A Picasso that was lost years ago may have been spotted in the home of Imelda Marcos, the former First Lady of the Philippines who has been widely accused of corruption. Marcos’s son, Ferdinand “Bongbong” Marcos Jr., is the presumptive president-elect of the Philippines. Following a landslide victory on May 9, Marcos Jr.’s win has been met with growing concern in the Philippines, where ...
For those left wondering what the election of Ferdinand Marcos Jr as president of the Philippines would mean for the hunt to track down his family’s ill-gotten wealth, the answer seemed clear when the new leader visited his mother Imelda Marcos to celebrate his victory: the Marcos clan will probably get to hang on to the billions in art and jewels they acquired during ...
When Catalan artist Oriol Vilanova exhibited a jacket filled with postcards visitors could take at the Musée Picasso in Paris, little did he imagine that one person would take the liberty a step too far. But in late March, a 72-year-old woman took the blue work jacket, which had been hanging on a wall, home with her. According to French daily Le Parisien, she ...
On Wednesday evening in Hong Kong, Sotheby’s modern and contemporary art evening sales brought in a combined $164.2 million with premium, landing within the pre-sale estimate of HK$ 927 million–1.4 billion ($118 million–$178 million). Despite a tense political climate in the region amid strict pandemic-related measures in Hong Kong and Shanghai, the sale performed well, with high sell-through rates and records set for 14 ...
Two portraits by Pablo Picasso are headed to auction in Hong Kong this spring as demand for the Spanish modernist continues to rise in the Asia Pacific region. On Thursday, competing auction houses Christie’s and Sotheby’s announced that they will offer paintings depicting two of the Picasso’s recurring subjects—a musketeer and his muse Dora Maar, respectively—during evening sales dedicated to modern art. The sales ...
A 1932 portrait by Pablo Picasso depicting one of his lovers could sell for $60 million in May during a Sotheby’s modern art evening sale in New York. Femme nue couchée, which shows Marie-Thérèse Walter in repose, will hit the auction block on May 17. The sale will mark the first time the painting has ever been sold at auction. The current anonymous seller ...
Finnish customs officials have impounded artworks valued by insurance at over €42 million ($46 million), preventing them from returning to Russia, under European Union sanctions imposed in response to President Vladimir Putin’s invasion of Ukraine. Finland intercepted three shipments of art at the Vaalimaa border crossing between Finland and Russia last weekend, impounding one vessel. The Finnish Heritage Agency will oversee the storage of the ...
With the 50th anniversary of Picasso’s death next year, France and Spain will partner to organize an international exhibition dedicated to the artist’s legacy that will see shows staged across Europe and in the U.S. in 2023. Together, the two European nations have set up a commission of leaders in the cultural space to head the event, which has been dubbed “The Picasso 1973-2023 ...
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Friday, March 18. NEED-TO-READ Russia Wants 75 Paintings Back From Seoul Early Amid War in Ukraine – As tensions between Russia and the world rise, the country is asking for the early return of artworks ...
The Metropolitan Museum of Art in New York is selling a valuable bronze cast of a woman’s head by Pablo Picasso, dated to 1909, at Christie’s this May. The museum said that it is deaccessioning the early piece, which is the first sculpture the artist ever produced in his Cubist-style and has been in the collection for more than two decades, because it owns ...
