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Art Auction

May 14, 2004 | Suzanne Muchnic
Contemporary art dealers and collectors snapped up every last item in a $65.5-million auction Wednesday night at Sotheby's New York. The sale didn't have as much high-end material as Christie's $102.1-million auction the previous night, but it exceeded Sotheby's most optimistic expectations and set records for 17 artists. "Not everything is a masterpiece," auctioneer Tobias Meyer said after the sale.
May 13, 2004 | Suzanne Muchnic
A four-day marathon of postwar and contemporary art auctions got off to a roaring start Tuesday night with a $102.1-million sale at Christie's New York. The first of its kind to hit the $100-million mark, the auction set records for nine artists and made the point that art created since 1945 is steadily increasing its market share.
May 6, 2004 | Suzanne Muchnic
Christie's launched New York's auction season Tuesday night with a $56.6-million sale of Impressionist and Modern art that fell short of the firm's expectations but raised $12.1 million for the Museum of Modern Art's acquisition fund. "Il grande metafisico," a 1917 painting by Giorgio de Chirico consigned by MOMA, commanded the sale's top price, $7.1 million, and set an auction record for the Italian Surrealist's work.
May 15, 2003 | Suzanne Muchnic, Times Staff Writer
A week of contemporary art auctions here got off to a tepid start Tuesday night at Sotheby's with a $27.3-million sale that brought $5.2 million for a Jackson Pollock drip painting but toted up less than the predicted sales total of $33.7 million to $46.7 million. The biggest blow to the auction house was its failure to sell the most expensive item, "Minutiae," a mixed-media stage set by Robert Rauschenberg.
The trouble with an Elizabethan mansion that has been in the family for nearly 450 years is that it can start to look a little down-at-the-mouth without proper upkeep. But then you do a little stonework on the north wing here, some reupholstery in a state dining room there, and suddenly the 100-room house is eating up a noble purse. It's a real dilemma. "Something's always cropping up that needs repair," lamented Alexander Thynn, a.k.a. the 7th Marquess of Bath.
April 18, 2001 | From Associated Press
Two men accused of selling fake masterpiece paintings on an online auction site and inflating the bid prices pleaded guilty Tuesday to fraud charges in federal court. Kenneth Walton, 33, pleaded guilty to three counts of wire fraud and four counts of mail fraud. Scott Beach, 31, pleaded guilty to one count of wire fraud and three mail fraud charges. Walton, a Sacramento attorney, was accused of having nearly 20 different EBay log-in identities that he used to sell paintings and bid on paintings.
February 6, 2001 | VIVIAN LETRAN
Victims of the 7.6-magnitude earthquake in El Salvador will soon receive direct relief from a local art gallery and community activists in Santa Ana. La Galleria president and owner Rene Mancia and director Omar Perez raised $1,400 through door-to-door donations and a silent art auction last week to help buy corn, rice, beans and tortillas.
January 7, 2001 | THUY-DOAN LE
Daric Warneke did not think twice about paying $600 at an auction to buy a lithograph reprint of a painting by his late friend, John Santistevan. Not only does he like the artwork, Warneke likes the idea that its sale helps to keep Santistevan's memory alive. After Santistevan, then 18, was killed in a hit-and-run accident in Hollywood in 1993, his parents established the John C. Santistevan Memorial Scholarship Fund. It is supported by the annual art sale and auction.
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February 22, 2000 | From Reuters
Sotheby's Holdings Inc. said Monday that its two top executives stepped down as an antitrust probe involving the high-brow auction house and its main rival, Christie's International, widened. The company said A. Alfred Taubman stepped down as chairman of the 225-year-old auction house and Diana Brooks resigned as its president and chief executive.
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