Around 700 artists are being evicted from their studios in Moscow following the announcement of a government renovation plan. “The lease contract drawn up by Moscow city has a clause stipulating that if the buildings are demolished, we cannot demand replacement studios,” says Yuri Kurshakov. “It’s hard to stomach because we’re not just talking about a few studios here, but entire clusters that will disappear.”
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A piece in Town and Country documents the allegations against art advisor Angela Gulbenkian, who is alleged to have swindled dealers out of millions in sales, while spending the money. “I don’t think she was very active in the art market,” says Kenny Schachter. “It would be hard to find people who had dealings with her. She was more of an upstart.”
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The collection of late Samsung Chairman Lee Kun-hee is currently being appraised after his passage last year. “Prices of some of the works have probably surged drastically since Lee purchased them,” says an anonymous source.
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