Word: auctions
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...than British enfant terrible Damien Hirst made in 2006. In March, a sale of modern Indian art in New York City raised a record $15 million, including just under $800,000 for Captives, a stark evocation of desiccated torsos by New Delhi-born Rameshwar Broota. Two months later, an auction in London elicited $1.42 million for a Tantric-inspired oil painting by India's Syed Haider Raza. Even in Vietnam, idyllic rural scenes coated in the country's distinctive lacquer that sold for a few hundred dollars a few years ago are now selling for 10 times that. A gouache...
...successfully hushed up for many years. In 1891, the Duke of Clarence, son to King Edward VII, paid £ 200 to secure indiscreet letters he had sent to a prostitute. The case came to light only five years ago when a letter to his lawyer was sold at auction...
...relieved in the last two galleries by the delightful impressionistic works of Mariano Fortuny and Joaquín Sorolla, including the latter's sun-dappled Young Boys on the Beach. The show also boasts a dozen drawings by Goya, including the phantasmagoric Winged Bull, which the museum bought at auction last year for $2.6 million...
Collaboration between art and fashion has a long history. Designers like Coco Chanel and Christian Dior were famously inspired by artists like Jean Cocteau and Christian Bérard. But in the current age of opulence, in which contemporary artworks sell at auction for tens and sometimes hundreds of millions of dollars, the relationship has become even more entwined. Art fairs like Miami Art Basel and the Venice Biennale have emerged as important marketplaces for luxury brands like Gucci, Cartier and Bulgari. A fashion-forward designer like Jacobs works with trailblazing artists like Prince and Japan's Takashi Murakami...
...latest purchase means that five heads are there already. Two are in a private European collection, and five are missing. But plenty of China's past is being hawked in the meantime. The Sotheby's auction that was to have included the horse head will feature items not necessarily looted but at least traceable to Qing palaces, including a jade seal worth up to $2.5 million and two paintings worth up to $1.9 million each. Those are high prices, but patriotic tycoons are happy to pay them...