Art Vault Planned for Beijing Airport

Bloomberg News reports a $100 million tax-free storage facility is planned adjacent to Beijing Capital International Airport to tap the booming Chinese art market. Euroasia Investment SA plans to build is to replicate its Singapore Freeport model with a maximum-security vault for art, gold and valuables. Collectors will be to store valuables without paying taxes […]

Museum Could Pay $200 Million for “Spooky Jesus” by da Vinci

The Dallas Morning News is reporting that the city’s museum of art is interested in purchasing a work by da Vinci. Dubbed “Spooky Jesus” by ArtInfo.com, the painting is currently in possession of the Dallas Museum of Art, but not on public view. Properly referenced as Christ as Salvator Mundi, it was re-attributed to the artist last July and […]

Pittsburgh Abstraction Kicks Off Tuesday Auction

Several works by Abstract painter Nathan Dunn kicked off today’s auction at Gray’s in Cleveland. The artist is closely associated with Cleveland’s rival city of Pittsburgh. Dunn studied at Carnegie Institute of Technology and became best known for his works throughout Pittsburgh, Ohio, and West Virginia. He also painted in Cape Cod, Massachusetts during the […]

Judge Rules $2.6 million Painting is a Fake

A judge in England recently ruled a painting purchased for more than $2.6 million from Christie’s in London is a fake. Christie’s must pay Russian billionaire buyer Viktor Vekselberg the $2.6 million, plus $2.2 million in damages, according to the Daily Telegraph. Originally thought to be painted by Boris Kustodiev, the signature was allegedly made […]