Millions in Art Donated to Whitney Museum Auction

Millions in Art Donated to Whitney Museum Auction

An estimated $8 million in art has been donated to an auction to raise money for the construction of a new building for the Whitney Museum of American Art. The New York museum is currently working on designing and creating a new space that will be about three times as...
Banksy Mural Vanishes in London, Reappears in Miami

Banksy Mural Vanishes in London, Reappears in Miami

Last week, a Banksy mural in London vanished without a trace. Slave Labor (Bunting Boy) was painted on the side of a Poundland store, but during renovations last week it suddenly disappeared. Poundland claimed to have no knowledge of the disappearance, and no one...
Sotheby’s, Christie’s Enjoy High Sales

Sotheby’s, Christie’s Enjoy High Sales

Sotheby’s and Christie’s brought in about $170 million this week from the sales of Old Master and Renaissance art. Three works brought in over $10 million apiece, and many paintings sold for far more than their estimated prices. The biggest seller was The Madonna and...
Do Auction Houses Need More Monitoring?

Do Auction Houses Need More Monitoring?

  It’s auction season in NYC, and that means that in the next few months hundreds of millions of dollars will be traded by the city’s most privileged people. But this season begs a question: do auction houses need more monitoring and regulations? Some say yes,...