Art Market Minute
The $12.7 Million Painting That Exposed a Museum Scandal
Plus, major works from Agnes Gund's collection head to Christie's.
Sonia Manalili &
Margaret Carrigan
Share This Article
Chinese authorities have concluded a sweeping investigation into a major scandal at the Nanjing Museum, uncovering decades of alleged mismanagement and corruption that allowed nationally significant artworks to be diverted into the private market.
Mark Rothko, No. 15 (Two Greens and Red Stripe). Courtesy of Christie’s.
Plus, three Modern masterpieces by Mark Rothko, Cy Twombly, and Joseph Cornell from the collection of legendary arts patron Agnes Gund will headline Christie’s marquee week in New York this May, where they are expected to bring in at least $123 million dollars all together. And choreographer Florentina Holzinger has joined Galerie Thaddaeus Ropac as commercial interest in performance art grows.
For more need-to-know intel, subscribe now to The Back Room, our lively recap funneling only the week’s must-know intel into a nimble read you’ll actually enjoy delivered straight to your inbox every Friday.
Related Articles
-
