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Guaranteeing Picasso

Authors :
Decker, Andrew
Source :
ARTnews. Nov, 1999, Vol. 98 Issue 10, p98, 2 p.
Publication Year :
1999

Abstract

A Sotheby's customer has guaranteed Pablo Picasso's 1938 work 'Seated Woman in a Garden' for $40 million. It is believed that, if bidding goes above the $40 million guaranteed price by $2 million or less, the guarantor will receive all of the difference. The guarantor will be entitled to 50% of any amount beyond that.

Details

ISSN :
00043273
Volume :
98
Issue :
10
Database :
Gale General OneFile
Journal :
ARTnews
Publication Type :
Academic Journal
Accession number :
edsgcl.69379651