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leiden collection fractionalized thomas kaplan rembrandt 1234753075

Billionaire investor Thomas S. Kaplan, owner of the Leiden Collection—the largest private holding of Rembrandt paintings and other Dutch/Flemish Old Masters—has announced plans to fractionalize his art holdings, potentially offering shares on a public stock exchange. In an interview with the Art Newspaper, Kaplan cited his children's lack of interest in the collection and a desire to democratize art ownership, inspired by the NFT craze of the early 2020s. The collection includes Vermeer's *Young Woman Seated at a Virginal* (ca. 1670–75) and works by Frans Hals, Gerard ter Borch, and others, and is regularly loaned to major museum exhibitions.

Sale of Robert Rauschenberg’s Captiva Compound to Developers Ignites Backlash

The Robert Rauschenberg Foundation has sold the artist’s 22-acre Captiva Island estate to South Seas, a neighboring resort developer, for $45 million. The sale includes Rauschenberg’s former home, studio, and several cottages where he lived and worked for decades. The Foundation defended the move by citing the prohibitive costs of protecting the site against rising sea levels and hurricane damage, confirming that the prestigious Rauschenberg Residency program will now come to an end.

georges lemmen record auction 2647919

Belgian Neo-Impressionist Georges Lemmen's painting *Jeune femme faisant du crochet (Julie Lemmen)* (1890) sold for $698,500 at Sotheby's New York on May 14, shattering its $50,000–$70,000 estimate and more than doubling the artist's previous auction record. The Pointillist portrait of the artist's sister, Julie Fréderique Lemmen, had been in a private Florida collection since 1960 and was consigned through Sotheby's online portal. The sale drew over a dozen bidders, including a museum, two dealers, and five private collectors, and was backed by an irrevocable bid.

Robert Rauschenberg Foundation Estate Sold to Florida Resort

The Robert Rauschenberg Foundation has sold the late artist’s twenty-two-acre estate on Captiva Island, Florida, to the neighboring South Seas resort for $45 million. The sale includes ten buildings, most notably Rauschenberg’s custom-built 8,000-square-foot studio and his historic "Beach House." While the resort plans to integrate the property into its operations and host art-related programming, the foundation cited escalating maintenance costs and environmental risks from climate change as the primary reasons for the divestment.

Dalí Museum Acquires Dalí’s Largest Work: A Monumental Surrealist Ballet Set

The Dalí Museum in St. Petersburg, Florida, has acquired Salvador Dalí's largest known work, the monumental 1939 ballet set 'Décor de théâtre pour Bacchanale,' for €254,400 at a Bonhams auction. The work, over 20 meters high and 30 meters wide, consists of thirteen panels painted by Dalí as a backdrop for the Surrealist ballet 'Bacchanale' choreographed by Léonide Massine for the Ballets Russes de Monte-Carlo.

An Entire Paul Rudolph House Is Up for Sale at an L.A. Design Fair

The Walker Guest House, a 1953 architectural pavilion designed by Paul Rudolph, has been transported from Florida and reassembled inside the Pacific Design Center in West Hollywood. It is being offered for sale for $2 million as part of the Basic.Space L.A. high-design shopping event, complete with original furnishings and architectural drawings.