Christie’s is using a variety of techniques to get the paintings out of Europe and over to the unquenchable NY market. Recently, that has meant fronting legal fees for WWII-era restitution claims. But now we hear of a new method, which we might call accidental-but-actually-intentional smuggling.
The case centers around an oil sketch of The Hunt of Meleager and Atalanta by Rubens. The picture was the star lot in Christie’s old master sale in London in December of 2005, going for £3,144,000. The Art Newspaper reports that name of the buyer has not emerged, but he is understood to be a private collector from the New York area. Read the rest of this entry »