Sotheby's to sell Vollard's art collection
- April 22, 2010 14:43
About $26 million (£16million) worth of paintings once owned by legendary Parisian art dealer Ambroise Vollard, who died in 1939, will go under the hammer this June after decades in a bank vault.
The 141 paintings, including works by Paul Cezanne, Pablo Picasso and Andre Derain, will be sold after a 25-year dispute over ownership has been resolved.
The bank tried to sell Vollard's collection in 1981, after no storage fees were paid for over four decades, but heirs of Vollard and his gallery assistant made a claim for the auction proceeds. Sotheby's says the auction house now has an agreement with the legal beneficiaries of the Vollard Estate.