of Works in Antiques Week 2017

Antiques and the Arts Weekly / January 18th, 2017

Americana collectors and "best of the best" object seekers will head to events during Antiques Week 2017 underway now in New York City. Antiques and the Arts Weekly (aka "The Bee") has published this guide to the week's events, exhibitions, shows, lectures, auctions and more. (The action ...

Chinese Authorities Destroy Fake Terracotta Army at Bogus Attraction

Xinhua / January 17th, 2017

A site with 40 copies of the famed terracotta warriors was demolished by Chinese authorities in a raid on Wednesday, according to reports. Tourists were confused, with one posting an online complaint, when they were duped into visiting the underwhelming, copycat attraction in the Lintong ...

Chinese Company Becomes Major Shareholder in Sotheby's

New York Times / August 1st, 2016

China's Taikang Life Insurance disclosed last Wednesday that it had become Sotheby's biggest shareholder, with a 13.52% stake. Taikang is run by Chinese tycoon Chen Dongsheng, who helped found China Guardian Auction Co. Chen is an established power player in the Chinese art market. He modeled ...

T Magazine Uncovers The Lost Frescoes of Rajasthan

T Magazine - New York Times / May 9th, 2016

In the desert, painted onto once-great — and now, mostly abandoned — houses, is dazzling proof of the Indian state's opulent history. Aatish Taseer writes of this extraordinary past in T Magazine's upcoming May 22 Travel issue:  The pale hard land surrounding Delhi runs west into the ...

Japanese Dealer Arrested for Offering Stolen Antiquity in New York

NY Post / March 22nd, 2016

A second-century sculpture called “Footprints of Buddha,” set to be shown in New York by Japanese antiquities dealer Tatsuzo Kaku, was allegedly stolen in 1989, according to authorities. Kaku was arrested on March 14 at the Mark Hotel on East 77th Street for smuggling in the $1.1 million ...

Gang Members Found Guilty in $79 Million U.K. Museum Thefts

BBC / February 29th, 2016

After a four-year investigation, members of an international organized crime gang have been found guilty in the thefts of artifacts worth up to £57m ($79m). Fourteen men will be sentenced in April for the raids on museums and an auction house in the U.K. Chinese jade and rhino horn were among ...

Man Goes Missing In Search of Art Dealer's Hidden Treasure

Outside / February 2nd, 2016

Santa Fe art and antiques dealer Forrest Fenn, 85, wrote a memoir in 2010 with a mysterious poem containing clues about where he hid a $3 million treasure trove. An estimated 65,000 people have gone searching in the Rocky Mountains for Fenn's 12th-century bronze chest supposedly filled with gold ...

Art Institute of Chicago Receives Its Largest Cash Gift Ever

Chicago Tribune / January 27th, 2016

Massachusetts collector Dorothy Braude Edinburg, who died in Jan. 2015, has donated $35 million in her will to the Art Insitute of Chicago. The gift is earmarked for new art purchases and the final amount of money is yet to be determined. A supporter of the museum for 25 years, Edinburg ...

Chinese Vase Soars Ten Times Above Estimate in UK Auction

itv / December 17th, 2015

A Chinese famille rose vase provoked a bidding battle at the UK auction house Hansons this week. Described as bearing a Qianlong mark and of the period (1736-1795), the ovoid form vase had six telephone bidders pursuing it for seven minutes. An anonymous UK buyer prevailed, sending the lot with ...

Collector Files for Federal Court to Decide Honolulu Museum of Art's Provenance Case

Pcaific Business News / September 13th, 2015

An 80-year-old California art collector facing an $880k lawsuit from the Honolulu Museum of Art has filed for the case to be moved to federal court from 1st Circuit Court. The museum sued Joel Alexander Greene in August over alleged holes in provenance on five Southeast ...