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31.10.2008, 01:19

Art world paints a brighter picture

Fine art seems to be holding its value despite the financial crisis. A painting by a Russian avant-garde artist is expected to fetch as much as $US 60 million when it goes under the hammer in New York next week.

27.11.2008, 04:23

Art sales hit by credit crunch

Four of London’s most prestigious auction houses are holding a week of Russian art sales. They’re trying to sell more than $113 million worth of paintings, Faberge items, Orthodox icons, silver and porcelain. It’s the first major test for the Russian art

Whodunnit? Not me! Russian artist tells Sotheby's

Published: 29 May, 2008, 23:23

“A View of the Kremlin” by a mystery artist

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Russian painter Ilya Glazunov claims London auction house Sotheby’s is selling a picture attributed to him – despite the fact that he didn't paint it.

The artist denies any connection with the piece, describing it as a “terrible piece of low quality work” that brings shame on his good name.

The work entitled “A View of the Kremlin” was due to be sold in June. It was estimated that it would be sold for around US$ 24,000.

The auction organisers have been asked to to remove the picture from the sale.

 

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