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ENTERTAINMENT
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.
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ENTERTAINMENT
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.
ENTERTAINMENT
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.
ENTERTAINMENT
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.
NEWS
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.
ENTERTAINMENT
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.
NEWS
May 17, 2007 | From the Associated Press
The record price for postwar art was broken twice at a Sotheby's auction in New York this week, first with a Francis Bacon work and later with a Mark Rothko painting. The 1950 Rothko painting, "White Center (Yellow, Pink and Lavender on Rose)," of blocks of color, sold for $72.8 million Tuesday to an anonymous bidder, Sotheby's said. Shortly before, a 1962 Bacon painting of a pope, "Study From Innocent X," sold to an anonymous bidder for $52.6 million.
ENTERTAINMENT
April 24, 2007 | Suzanne Muchnic
Artworks consigned to auction are on public view this week at Sotheby's and Christie's Beverly Hills showrooms. Today through Thursday, Sotheby's will show a rare collection of 14 watercolors by British artist J.M.W. Turner, amassed over 20 years by Belgian collection Guy Ullens. The collection, valued at up to $29.5 million, will go on the block July 4 in New York.
ENTERTAINMENT
March 17, 2007 | Suzanne Muchnic, Times Staff Writer
An ancient Indian sculpture quietly consigned for sale in a New York gallery by the Los Angeles County Museum of Art will be returned to the museum, LACMA Director Michael Govan said, as the museum reconsiders policies on the perpetually controversial issue of such "de-accessions." "I'm very conservative on de-accessioning," Govan said in a telephone interview Thursday. "LACMA's existing policies are standard.
ENTERTAINMENT
February 10, 2007 | From Times staff and wire reports
A paralegal from Garden Grove put an heirloom painting up for auction on Super Bowl Sunday, hoping she'd get a few thousand dollars to help offset her daughter's tuition at UC Berkeley. Now she's probably going somewhere a lot more swank than Disneyland. The unsigned picture fetched $620,900 from an unnamed New York dealer who apparently is betting that it's a lost work by Pier Francesco Mola, a 17th century master.
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