Schwenke Auctioneers - August Fine Estates Auction - August 28

ARTFIXdaily News Feed - Breaking News from the Art World

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 ...

Art Dealer Robert Ellsworth Left Waitresses a Hefty Tip

NYPost / May 11th, 2015

Renowned Asian art dealer and collector Robert "King of Ming" Ellsworth left two of his favorite waitresses massive tips in his will. Ellsworth, who died at 85 last August after a fall, gave $50,000 each to Maureen Donohue-Peters, 53, and her niece Maureen Barrie, 28. The pair served ...

NYC Prosecutors Seek Custody of $100M in Artifacts

Telegraph / April 16th, 2015

New York City prpsecutors are asking a judge for custody of a trove of 2,622 Hindu and Buddhist treasures plundered from South Asia and seized by U.S. authorities. New York storage facilities were raided from 2012 to 2014 to recover the relics as part of the investigation of art dealer Subhash ...

'Chicken Cup' Buyer Sends Tibetan Thangka to Auction Record

Bloomberg / November 27th, 2014

Chinese billionaire Liu Yiqian dropped HK$348 million ($45 million) on a 15th-century Tibetan tapestry at a Christie’s auction in Hong Kong on Wed. The price surpassed the HK$214 million he paid last spring for a Chengua-era ceramic cup -- a piece called the Chicken Cup in reference to its ...

Family Feud Sends Masterpieces Missing from C.C. Wang Collection of Chinese Art

New York Times / October 19th, 2014

One of the most important collections of Chinese art ever assembled has been the center of a long-running legal battle between family members. Now some of the most historically-significant pieces from the estate of C.C. Wang are missing.

Architect Jean Nouvel Reveals Big Plans for National Art Museum of China

ArtfixDaily / September 22nd, 2014

Spanning 1,399,308 square feet, more than double the size of the Louvre, a new National Art Museum of China (NAMOC) has been conceived by French architect Jean Nouvel.

Detroit Hit With a $4 Billion Proposal for City's Art

New York Times / August 27th, 2014

New York-based Art Capital has offered Detroit a loan of up to $4 billion in a new proposal that leaves the city's museum intact with its art used as collateral.

Florida Collector of Asian Art Sues Ringling Museum

Herald Tribune / July 31st, 2014

A new building at the Ringling museum in Florida might open as scheduled in January 2016 without the $30 million collection meant to go inside.

Chinese Collector Ruffles Feathers After Drinking from "Chicken Cup"

Examiner / July 28th, 2014

When billionaire art collector Liu Yiqian was photographed sipping tea from a $36.6 million cup, he sparked a wave of controversy.

Rijksmuseum Scores Early Landscape of America; $9.5 Million Antique Chest Once Used as TV Stand

ArtfixDaily / July 14th, 2013

The Rijksmuseum has made two major recent acquisitions: one of the earliest known landscapes of America and an important 1640s lacquered chest that had recently been used as a TV stand. The Dutch museum paid $9.5 million, the second highest price ever for...

Diamond, Qianlong Vases Boost $418 Million Hong Kong Auction

ArtfixDaily / May 30th, 2013

Christie's five-day auction in Hong Kong ended with total sales of HK$3.2 billion ($418 million), indicating a renewed uptick in the Asian market. Chinese buyers were back to a more competitive stance, bidding up...

Chinese Bowl Breaks Auction Record Price in Hong Kong

ArtfixDaily / April 9th, 2013

A new world record price was set for a rare red "lotus bowl" from the Chinese emperor Kangxi period of 1662-1722 when it went for $9.5 million at auction in Hong Kong, making it the highest price for any Chinese porcelain from the Kangxi period during the Qing dynasty.

Tacoma Art Museum Auction of Chinese Items Upsets Donors

Seattle Times / March 4th, 2013

Donors to the Tacoma Art Museum have been stung by the auction of Chinese jades and robes gifted to the museum's collection. The Young family gave pieces in the 1970s that the museum has sold off, except for a few remaining items that are now slated for sale.

Feds Raid Manhattan Art Storage Facility for Stolen Goods

New York Post / July 29th, 2012

Federal authorities have seized a haul of Indian antiquities valued at $20 million from the storage facility of an Upper East Side art dealer.

Sotheby's Six-Day Hong Kong Series Raises $411 Million

Businessweek / October 6th, 2011

A week of auctions held by Sotheby's in Hong Kong netted a total of HK$3.2 billion ($411.3 million) with selective buyers competing to record levels for blue-chip art, rare gems, and Chinese ceramics.

Steve Wynn drops $12.8m on vases for Macau resort

Sacramento Bee / July 10th, 2011

Hotel and casino mogul Steve Wynn purchased four 18th-century Chinese porcelain vases at a London auction Thursday night to decorate his new resort in Macau for 8 million pounds ($12.8 million). The four-foot tall decorative vases from the Jiaqing period (1796-1821), with Buddhist and Taoist ...

Imperial Chinese antiques spike London auction results

Bloomberg / May 22nd, 2011

London auction results in mid-May were boosted 180 percent by a growing demand among buyers for Chinese Imperial pieces. A record 58 million pounds ($93.9 million) was achieved in the sale series, almost three times the 20.6 million pounds total last May, according to Bloomberg. Bonhams alone ...

Delinquent, delayed payments stumble Chinese auction market

Newsweek / April 17th, 2011

China has catapulted to the world's largest art auction market, ahead of the U.S. and U.K., with an estimated $8.3 billion in sales, according to Artprice.com. But are mainland buyers slow to pay sellers, or paying at all for their bids? Newsweek takes a look at the rise of the Chinese mainland ...

Islamic art reaches new auction record

Los Angeles Times / April 6th, 2011

Sotheby's in London sold a 16th century illustrated portfolio from the "Shahnameh" ("Book of Kings") of Shah Tahmasp of Persia, for 7.4 million pounds ($12 million) on Wednesday, a new auction record for an Islamic work of art. The leaf comes from the Persian national epic depicting Faridun ...

Record price set for Chinese contemporary art

Bloomberg / April 3rd, 2011

A triptych painted by Zhang Xiaogang fetched HK$79 million with fees, an auction record for a contemporary Chinese artist, at Sotheby's in Hong Kong. This early work by Zhang, "Forever Lasting Love," more than doubled its estimate. The April 2 sale, part of 3,600-lot series, netted HK$427.2 ...