Is art becoming more about taking your kids out for a fun day than art?

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Link to the article HERE.

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Oprah Winfrey Said to Snag $150 Million Selling Klimt to Chinese Buyer

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“Portrait of Adele Bloch-Bauer II,” from 1912, depicts a woman in a long, narrow robe and halo-like black hat, standing against an ornate background of mauve and green. The subject, Bloch-Bauer, was the wife of a Jewish industrialist and art patron in Vienna.

The canvas was part of a cache looted by the Nazis and famously restituted by the Austrian government to Bloch-Bauer’s heirs in 2006. The legal battle over the works inspired “Woman in Gold,” a 2015 movie starring Helen Mirren.

Read full article HERE.

Has the Art Market Become an Unwitting Partner in Crime?

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Henri Toulouse-Lautrec’s “Au Lit: Le Baiser”

When you sell your home the paperwork details the sale, including your name, and the title search lists the names of the people who owned the property before you. But when someone sells an artwork at auction — even something worth $100 million, much more than your house — the identity is typically concealed.

Oh, the paperwork might identify the work as coming from “a European collection.” But the buyer usually has no clue with whom he or she is really dealing. Sometimes, surprisingly, even the auction house may not know who the seller is.

Secrecy has long been central to the art world. Anonymity protects privacy, adds mystique and cuts the taint of crass commerce from such transactions.

Read full article HERE.