ARTFIXdaily News Feed - Breaking News from the Art World

Lost Picasso Painting Rediscovered in Museum Storage

Evansville Courier Press / August 19th, 2012

A rare glass painting by Pablo Picasso was found after five decades in the storage of Evansville Museum of History and Science, in Indiana. The museum board of trustees and members have decided the work is too expensive to keep.

Forbes Lists Top Corporate Art Collections

Forbes / August 2nd, 2012

Corporate collections with the aim to improve lives and educate---those shared with the public and not stored in vaults---find their way onto Forbes' ranking of art assembled by businesses. Among the best are...

Lost Lichtenstein Surfaces in NYC Warehouse

New York Post / August 2nd, 2012

A Roy Lichtenstein painting that went missing 42 years ago has re-appeared in a Manhattan warehouse. Now valued at $4 million, the picture was sent out by...

Goodwill Find Proves to be Valuable Painting

KSN.com / July 25th, 2012

A North Carolina woman found a treasure in her local Goodwill store. Beth Feeback, an unemployed artist, noticed a pair of abstract paintings for $9.99 each.

Herbert Vogel, Art Collector, Remembered

New York Times / July 23rd, 2012

A postal clerk with an eye for modern art, Herbert Vogel, has died at 89. He amassed a remarkable collection of art---5,000 pieces in all---with his wife Dorothy, a librarian. The couple left their entire collection to...

A $29 Million Tax Bill for Art Valued at Zero

New York Times / July 22nd, 2012

Heirs of art dealer Ileana Sonnabend are in a bind for inheriting a 20th-century masterwork by Robert Rauschenberg. Next month lawyers for the heirs will go head to head with the Internal Revenue Service over the value of Rauschenberg's "Canyon."

Billionaire Buyer of Munch's "Scream" Revealed

Vanity Fair / July 12th, 2012

Multiple sources are reporting that the mystery buyer of the world's most expensive artwork is private-equity mogul...

German Billionaire Donates American Art Collection to Museum

Seattle Times / July 8th, 2012

A German billionaire and his wife are donating their collection of Western American art to the Tacoma Art Museum.

Girlfriend of Thomas Kinkade Says Artist Wanted a Museum

CBS News / July 2nd, 2012

The widow and girlfriend of artist Thomas Kinkade are facing off in court over his $66.3 million estate.

Records Smashed at Christie's Contemporary Art Sale

New York Times / June 27th, 2012

In London on Wednesday, post-war and contemporary art totaled $207.3 million, against an estimate of $160.1 million to $216.9 million, the highest total ever in the category for Christie’s in Europe. Collectors, primarily from...

Shake-up Propels Artnet Forward

Businessweek / June 26th, 2012

German-based art market platform Artnet has announced its longtime CEO, Hans Neuendorf, will be stepping down as of July 1. “It’s a good thing, though!” said Neuendorf to Businessweek. “The new generation is taking over.“ Meanwhile, two shareholders are hovering...

Dubai Returns as Top Contender for Contemporary Art

Reuters / June 21st, 2012

Dubai has seemed unstoppable in recent years, establishing itself as a center of finance, trade and tourism. Prior to 2008, it looked ready to take the art world by storm...

Major Collectors Drive Sales at Art Basel Amid Global Economic Woes

ArtfixDaily / June 18th, 2012

The 43rd edition of Art Basel, the world’s largest modern and contemporary art fair, managed to be an unquestionable success despite taking place at a time when most of the world is suffering from economic jitters.

Rothko Rules at Art Basel's 43rd Edition

Forbes / June 11th, 2012

From a private Swiss collection, a simmering burnt orange and pale pink canvas painted in 1954 by Mark Rothko is already touted as a star at this year's Art Basel.

Basel Boasts $2 Billion in Art for Sale

Businessweek / June 10th, 2012

In Switzerland, nearly $2 billion worth of art from 300 top-tier international galleries is up for sale this week. Richter, Calder, Twombly and Hirst are among the big-names with big price tags lining booths at Art Basel, the world's biggest and oldest modern and contemporary art fair. Among the highlights is...

Huntington Adds Rauschenberg to Collection

ArtfixDaily / June 10th, 2012

The Huntington Library, Art Collections and Botanical Gardens near Pasadena, Calif., long known for its collection of nineteenth-century English portraits, has made a foray into the post-war era by purchasing a work by Robert Rauschenberg.

Modern Chinese Painting Fetches $46 Million at Beijing Auction

Jing Daily / June 6th, 2012

A painting inspired by a poem written by Communist leader Mao Zedong in 1925 demanded a hefty 293.25 million yuan ($46 million) at a Chinese auction over the weekend. “Wan Shan Hong Bian” ("Thousands of Hills in A Crimsoned View”), painted in 1964, by...

Richter's Art Rises in a New Retrospective

ArtfixDaily / June 5th, 2012

German artist Gerhard Richter, whose auction sales totaled $200 million last year, has been given a retrospective at the Centre-Pompidou in Paris. The exhibit, spanning the 50 plus years of the artist’s career, is the largest exhibit of Richter’s work to date and follows steeply rising auction ...

Comprehensive Exhibit Spotlights a Picasso Muse

Businessweek / May 28th, 2012

Humor, adulation, tenderness, passion and complexity---the qualities of a love affair---unfold in “Picasso and Francoise Gilot: Paris-Vallauris, 1943-1953,” on view now through June 20 at New York's Gagosian Gallery.

Warhol Swiped in Major Art Heist from Detroit Collector

CBS News / May 24th, 2012

A silkscreen used to create Andy's Warhol's famous "Flowers" was among 19 modern and contemporary artworks stolen from a Detroit collector. The owner had temporarily stored his art at his business. "It could be somebody that...