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epstein files art deals loans llcs

Thousands of documents released by the U.S. Department of Justice reveal that convicted sex offender Jeffrey Epstein was the hidden architect behind billionaire Leon Black's multi-billion dollar art investment and financial strategy from 2012 to 2017. Epstein managed Black's vast collection, valued at $2.7 billion in 2016, setting up LLCs, negotiating loans and commissions with major auction houses and galleries, and deploying the art for tax and estate planning.

Van Gogh goes to China, with a more affordable early painting

Christie's is auctioning Vincent van Gogh's early painting 'A Girl in a Wood' in Hong Kong on March 27, with an estimate of $1.3m-$2.6m. The work, recently redated to August 1883, is being offered directly in Asia, bypassing major Western previews, to target Chinese collectors.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

Artists Zadie Xa and Dominic Chambers contribute works to Art of Wishes auction raising funds for critically ill children

The Art of Wishes charity auction, founded in 2017 by Batia Ofer, is holding its fifth gala in October 2025 at the Chancery Rosewood in London. Artists Zadie Xa and Dominic Chambers have contributed works: Xa's 'Worlding (2025)' (estimate £30,000-£50,000) and Chambers' 'In Safe Keeping (2025)' (estimate £50,000-£70,000). Other consignments include pieces by Ron Arad and Deborah Azzopardi. The 22 works will be viewable at Phillips auction house in London from 9-12 October and online. The auction has raised over £13 million for Make-A-Wish UK since 2017, granting over 5,000 wishes to critically ill children.

Lacma acquires self-portrait by long-overlooked female Old Master

The Los Angeles County Museum of Art (Lacma) has acquired 112 objects through six new acquisitions made during its 39th Collectors Committee Weekend, which raised over $2.5 million from 62 members. Highlights include a rediscovered self-portrait by Virginia Vezzi (1600-38), a long-overlooked female Old Master; works by Japanese American artists Chiura Obata, Tokio Ueyama, and Mine Okubo created during the Exclusion Era; colonial-era paintings from Mexico by Manuel de Arellano; a photographic triptych by Hiroshi Sugimoto; and the Mary Hunt Kahlenberg Collection of 101 Indonesian textiles dating to the early 15th century.

Christie’s Auction Rakes in $1.1 Billion as Pollock Sells For Triple Record Price

Christie’s generated $1.1 billion in back-to-back evening sales on May 18, driven by record-breaking prices for major artworks. The top lot was Jackson Pollock’s 1948 drip painting *Number 7A*, which sold for $181.2 million with fees, tripling the artist’s previous auction record. Other highlights included Constantin Brancusi’s *Danaïde* (ca. 1913) at $107.6 million, Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* (1964) at $98.4 million, and Alice Neel’s *Mother and Child (Nancy and Olivia)* (1967) at $5.7 million. The sales featured works from the collections of S. I. Newhouse and Agnes Gund.

Leaner, nimbler and more discreet: why some art advisory firms are growing in a downturn

A growing number of "super advisory" firms are being founded by former top-level auction house executives, offering leaner, more discreet art advisory services without the high overheads of major auction houses and galleries. Notable examples include Art Intelligence Global (AIG), launched by Amy Cappellazzo and Yuki Terase after leaving Sotheby's, and Patti Wong & Associates, founded by former Sotheby's Asia chair Patti Wong. These firms leverage decades of experience and personal client relationships to compete in a cautious market where major auction houses have cut staff and digitized operations.