Art Industry News: Saudi Royals Are Selling Off Art, Jewels, and Yachts as the Crown Prince Tightens Purse Strings + Other Stories

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Saudi royals are selling off art, jewels, and yachts as the Crown Prince tightens purse strings + more art industry news:

A Pissarro painting that was subject to a legal battle between the heirs of a Jewish couple whose collection was seized by the Nazis and a Jewish family who bought the work in 1994 will be sold at auction in May after the two parties reached a confidential settlement.is expected to fetch between $1.2 million and $1.8 million at Christie’s New York on May 14.

Stakeholders have said that such a session could not be held in a country that has damaged or destroyed nearly 100 cultural sites in Ukraine during its ongoing invasion. A splashy benefit dinner and auction helmed by Simon de Pury in Venice last week raised more than €1.2 million for humanitarian efforts in Ukraine. The funds will be distributed to organizations including Museums for Ukraine, the Maria Prymachenko Foundation, the Ukrainian Emergency Pavilion, and Ukrainian Emergency Art Fund.

 

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I think they need a lof of money for all their social Projects making the world a better place, because they are the good one.

Too bad he can't sell his fake Leonardo painting.

Jared Kushner Intel doesn't come cheap

brooklynmarie I’m *so* tempted to be outrageously politically incorrect right now.

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