Auction
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Arts
Court Tells Sotheby’s to Reveal Its Auction Clients in ‘Nazi-Loot’ Case
The ruling comes amid criticism that the art market needs to be more transparent, but the directive may be moot because talks to possibly resolve claims are under way.
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Business
Why the Panama Canal Didn’t Lose Money When Ship Crossings Fell
A water shortage forced officials to reduce traffic, but higher fees increased revenue.
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Magazine
Dress Worn by Princess Diana Sells for a Record $1.15 Million
The black and blue evening dress sold for more than 11 times the expected price, a sign of Diana’s continuing allure more than a quarter century after her death.
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World
How to Hold an Anticapitalist Art Auction
A 37-year-old artist who calls himself Penny Pinch says he’s an anticapitalist, but not the angry kind. His paintings feature flat-nosed men in buffalo suits. They’re in the bold, cartoonish street style of Keith Haring or the animated series ...
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Arts
Did That $4 Thrift Shop Painting Really Sell for $191,000? Nope.
A New Hampshire couple was quite happy when a rare N.C. Wyeth work they stumbled upon sold for so much at auction. But when the buyer reneged, the sale and their vacation dreams were undone.
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World
Napoleon’s Hat Sells for $2.1 Million at Auction in France
The black bicorn hat, believed to have belonged to the 19th century French emperor, had been expected to sell for far less.
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World
A Dog Walker’s Chuck Close Painting Sells, Finally, at Auction
It was a bittersweet ending for Mark Herman. The picture is gone, but the winning bid was far less than the $10 million he envisioned.
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Business
1962 Ferrari Brings $51.7 Million at Sotheby’s
A single-lot auction of a classic racing car that is considered the Holy Grail of Ferraris last changed hands in 1985 — for a fraction of the price.
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World
Art Auction in Hong Kong Draws Lower Bids Than Expected
A portrait by Amedeo Modigliani sold for less than expected and several artworks went unsold as China’s best-known art investor liquidated part of his collection.
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World
China’s Top Art Investor Amassed a Big Collection. Now He’s Selling.
Liu Yiqian made global headlines in 2014 and 2015 by paying top prices for paintings and antiquities but is starting to liquidate some of his artworks.
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