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Picasso sells for $215m, despite a sagging art market

The 1932 portrait of Marie-Thérèse Walter was on the auction block for four minutes as three collectors fought to gain the upper hand.

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Picasso sells for $139 4 million, despite a sagging art market

A brilliant blue painting by Pablo Picasso of his young mistress was crowned the prized lot of the November auction season so far after it sold at Sot

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Picasso Sells for $139 4 Million in a Sagging Art Market

The blue-chip collection of Emily Fisher Landau sold at Sotheby’s on Wednesday night for a total of $406.4 million.

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Art on Tax Evasion | Erich Schneiderman

Art on Tax Evasion | Erich Schneiderman
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How the art market works: The weird economics of top-tier contemporary artworks

The resurgent $US65 billion market has led to rampant speculation around the work of young artists – who gain little of the profit.

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