Art Auction
Sotheby’s executive denies auction house’s culpability in art fraud claims
As a Russian billionaire’s case against the famed British auction house Sotheby’s continues, a senior executive at the famed fine art auction house took the stand Tuesday and denied the institution’s culpability in an art dealer’s price-gouging scheme.
In a 2018 lawsuit, Dmitry Rybolovlev claimed that, from 2003 to 2015, Swiss art dealer Yves Bouvier hiked up prices on 38 artworks he sold to the fertilizer tycoon while collecting a 2% commission fee on the eight- and nine-figure deals. In sum, Rybolovlev spent $2 billion on these deals.
“They were his works, he could do whatever he wanted with them,” Samuel Valette, Sotheby’s vice chairman for private sales worldwide, said in court Tuesday of Bouvier, who has faced criminal fraud charges in France, Monaco and Switzerland over his purported art price markups.
stellar lineup of works from leading contemporary artists in support of Whitechapel Gallery’s Exhibition and Participation Programmes.
Whitechapel Gallery is delighted to announce the donation of 20 exceptional artworks for auction by artists Andrew Pierre Hart (b. UK), Gideon Rubin (b.1973, Israel), Ali Kazim (b.1979, Pakistan), Daisy Dodd-Noble (b.1989, UK), Taylor Simmons (b.1990, USA), Wynnie Mynerva (b.1992, Peru), Ania Hobson (b.1990, UK), Danny Fox (b.1986, UK), Julie Curtiss (b.1982, France), Tunji Adeniyi-Jones (b.1992, UK), Michele Fletcher (b. 1963, Canada), Rose Nestler (b.1983, USA), Studio Lenca (b.1986, El Salvador), Hettie Inniss (b.1999, UK), Tiona Nekkia McClodden (b.1981, USA), Victoria Cantons (b.1969, UK), Peter Kennard (b.1949, UK), Christopher Page (b.1984, UK), Michael Armitage (b.1984, Kenya) and Sang Woo Kim (b.1994, South Korea).
Read More: https://fadmagazine.com/2025/02/26/whitechapel-gallerys-art-icon-auction-now-open/
A Cornish primary school has received more than 100 pieces of art for an anonymous auction to raise money for art materials and equipment.
Carly-Ann Clark, art teacher at St Day and Carharrack Community School, went on TikTok to raise awareness of the art auction being held on 27 February.
Mrs Clark said she had been overwhelmed by the response to her post which has been watched more than 46,000 times.
“I just thought it was a great way to connect with lots of people at once to hopefully get five or six people donating a piece of art work to the school,” she said.
Read More: https://www.bbc.com/news/articles/clyj98negdgo.amp
A print of Banksy’s famous Girl with Balloon artwork has fetched more than 100,000 dollars at a Los Angeles auction.
An original proof print of the mural sold for 104,000 dollars (£80,652), twice its expected asking price.
