Odalisque by Boris Kustodiev
Three years ago in London a painting was sold at Christie’s for £1.69m. However, Russian officials have now decalered this painting a fake.
The painting, Odalisque is an oil on canvas which depcits a nude woman reclining on a bed and was presented as a work by Boris Kustodiev, a 19th-century Russian artist. But Rosokhrankultura, the Russian cultural watchdog, has listed Odalisque as a forgery.
So far,two Russian museums have also come forward and backed this claim, reporting that the painting is by an unkown artist. The owner who …

Investing in Art is perhaps something that was unheard of even 10 years ago. As we all know, famous masterpieces appreciate in value and not depreciate. Not often but sometimes it can be a wonderful deal when the piece of art fetches the returns on investment in a big way. Perhaps more rare is perhaps a masterpiece being discovered in an obscure flea market and sold off for ten times the price it was bought for. In this digital age however, it’s more and more difficult to separate the genuine …

One person who you would perhaps expect not to be inclined to agree is Damien Hirst. Referred to some as the father of ‘Britart’…

The total sale on Wednesday at Christies was well below the low estimate – but these figures that were estimated in June were a galaxy away. A lot has happened in the global markets since then. However, one positive outcome of the high end art market struggling to make even the lowest estimates at the leading auction houses is the huge expansion of contemporary art, increasing by some 250%.  Alex Rotter, Sotheby’s head of contemporary art reported that this year’s November sale came in at $125 million which mirrors that …

The world financial system is collapsing and whilst art is selling for lower prices than pre-economic doom, it is attracting more interest than ever before. It seems that investing in art is becoming a wider trend.
A collection of photos by the contemporary American photographer William Eggleston completely sold out in New York; Sotheby’s and Christie’s have also announced their second-highest totals for an autumn contemporary art sale in London; and at the Frieze and Zoo art fairs, some dealers reported bullish sales (see Market News).
# Market News: Quieter Frieze art …

If you are an art collector or maybe an art dealer, perhaps you are an art expert or if you are is it that you are just interested in seeing new contemporary art? Well, this month brings the opportunity to see hundreds of new paintings, installations, sculptures and meet the some of the artists, all under one roof. The ShContemporary 08 fair in Shanghai is the place to be. Also, despite this being the main attraction and if you are still thirsty for more, the Shanghai Biennale and the Shanghai …

Investing in Art is perhaps something that was unheard of even 10 years ago. As we all know, famous masterpieces appreciate in value and not depreciate. Not often but sometimes it can be a wonderful deal when the piece of art fetches the returns on investment in a big way. Perhaps more rare is perhaps a masterpiece being discovered in an obscure flea market and sold off for ten times the price it was bought for. In this digital age however, it’s more and more difficult to separate the genuine …