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Source-linked reporting
theartnewspaper.com
The Art Newspaper reports that the Tate has negotiated an insurance arrangement related to its £24 million Turners stolen in 1994, and has subsequently bought back legal title to two Turners, Shade and darkness and Light and colour, from insurers for £8 million; the Tate will use £7 million to buy the gallery’s storage freehold, leaving £16 million from the insurance pay-off for other purposes.
theartnewspaper.com
Gary Hume, Sam Taylor-Wood and Cecily Brown are discussed as leading artists in contemporary and post-war art auctions. The article notes that the contemporary and post-war sales exceeded low estimates with 27 new records and low buy-in rates, covering multiple houses including Phillips and Christie’s in New York and London. Damien Hirst's work is mentioned with an estimated price of $300,000–$400,000.
news24.com
A private collector bidding by telephone paid a world record 2.9 million pounds (4.1 million dollars) for Salvador Dali's work My Naked Wife Watching Her Own Body, sold at Sotheby's London in a sale of surrealist art.
nypost.com
Robert Noortman purchased a Rembrandt Portrait of a Lady at Christie’s in London for $29 million, a world-record sum. The painting, titled Portrait of a Lady and dated 1632, was part of the Baroness Batsheva de Rothschild collection and features a 62-year-old woman believed to be Aeltje Uylenburgh.
nytimes.com
The article discusses Heinz Berggruen, a prominent art dealer, agreeing to sell a valuable 20th-century art collection to the German government for display in Berlin, including many Picassos. The sale would establish a Picasso museum in Berlin that rivals Paris’s Musée Picasso.
rte.ie
Heinz Berggruen sold his private art collection to the German Government at a signing ceremony with German Chancellor Gerhard Schröder. The collection features paintings by Picasso, Paul Klee, Henri Matisse, Vincent van Gogh and Paul Cezanne across multiple periods.