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August 29, 2008 | From the Associated Press
A British aristocrat is offering two public art galleries a $92-million bargain -- a Renaissance painting by the Italian artist Titian that has been on display in Britain for 200 years but now could be sold overseas. "Diana and Actaeon," one of Titian's greatest works, is estimated to be worth $275 million on the open market. Its owner, the duke of Sutherland, has offered it to major public galleries for a third of that price. The National Galleries of Scotland and London's National Gallery launched a public appeal Thursday for funds to buy the painting.
May 22, 2008 | From Bloomberg News
A kaleidoscopic 1915 Marsden Hartley painting, seized during World War II and cloistered for 54 years in a German museum, sold for a record $6.3 million Wednesday at Christie's International in New York. Hartley's colorful "Lighthouse" was the most expensive American Modernist artwork ever sold at auction. It eked past Georgia O'Keeffe's "Calla Lillies With Red Anemone," which sold for $6.2 million at Christie's in 2001. The sale price, $700,000 below the top estimate, also set a record for the artist.
May 15, 2008 | From Bloomberg News
Lucian Freud, the 85-year-old British painter, became the world's priciest living artist at auction when his graceful portrait of a 280-pound civil servant named Sue fetched $33.6 million at Christie's International in New York. The 1995 Freud was one of eight records smashed in an exuberant sale Tuesday night featuring the male clique of auction stars that includes Andy Warhol, Francis Bacon and Richard Prince. The top lot was a 1952 Mark Rothko painting, with red bands on a yellow background, that went for $50.4 million.
May 6, 2008 | From a Times staff writer
Last year's mystery buyer of Mark Rothko's "White Center (Yellow, Pink and Lavender on Rose)," 1950, sold by David Rockefeller and acquired anonymously at Sotheby's for $72.8 million, has been revealed to be Qatar's ruling al Thani family. The sale holds the record for the highest price ever paid for a work of postwar art at auction. London's Art Newspaper reported Sunday that the emir, Sheikh Hamad bin Khalifa al Thani, and his wife, Sheikha Mozah bint Nasser al Missned, likewise purchased Francis Bacon's "Study From Innocent X" for $52.7 million at the same sale.
March 22, 2008 | From Reuters
Take a second look at that signed Picasso print you bought on EBay. A ring of art counterfeiters has sold thousands of prints since 1999 bearing the forged signatures of Picasso, Miro, Dali and other famous artists to buyers around the world. "Thousands of people will learn they . . . bought a fake," said Chicago-based U.S. Attorney Patrick Fitzgerald, who announced indictments this week charging two Americans, a Spaniard from Barcelona, and two Italians from Milan and Monsummano with multiple counts of fraud.
November 9, 2007 | From the Associated Press
A Ming Dynasty painting has been auctioned for $10.7 million, a record price for a Chinese painting, state media in China reported. "The Red Cliff Handscroll" by painter Qiu Ying was sold to a private buyer from China by China Guardian Auctions Co., Xinhua News Agency said. The previous record for a Chinese painting was set earlier this year at an auction in Hong Kong, when "Put Down Your Whip" by Xu Beihong sold for $8.19 million.
September 22, 2007 | From the Associated Press
A Russian billionaire says he bought the art collection of the late cellist Mstislav Rostropovich for the state by offering the upper limit of the value established by the auction house. Alisher Usmanov said Friday in an interview on Russia's Ekho Moskvy radio that he paid $72.6 million on the eve of an auction by Sotheby's that was to begin Tuesday in London, forcing the auction house to cancel it. The sale had been announced earlier this week, but not the price.
July 13, 2007 | From the Associated Press
Summers in Santa Fe, N.M., are punctuated by art markets that are a boon to collectors and an opportunity for serious oohing and ahing from throngs of visitors. The newest, the 3-year-old Santa Fe International Folk Art Market, is a melange of textiles, pottery, basketry, carving and more by 100-plus artists from around the world. But there's a larger mission behind the event, which will be held Saturday and Sunday: to sustain world folk art and folk artists.
May 31, 2007 | Alex Chun, Special to The Times
GETTING in on the booming contemporary art market can be a daunting endeavor, particularly for neophyte collectors. In response, the Museum of Contemporary Art has come up with "Fresh," a summer party and auction that offers a range of artwork from veterans such as Ed Ruscha, John Baldessari and Allen Ruppersberg as well as younger artists such as Violet Hopkins and Joe Bradley.
May 18, 2007 | From the Associated Press
An Andy Warhol painting sold for $71.1 million, more than quadrupling the previous top auction price for the pop artist's work, Christie's auction house in New York reported. The Wednesday auction of postwar and contemporary art took in nearly $385 million, making it the second most lucrative art auction held, according to Christie's. Warhol's 1963 painting "Green Car Crash (Green Burning Car I)" was sold to an anonymous buyer. The previous auction record for a Warhol work was $17.
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