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ARTFIXdaily News Feed - Monday, December 07, 2009
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 | Folk art portrait soars to record $419,000
Cape Cod Online - December 6th, 2009 21:28
A folk art painting of two girls sitting on a sofa with a cat fetched a record $419,000 (with fees) at Cape Cod, Massachusetts-based, Sandwich Auction House on Saturday. The painting, along with two others by itinerant limner Zedekiah Belknap (1781-1858), were put on the block by an anonymous local family. The previous auction record for the Massachusetts artist was $167,500 in 1995, according to Askart.com...Read more | |
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 | Parmalat founder's hidden art trove seized
BBC News - December 6th, 2009 16:11
Authorities say they have retrieved artwork owned, and concealed, by Calisto Tanzi, the Parmalat founder who is accused of fraud in the Italian company's 14 billion-euro collapse in 2003. The 19 paintings and drawings, including works by Picasso, Monet, Cezanne, and Van Gogh, are worth more than 100m euros ($149 million; £90m), and were hidden in houses belonging to friends. Phone taps revealed a Russian billionaire was about to buy Monet's Cliff Walk at Pourville for 10m euros ...Read more | |
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 | Despite Dubai's debts, art show is optimistic
Financial Times - December 6th, 2009 16:38
Following state-owned conglomerate Dubai World's recent announcement that it is seeking a standstill on its debt, with its liabilities close to $60 billion, Art Dubai organizers say the 4-year-old show should fare well with an expected 80 international exhibitors next March. Last year, 14,000 visitors attended. DIFC Investments (which owns Art Dubai) was downgraded to receive "low" government support by ratings agency Standard & Poor, according to the Guardian. Even so, the ...Read more | |
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 | Fierce bidding sends Washington letter, Poe works to world records
ABC News - December 6th, 2009 17:21
A letter by George Washington sold for an auction record $3,218,500 in New York, according to Christie's. An Edgar Allen Poe poem snagged $830,500, a world record for a 19th-century literary manuscript, A rare first edition of Poe's first book, "Tamerlane and Other Poems," reached $662,500, the highest price ever paid for a 19th-century book of poetry. Cormac McCarthy, author of "No Country for Old Men," parted with his typewriter for an eye-popping $254,500. It had ...Read more | |
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