Monet Painting Sale: Debt, Bankruptcy, and Auction?
Monet painting offered to cover $123M debt amid Weiss's bankruptcy. Sale pending court approval and potential auction. Jefferies seeks buyer transparency. Similar Monet sold for $65.5M.
Blum Gallery Rethinks Model: Closing LA & Tokyo Spaces
Blum gallery is transitioning from the traditional model, closing spaces in LA & Tokyo. Cites exhaustion and a shift in the art market. Focus on partnerships and special projects.