Case Over Pieter Bruegel the Younger Painting Hints at Problems with Painting Valuations

April 24th, 2017

Pieter Bruegel the Younger, via NYTThe New York Times reports on a recent court decision over the valuation and sale of a Pieter Bruegel the Younger the painting, where evidence showed a trend towards auction houses underpricing works so as to win favor from sellers when the works sold at strong prices.  The ruling echoes assertions by the I.R.S. that prices given for artworks are a likely “high abuse area.”Read more at NYT