Art News. Vasari Codex

trending_up market schedule Dec 12, 2025 visibility 12 link 11 artists, 2 galleries

kenny schachter aucton sales column

Kenny Schachter's column reveals that Jeff Bezos secretly bought Frida Kahlo's 1941 painting *Me and My Parrot* for over $130 million in a private auction hosted by Christie's in 2021, and that Mark Zuckerberg recently purchased René Magritte's 1964 painting *Le fils de l'homme* (The Son of Man) for roughly $150 million in another private treaty sale negotiated by Christie's. The article also discusses a new private auction Christie's is organizing for a major Magritte work valued north of $50 million, and critiques the growing influence of tech billionaires—the "Magnificent 7"—on the art market.

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trending_up market schedule May 8, 2025 visibility 14 link 12 artists

justin sun responds david geffen counter response giacometti

Hong Kong crypto entrepreneur and art collector Justin Sun has filed a new 100-page legal response in his ongoing lawsuit against megacollector David Geffen over Alberto Giacometti's sculpture *Le Nez* (1949/1965). Sun claims his employee Xiong Zihan Sydney stole the $78.4 million artwork—which he bought at Sotheby's New York in 2021—and sold it to Geffen without his knowledge. Geffen counters that Sun is experiencing "seller's remorse" and that the lawsuit is a sham. Sun's latest filing alleges that Geffen paid $2 million "under the table" to dealers David and Cole Tunkl to secure the piece, and reveals that Xiong has been detained in China since February at the Dezhou Detention Center.

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trending_up market schedule Sep 30, 2025 visibility 12 link 2 artists

claude monet sale bankruptcy george allen weiss

Financier George Allen Weiss is seeking court approval to sell Claude Monet's painting *Nymphéas* (1914–17) for $36.5 million to an unnamed buyer, as part of his bankruptcy proceedings. Weiss filed for bankruptcy in June after a federal judge ruled he owed over $100 million in debt tied to his hedge fund, Weiss Multi-Strategy Advisers, which also filed for bankruptcy in 2024. The sale, handled through Weiss's GW Crown Holdings LLC, is intended to cover $123 million in debt to Bank of America, but Jefferies Strategic Investments has filed a limited objection demanding the buyer's identity be disclosed, citing a comparable Monet that sold for $65.5 million at Sotheby's.

newspaper ARTnews open_in_new Read original

trending_up market schedule Jan 21, 2026 visibility 9 link 1 artist

the art marketplace private sales

A new digital platform called the Art Marketplace, founded in mid-2025 by Elliot Safra and a group of partners, aims to streamline private art sales by addressing common frustrations in the secondary market. Unlike traditional auction houses or gallery sales, the platform lists artworks without images, revealing only key details like artist name, description, price, and last update. Requests for images or condition reports are vetted to ensure qualified interest, prioritizing confidentiality and avoiding public exposure that could harm a work's market value. Sellers can list works in minutes, bypassing intermediaries like advisors or dealers, while buyers gain access to previously obscure off-market inventory.

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