In a spacious, luxury apartment perched on the leafy hills of Hong Kong, Kai-Yin Lo browses through a trove of Chinese art acquired over several decades, reflecting how her niche, scholarly pursuit has now hit the mainstream. Despite giddy Chinese art prices showing some strain from global economic uncertainty, collectors like to think values will
France has laid claim to a 17th Century painting currently being displayed by a London gallery at an art fair in Paris. The Carrying of the Cross by the French master Nicolas Tournier was bought last year for 400,000 euros ($550,000) by the Weiss Gallery of London. But the French government says it is stolen
Taxpayers will face a staggering £1.5 billion bill if the nine Leonardo da Vinci paintings on display in the National Gallery this week are damaged or stolen, it emerged today. The Gallery in London has had to nearly double its total indemnity to £3.3 billion with extra insurance from the Government should anything go wrong.
U.S. authorities are set to return the painting “A Fisherman’s Daughter / Mending the Nets” by noted French realist Jules Breton to the city of Douai, France, on Thursday. In a ceremony at the French Embassy in Washington, the painting, which was stolen from Douai’s Chartreuse Museum by a German soldier in 1918, will be
When Tony Greenberg, a 35-year-old retail real estate developer, moved with his family into a 7,000 square-foot house in Westport, Conn. in 2008, he started to fill their new home with art. On display today are op-art pieces that his grandmother collected in the 60s (rescued from his mom’s basement), and more than a dozen
Police in Athens, Greece have just recovered a valuable 17th century painting, stolen ten years ago from a museum in Europe. They’ve arrested two people. Trafficking in fine art and other antiquities has emerged as the third most lucrative criminal activity in the world behind only drugs and guns. “It’s a $6 billion industry,” according
It’s like a story out of a mystery novel. R. Scott Cook, the owner of the now-defunct Cook Fine Art gallery, is being sued by one of his clients, George Ball, according to the Courthouse News Service. Ball filed the lawsuit against Cook for allegedly stealing the proceeds of nine works of art that Cook
Adjusting claims involving damage to fine art and collectibles caused by destructive weather, like floods and wildfires, may seem like a daunting task. Not so, says Heather Becker, CEO of The Conservation Center located in Chicago, Ill. Adjusters can use a decision methodology to make the best possible, most cost-effective decisions when it comes to
When Chicago-based Leslie Hindman Auctioneers held its Asian arts sale in May of this year, they expected sales of somewhere around a million dollars. The sale ended up racking up $4.2 million—with 80% of the buyers coming from China. Leslie Hindman, the founder of that auctioneer and the former host of HGTV’s At the Auction,
It’s been amazing to follow the recent trend of record-breaking auction prices realized on major works of art ranging from Old Masters like Rembrandt to contemporary superstars like Andy Warhol. Despite a lingering recession, the trend seems poised to continue. This summer, the London-based auction house Christie’s expects to raise more than $400 million in
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