How Would the Brexit Affect London’s Summer Auctions?: In a climate of contracting auction sales, the last thing the art market needs is more uncertainty. But with the Brexit referendum approaching, more uncertainty is precisely what is characterizing the upcoming London auctions, which take place at Sotheby’s and Christie’s at the end of the month.
21.06.2016, Artnet News: How Would the Brexit Affect London’s Summer Auctions?
21.06.2016, Bloomberg: Brexit Looms Over Art Market With London Auctions Set to Decline
Art Basel: Barometer of This Year’s High-End Art Market: The most talked about installation at the 47th edition of the Art Basel fair, which opened this week in Switzerland and runs through Sunday, could hardly have been a more extreme metaphor for the current trepidation of the art market.
17.06.2016, The New York Times: Art Basel: Barometer of This Year’s High-End Art Market
16.06.2016, The Financial Times: Veteran dealer Robert Landau on how Art Basel has changed
England’s First Artists Union Officially Recognized in Landmark Decision: Back in 2014, a group of artists sick of being exploited organized a de facto union. Three years on, Artists’ Union England (AUE) has finally been formally recognized in a landmark decision that will make it the country’s first official union for professional visual and applied artists, the group has announced.
17.06.2016, Artnet News: England’s First Artists Union Officially Recognized in Landmark Decision
Scandal strikes Versailles Palace as police detain two top art dealers over ‘fake’ Louis XV chairs: Scandal has struck Versailles after police arrested two respected antiques dealers on suspicion of selling fake Louis XV chairs to the famed royal chateau, sending France’s high-end antiques world into “panic”.
09.06.2016, The Telegraph: Scandal strikes Versailles Palace as police detain two top art dealers over ‘fake’ Louis XV chairs
16.06.2016, Antiques Trade Gazette: Top French furniture dealers respond to allegations of forgeries in Versailles
Ivory on the agenda at global meeting of association heads: Leaders of art and antiques trade bodies from key markets are due to discuss the rising tide of regulation against ivory, and the consequent threat to the trade of antique ivory, when they meet at the annual gathering international dealers in Paris later this week.
20.06.2016, Antiques Trade Gazette: Ivory on the agenda at global meeting of association heads
Swiss Investigating ‘Re-Exports’ as Way to Circumvent Russian Sanctions: Swiss Ambassador and Head of Sectorial Foreign Policies Division at the Federal Department of Foreign Affairs stated that the Swiss government is checking the reports of cases of re-export to Russia.
18.06.2016, Sputnik: Swiss Investigating ‘Re-Exports’ as Way to Circumvent Russian Sanctions
Could the Long-Lost $500-Million Amber Room Be Hidden in This Nazi Bunker?: It’s been called the Eighth Wonder of the World, but the gold trimmed, gem-encrusted Amber Room, constructed between 1701 and 1709 for the palace of King Frederick I of Prussia and given as a gift to Peter the Great, hasn’t been seen since World War II, after it was seized by the Nazis during the 1941 invasion of St. Petersburg. That could be about to change, however, if a Polish museum’s dig at a complex of Nazi bunkers proves fruitful.
16.06.2016, Artnet News: Could the Long-Lost $500-Million Amber Room Be Hidden in This Nazi Bunker?
Brâncuşi sculpture goes on display as Romania bids to take ownership: Wisdom of the Earth, valued at €11m, is one of just a few works by Constantin Brâncuşi remaining in his homeland.
15.06.2016, The Guardian: Brâncuşi sculpture goes on display as Romania bids to take ownership
Artsy partners with Phillips and Koller auction houses on live bidding: Artsy continues its domination of the online art marketplace with the launch of new software that will allow collectors to bid in live sales at Phillips and Koller auction houses from June. It is the first time the technology start-up, founded in 2009 and backed by investors including the US dealer Larry Gagosian and the Russian collector Dasha Zhukova, will offer users the opportunity to bid in real time from anywhere in the world.
2o.06.2016, The Art Newspaper: Artsy partners with Phillips and Koller auction houses on live bidding
Market News: opportunities abound in Russian art lows: The Russian art sales in London this month may have brought the lowest total for many years, but for some this was a buyer’s market full of opportunity.
21.06.2016, The Telegraph: Market News: opportunities abound in Russian art lows
Picasso Sculpture in Dispute Goes to Leon Black; Rival Owner to Receive Compensation: The collector Leon Black is the legal victor in a dispute over the ownership of a famed Picasso sculpture and will take possession of it.
15.06.2016, The New York Times: Picasso Sculpture in Dispute Goes to Leon Black; Rival Owner to Receive Compensation
15.06.2016, Artnet News: Leon Black Gets Contested Picasso Bust in Settlement
Art market shrugs off forgery case but finders of fakes still flourish: A New York court recently heard how a gallery sold more than 70 fakes but one art authenticator says the case was such an outlier that its impact was minimal.
19.06.2016, The Guardian: Art market shrugs off forgery case but finders of fakes still flourish
MoMA Apologizes for Dropping a Film Critical of North Korea: The Museum of Modern Art has acknowledged it wrongly cancelled the New York debut of “Under the Sun,” a documentary about North Korea that has been criticized by that country and Russia.
10.06.2016, The New York Times: MoMA Apologizes for Dropping a Film Critical of North Korea
Damien Hirst Sued Over Jewelry Line Plagiarism: Damien Hirst has been left with a bitter pill to swallow after being sued by Canadian artist and jewelry designer Colleen Wolstenholme for allegedly plagiarizing her pill charm bracelets.
15.06.2016, Artnet News: Damien Hirst Sued Over Jewelry Line Plagiarism
California ivory challenge reaches courtroom: A Superior Court judge in Los Angeles heard the opening salvos in a legal challenge to California’s uncompromising law that bans the sale of practically all ivory objects – including those fashioned from narwhal and walrus tusks and sperm whale teeth.
21.06.2016, Antiques Trade Gazette: California ivory challenge reaches courtroom
Lawsuit: Notre Dame Displaying Stolen Early American Art: The University of Notre Dame is displaying $575,000 worth of early American art that was stolen from a man 20 years ago, according to a lawsuit filed by the man’s son.
16.06.2016, ABC News: Lawsuit: Notre Dame Displaying Stolen Early American Art
How Art Can Blow Apart Your Estate: Your Jeff Koons could destroy your estate plan and leave your heirs shell-shocked and scrambling to pay bills. That’s because the Internal Revenue Service is rigorously scrutinizing appraisals of artworks above $50,000 and often demanding value adjustments that trigger unexpected and large tax bills, with penalties and interest added on.
21.06.2016, Barrons: How Art Can Blow Apart Your Estate
How the Australian Gov’t Shattered Its Art Market: The Australian art market has never recovered from the global credit crisis even though there a number of years after financial markets froze that the combination of Australia’s rich natural resources and proximity to a then still-booming China meant the Aussie economy was strong enough to keep the art market vibrant.
21.06.2016, Art Market Monitor: How the Australian Gov’t Shattered Its Art Market
India’s stolen antiquities: An industrial-scale loot: The antiquities PM Modi brought back from the US are a drop in the ocean of the thousands India loses to art thieves each year.
19.06.2016, DNA India: India’s stolen antiquities: An industrial-scale loot
10.06.2016, India Express: Connoisseur & Smuggler: The 84-year-old art dealer and his collection of ‘stolen’ idols in Chennai
Why is Korean art market vulnerable to forgery?: Government in discussion with experts to come up with measures aimed at preventing art forgery.
21.06.2016, The Korea Herald: Why is Korean art market vulnerable to forgery?
A booming art market: There is a booming art market that’s defying political and economic downturns for the past 10 years in the Philippines. Galleries that cater to the rising demand for art have sprouted in increased numbers in Metro Manila and in several provincial cities. And it is common to encounter sold-out art exhibitions even of very young artists.
20.06.2016, Inquirer.net: A booming art market
Turkish police arrest man trying to sell $10m Gaddafi ivory dagger: Turkish police have caught a man trying to sell a jeweled dagger allegedly pillaged from the palace of former Libyan dictator Muammar Gaddafi.
13.06.2016, The Guardian: Turkish police arrest man trying to sell $10m Gaddafi ivory dagger
15.06.2016, Artnet News: Police Recover Muammar Gaddafi’s $10 Million Looted Dagger
Millions of dollars of artwork smuggling prevented in Istanbul: Police have raided a house in Istanbul’s Ataşehir district and seized 55 stolen paintings, lecterns and calligraphic works, valuing at least $20 million.
13.06.2016, Hurriyet Daily News: Millions of dollars of artwork smuggling prevented in Istanbul
China’s ‘Ivory Queen’ in court for smuggling more than 700 tusks: Yang Fenglan once described herself the “best example of friendship between China and Tanzania” – but more than four decades after first arriving in the African country she faces a 30-year prison sentence there for smuggling tusks from over 350 elephants.
19.06.2016, The Telegraph: China’s ‘Ivory Queen’ in court for smuggling more than 700 tusks
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