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Facebook Graffiti Artist Set to Reap $200 million Windfall Profit

Facebook Graffiti Artist Set to Reap $200 million Windfall Profit

Bullet Shih February 6, 2012 0

In 2005, graffiti artist David Choe was hired by Facebook president Sean Parker to paint Facebook’s first offices in Palo Alto, California,  The New York Times reports, As pay, Mr. Parker offered Mr. Choe

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I’ll See Your 50 and Raise You $250 Million: Qatar Gets Serious With Cezanne’s Card Players

I’ll See Your 50 and Raise You $250 Million: Qatar Gets Serious With Cezanne’s Card Players

Bullet Shih February 3, 2012 0

In the high stakes poker game that is the current art market, Qatar has just trumped all players with a record breaking $250 million private purchase of Cezanne’s Card Players.  Vanity Fair has reported

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Chinese Auction Houses Burst onto Global Scene

Chinese Auction Houses Burst onto Global Scene

Bullet Shih February 2, 2012 0

The two largest emerging economies, China and India, generally have two distinct styles when it comes to growth.  India methodically goes for slow steady growth while China likes to do it with a bang

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A Picasso for the boot of your Rover? Indian Online Auction House Expands into Western Art

A Picasso for the boot of your Rover? Indian Online Auction House Expands into Western Art

Bullet Shih January 30, 2012 0

After Indian car maker Tata Motors made a push into the west by purchasing venerable British carmakers Jaguar and Rover in 2008, it seems one of their auction houses may have similar ambitions.  Artdaily.org

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Elizabeth Taylor Continues to Command Big Bucks

Elizabeth Taylor Continues to Command Big Bucks

Bullet Shih January 27, 2012 0

After her jewelry collection was sold at Christie’s last month for a whopping $155 million, Taylor’s painting Portrait of a Man by Dutch Old Master Frans Hals went for over twice the presale estimate

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Spots of a Different Color:  Gagosian Sued for Selling Lichtenstein without Owner’s Consent

Spots of a Different Color: Gagosian Sued for Selling Lichtenstein without Owner’s Consent

Bullet Shih January 23, 2012 0

The New York Times has reported that mega art dealer Larry Gagosian who has blanketed the world with Damien Hirst’s spot paintings has found himself in a tricky spot for allegedly selling the spotted

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Elgin Marbles ☺ Saddam’s Buttock ☹

Elgin Marbles ☺ Saddam’s Buttock ☹

Bullet Shih January 20, 2012 0

The Herald Sun has reported that Nigel “Spud” Ely was recently arrested for trying to flog a buttock from a Saddam statue in Iraq on ebay for £250,000.  A surprised Spud is quoted as

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Holbein’s Darmstadt Madonna Sold to German Screw Maker for over $70 Million

Holbein’s Darmstadt Madonna Sold to German Screw Maker for over $70 Million

Bullet Shih January 19, 2012 0

Bloomberg has reported that Holbein’s Darmstadt Madonna which was previously on loan to the Städelschen Kunstinstitut in Frankfurt since 2004 has been sold to the German billionaire screw industrialist Reinhold Würth for over $70

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Ronald Coles, the Bernie Madoff of Australian Art World Faces up to 10 Years in Prison

Ronald Coles, the Bernie Madoff of Australian Art World Faces up to 10 Years in Prison

Bullet Shih January 17, 2012 0

Ronald Coles, once one of Australia’s leading art dealers, boasting of annual turnover of over A$ 30 million and seen driving a Bentley with the vanity plates BUY ART was just charged with 77

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Perpetuating the Scam: Art Dealer Resells Fake Hirst Spot Prints

Perpetuating the Scam: Art Dealer Resells Fake Hirst Spot Prints

Bullet Shih January 16, 2012 0

Edward Silver purchased $40-45,000 in fake Hirst spot prints on ebay in 2006.  After a court case in 2008, the seller, Vincent Lopreto was arrested and sent to jail for creating fraudulent certificates of

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Yuan to Buy Some Art: Zhang and Qi Top Picasso in 2011

Yuan to Buy Some Art: Zhang and Qi Top Picasso in 2011

Bullet Shih January 13, 2012 0

According to Bloomberg via international art sales monitor artprice, Picasso is no longer the the most sought after artist in terms of  total auction sales, thus ending an amazing run where annual sales of

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Hedge Funder Pierre Lagrange Claims to Have Purchased $17 Million Fake Pollock

Hedge Funder Pierre Lagrange Claims to Have Purchased $17 Million Fake Pollock

Bullet Shih January 11, 2012 0

According to The Art Newspaper, Pierre Lagrange who was listed as one of Wall Street’s most powerful art collectors has recently filed a complaint that Ann Freedman, the embattled former director of the recently

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Lucien Freud Prints Expected to Fetch Over £1.2 in Sale to Coincide with Retrospective at the National Portrait Gallery of London

Lucien Freud Prints Expected to Fetch Over £1.2 in Sale to Coincide with Retrospective at the National Portrait Gallery of London

Bullet Shih January 3, 2012 0

The artist grandson of Sigmund Freud, Lucien Freud who passed away last year in July, will have a retrospective of his works at the National Portrait Gallery of London opening on February 9, 2012.  Hoping

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2011 Contemporary Arts Sales up 35% as Christie’s and Sotheby’s top $1.6 Billion

2011 Contemporary Arts Sales up 35% as Christie’s and Sotheby’s top $1.6 Billion

Bullet Shih December 29, 2011 0

According to Bloomberg calculations, Sotheby’s and Christie’s made a combined $1.7 billion during their 12 evening sales of contemporary art in2011 with Sotheby’s $844.1 million barely edging out Christie’s $834.3 million.  Contemporary art is

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