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Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

The extraordinary boom in modern Indian art

Despite a general art market downturn, modern Indian art auctions have seen extraordinary demand. Over the past two weeks, sales at Christie’s in New York, Saffron Art in New Delhi, Pundole’s in Mumbai, and Sotheby’s in London all sold out. Sotheby’s London sale raised £19 million, more than five times its estimate, led by record-breaking works from Francis Newton Souza, including *Houses in Hampstead* (1962) sold for £5.6 million and *Emperor* (1957) sold for £5.2 million. The article traces Souza’s rebellious career, from his expulsion from school in Mumbai for pornographic graffiti, to his founding role in the Progressive Artists’ Group, his struggles in England and the US, and his eventual death in 2002 with little recognition.

sasan ghandehari lawsuit christies picasso auction guarantee 1234749641

Collector Sasan Ghandehari has filed a lawsuit against Christie’s in the High Court of England & Wales, alleging the auction house failed to disclose that a Picasso painting he guaranteed was owned by a man convicted of drug-related charges. The work, Picasso’s *Femme dans un rocking-chair* (1956), was offered in a February 2023 London evening sale with a third-party guarantee from Ghandehari’s company, Brewer Management Corporation (BMC). Ghandehari claims Christie’s told him the owner was José Mestre Jr., but the painting actually belonged to his father, José Mestre Sr., who was sentenced to nine years in prison after 202 kilos of cocaine were found on a cargo ship in 2010. The lawsuit seeks to cancel the guarantee contract and recover a £4.8 million partial payment.

tudor portrait auction record 2724121

A 16th-century portrait of Thomas Howard, the 4th Duke of Norfolk, by Hans Eworth sold for £3.2 million ($4.2 million) at Sotheby’s Old Masters sale in London on December 4, setting a record as the most expensive Elizabethan portrait ever sold. The painting was purchased by the art advisory Clore Wyndham on behalf of the Duke of Norfolk and the trustees of Arundel Castle, where it will be displayed. The work, painted in 1562, depicts Norfolk at the height of his political power, dressed in opulent Tudor fashion, and is one of only two known portraits of him.

man ray rediscovered 2663935

A rediscovered watercolor sketch by Man Ray, created in 1913 when he was in his early twenties, has resurfaced after decades in an attic and sold for £18,000 ($24,000) at Dreweatts auction house in Newbury, England, on July 10. The work, titled *Nude Playing Musical Instrument [Study for “Tapestry Painting”]*, is a preparatory study for a lost larger oil-on-linen tapestry and offers rare insight into the artist's pivotal transition from traditional painting to avant-garde experimentation inspired by European modernism encountered at the 1913 Armory Show.

At 87, Larry Poons Is at the Height of His Painting Power: ‘There Are No Rules’

At 87, New York-based artist Larry Poons remains highly productive, with two works featured in Artnet Auctions' GEMS: Collecting Post-War Abstraction, live through September 24, 2025. The paintings—To Have Missed the Walk (2014, est. $160,000–$180,000) and Jarrett (2019, est. $60,000–$70,000)—exemplify his color-driven, gestural abstraction. Poons, who studied at the New England Conservatory of Music before turning to painting at the School of the Museum of Fine Arts, is also showing in Yares Art's group exhibition "Fields of Color V" and recently had a solo show there, "Provocation, Iliad: Powers + Spells." In a studio visit, he discussed his process, his early career, and his belief that painting has no rules.

dorset museum sherborne almshouse triptych 1234763609

The Dorset Museum & Art Gallery in England has launched a fundraising campaign to acquire a rare 15th-century Netherlandish altarpiece, known as *The Master of the Sherborne Almshouse Triptych*, valued at up to £3.5 million ($4.6 million). The work is set to be auctioned by Sotheby’s in an Old Master evening sale next month, and the museum aims to prevent it from entering a private collection or being exported. The triptych, which depicts five healings of Jesus Christ, was hidden during periods of iconoclastic destruction and rediscovered in St. John’s Almshouse in Sherborne in the 19th century; it has only left the site twice, for exhibitions at the Royal Academy in 1923 and the Victoria and Albert Museum in 2003.

New Light Art Charity to Auction Prestigious Northern Collection in Newcastle

The Northern England-based charity New Light Art has announced the forced sale of its prestigious permanent collection due to a critical lack of funding. Comprising over 80 works by prominent Northern artists such as Norman Ackroyd and Anne Desmet, the collection will be auctioned at Anderson & Garland in Newcastle on April 2, 2025. The decision follows the departure of a long-term patron and rising logistical costs, with proceeds intended to keep the charity’s exhibition and education programs operational.

titanic gold pocket watch sets auction record 1234763383

A gold pocket watch recovered from the Titanic wreck, owned by Isidor Straus, sold for £1.78 million ($2.33 million) at Henry Aldridge and Son Auctioneers in Devizes, England, setting a new auction record for Titanic memorabilia. The 18-carat Jules Jurgensen watch, engraved and given to Straus on his 43rd birthday in 1888, stopped at 02:20 when submerged. Straus, a Macy's partner and former U.S. Congressman, perished with his wife Ida on the Titanic in 1912. The sale also included other items totaling £3 million, such as a letter by Ida Straus and a Titanic passenger list.

Rare Atlas Owned by Queen Mary I Heads to Market—With $1.6 Million Price Tag

A rare 16th-century atlas, once owned by Queen Mary I of England, is being offered for $1.6 million at the New York Antiquarian Book Fair. The volume, which contains unique early maps of Britain, was acquired by dealer Barry Lawrence Ruderman Antique Maps Inc. for $227,000 just two years ago and is now presented as a major artifact of Tudor history.