Archive for August, 2012

In Memoriam: Geli Mikhailovich Korzhev (1925 – 2012)

Aug 31st, 2012 | By

Geli Mikhailovic Korzhev, prominent 20th century Russian painter, died this week after losing his leg recently.  Russia lost one its most important and interesting artists of the second half of the 20th century. Born in 1925 in Moscow, Korzhev’s philosophy and art was influenced by the social context and standards that defined life in the
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Guardian: Berezovsky loses case against Abramovich

Aug 31st, 2012 | By

Friday, 31st August 2012 The Chelsea football club owner, Roman Abramovich won a high court action against Boris Berezovsky, over a disputed £3bn debt. Berezovsky, 66, was in the London courtroom and heard the judge, Mrs Justice Gloster, rule that he had lost his claim, which involved allegations of blackmail, breach of trust and breach
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Christie’s to test the market with major Kandinsky

Aug 30th, 2012 | By

Christie’s has announced the first major painting for its autumn sales in New York, an important Kandinsky which should sell well because it will attract both Russian and International bidding.  “Study For Improvisation 8” is from the artist’s “Improvisations” series and is being sold by the Volkart Foundation, a charitable trust established by the 160-year-old
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The Bubble in the Chinese Art Market

Aug 25th, 2012 | By

It has been rumoured for a few years that the astronomic growth rate attributed to the Chinese art market was exaggerated.  Western buyers who tried to participate in auctions on the Chinese mainland said it was difficult and that there was no clarity on what was going on or the final price achieved.  Western journalists
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