(The 1987 portrait Ada and Louise went for $1.2 million at Christie’s London.) Then, last October, Phillips London reset the record when the 1972 portray Blue Umbrella I soared previous its $1.four million presale estimate to make $4.1 million. Rumors floated, suggesting that works from his holdings—including top-quality pieces by the likes of Picasso and Gerhard Richter—would appear on the block as early as May. Despite challenging circumstances, Paris+ Art Basel’s second edition is bringing excitement to the French art market, with galleries confident in showcasing masterpieces and overseas collectors showing robust interest. However, questions remain about the market’s long-term growth and competitiveness compared to different world art hubs.
Plus, Chelsea gallery for Turkish art, cuts in Netherlands arts finances, and NEA and Amway, together finally. Art occasions on Governor’s Island, controversy over Bulgaria’s new Socialist Art Museum, Cook Fine Art sued for $5.three million, a “Beauty Contest” on the …

