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The great estates race

THE ART NEWSPAPER | Sarah P Hanson:

There was a time, not so long ago, when the word “estate” in an art market context referred to the collection left behind by an august patron of the arts, to be battled for and divvied up across an auction house’s bargaining table. These days, however, an estate battle is more likely to be waged among high-­powered dealers for the works left behind when an artist dies. In the past 18 months, galleries have signed dozens of estates, giving them the often-exclusive right to represent the artist’s heirs or foundation in the marketplace…read more

Image | Jeffrey Sturges | Art © Estate of Tom Wesselmann |Licensed by VAGA, New York, NY. Courtesy Gagosian

 

2018-10-29T11:04:59+00:00