Sotheby's And Christie's: A Rollercoaster Week For NY's Autumn Auctions
Sotheby's Emily Fisher Landau Collection triumphs in an expectation-setting selective Market, while Christie's 21st Century sale struggles.
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Sotheby's Emily Fisher Landau Collection triumphs in an expectation-setting selective Market, while Christie's 21st Century sale struggles.
The move, criticised by some, was deemed necessary by the museum's foundation to prevent insolvency. Markus Stegmann, the museum director, announced that after deducting buyer's fees, the foundation would receive approximately 42.3 million Swiss francs ($46.9 million), securing the museum's future through the creation of an endowment.
Several museums and collectors have surrendered artworks by Egon Schiele to investigators who say they were looted. But others are asserting that the evidence is inconclusive.
Christie’s will offer six of the seven pieces by Schiele that were restituted to heirs of Fritz Grünbaum last month during its November sales in New York
The Manhattan DA's office had issued seizure warrants for the works based on claims from the heirs of Fritz Grünbaum.