art collecting – The News Desk

A Ferrari Sold At Auction for $52 Million

13Nov

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World

A Ferrari Sold At Auction for $52 Million

A cherry red, 1962 Ferrari 250 GTO known for its rarity and winning race history has become the second-most expensive vehicle ever sold at auction.RM Sotheby’s sold the car for $52 million on Monday, below its $60 million asking price, as the market for collectible cars falters slightly along with other collecting categories. The top-selling car is a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, a prototype that was auctioned for $142 million last year and one of two ever manufactured. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Museum Sells Restituted Cézanne for $39 Million

Updated Nov. 9, 2023 9:53 pm ETA Paul Cézanne still life sold for $39 million on Thursday as part of a fundraising effort by a beleaguered Swiss museum.The 1890-93 scene, “Fruits and Jar of Ginger,” was sold by Museum Langmatt in the Swiss community of Baden as part of a broader campaign to renovate its 1900-01 art nouveau villa and establish an endowment. Before the auction could happen, the museum reached a restitution settlement with the heirs of a Jewish collector who previously sold the Cézanne under duress.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Egon Schiele Artworks Stolen by Nazis Returned to Family

Updated Sept. 20, 2023 2:39 pm ETListen to article(2 minutes)Several prominent museums and art collectors have returned artwork by Austrian expressionist Egon Schiele to the family of a Jewish cabaret performer who owned them before he was killed by the Nazis.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8