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Paintings By Queen Victoria Head to Auction in London

January 20th, 2023

A rare pair of floral paintings by Queen Victoria will go to auction next week, expecting prices of £8,000 and £10,000, Art News reports. 
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Michael Rakowitz Proposes Gift of Fourth Plinth Statue to British Museum in Exchange for Return of Assyrian Arifacts to Iraq

January 20th, 2023

Iraqi-American artist Michael Rakowitz is proposing that the British Museum return one of its ancient Assyrian treasures to Iraq in exchange for the donation of his fourth plinth sculpture to the UK. “As I pondered my gift to the nation of Great Britain, I began to fantasise that it could be attached to a second gift: the return of one of the British Museum’s lamassu to the country of Iraq, to replace what was destroyed by Daesh [or Islamic State],” he writes in an open letter.
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Art News Traces Continued Challenges of Repatriation at The Met

January 20th, 2023

Art News has a piece this week discussing ongoing issues with repatriation at The Met, reviewing some disputed works still on view. “Once you know that someone is acquiring artifacts without looking too closely as a source, the first thing you should do is look deeper,” says Erin Thompson, an associate professor of art crime at John Jay College of Criminal Justice.
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REFERENCE LIBRARY

Steven A. Cohen

Collector’s Birthdate:
b. 1956

Cohen is the billionaire founder and manager of the hedge-fund, SAC Capital Partners. It is estimated that he has spent upwards of $700 million on art work. His collection includes many signature pieces by artists, including a Pollock “drip” painting he purchased from David Geffen for $52 million and famous Damien Hirst shark, “The Impossibility of Death in the Mind of Someone Living” for $8 million from Charles Saatchi, on loan to the Metropolitan Museum in 2007.

Other major expenditures include an alleged $63.5 million to Geffen for Willem de Kooning’s “Police Gazette” and $137.5 million for de Kooning’s “Woman III” in 2006. In the last two years, many have speculated that he has spent $25 million on works by Picasso and Warhol. In 1999, he set the record for the price paid for any piece by Edward Munch, paying $11.5 million for his “Madonna”.
In 2006, he attempted to make the most expensive art purchase in history from Steve Wynn, offering $139 million for Picasso’s “Le Reve”. The sale was foiled when Wynn, suffering from an eye disorder, slipped and put his elbow through the painting while showing it off to friends.

Cohen is purported to be building a private museum to display some of his artwork on his Greenwich, Connecticut property.

An Art Shark on the Trading Floor

Landmark De Kooning Crowns Collection

Wikipedia Entry