A unique 1945 Joan Miro wood sculpture, “Oiseau Lunaire,” priced at $5 million, was confirmed sold today at the opening of the world’s largest art-and-antiques fair. The Miro had been put on reserve at the booth of the Montreal-based gallery Landau Fine Art Inc. during yesterday’s VIP preview of Tefaf, the European Fine Art Fair,
When works of art are lent by Europe’s leading museums, the cost of buying commercial insurance can swallow as much as 15% of the borrower’s exhibition budget, research by an expert working group, funded by the European Commission, has revealed. Lending institutions frequently “over-evaluate risks, which in turn leads to high insurance premiums”, said Frank
Re-posted from Art Market Monitor: A few weeks ago, we noticed how the Art Loss Register kept popping up in a variety of fraud, theft and restitution cases. That prompted us to ask Chris Marinello, General Counsel of the Art Loss Register here in New York to sit down with us and walk through the basics.
CNN) — A Paris company is launching a stock exchange with a difference Monday — one that buys and sells shares in art. Art Exchange will allow investors to buy and sell shares in modern and contemporary art works — including paintings, sculptures and photographs — valued at €100,000 ($130,000) and above, with prices quoted
Amidst the recent flooding in Australia, one gallerist struggles to pick the pieces up and put his gallery back together. — Reposted from CourierMail. They came from all around for the love of art and to help a long-standing industry colleague, Victor Mace, whose Milton-based fine art gallery was flooded throughout the display floor. “We’ve
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