Real Estate magnate Robert S. Olnick’s art collection is set to go on sale at Christie’s next month, counting major Agnes Martin and Roy Lichtenstein works among its holdings. The first selecton works offered next month, are spread over both the evening and day sales, and are valued at a total of $20 million. “It was really about them making the rounds and buying what they liked,” says Laura Paulson, deputy chairman of Christie’s Americas.
Guy Wildenstein’s fate has been left to a tribunal following arguments in his tax evasion case, the NYT reports. The judges will spend up to three months considering the case before reaching their decision, which could include jail time and a 250 million euro fine for alleged deceptions in how the works were held. “The bank knows only what the family told them,” says Alexandre Bronstein, a laywer pushing a criminal case over several of the works seized from the Wildenstein collection. Read More »
Phillips’s Robert Manley announced the auction house’s star lot for its upcoming November Contemporary Evening Sale in New York, a colorful Clyfford Still priced between $12 million and $18 million. “Formerly in the collection of the artist’s friend and student, the painter Edward Dugmore, the painting has been off the market for decades and has never been to auction,” Manley notes of the work. Read More »