The Financial Times reported that creditors of a bankrupt Russian bank are likely to decide the fate of Kazimir Malevich's The Black Square. The painting could be worth about $20 million on the open market, but an export license from Russia’s culture ministry is unlikely, possibly forcing the bank’s liquidators to auction it domestically at a lower value. Inkombank held the work, with three versions in state museums and the fourth in a warehouse; a license to export could unlock international sale, while a refusal would hurt creditors.
Patrick Marnham writes about the art scandal surrounding Georgia O'Keeffe, describing the discovery of a lost sequence of her pictures in 1987 and the controversy after it was discredited in the following year. The piece centers on a mysterious art scandal in New Mexico.
Franklin D. Roosevelt and Eleanor Roosevelt memorabilia and furnishings were sold at Christie’s for $2.67 million, surpassing a pre-sale estimate of $1.8 million. The collection consisted of about 3,000 items in 569 lots across a two‑day sale, with top items including Jonas Lie’s oil landscape Amber Light ($149,000) and a silver-framed photograph of Frank Salisbury’s portrait of FDR ($75,375).