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Hong Kong to host auction of US$46.5 million Mark Rothko piece once owned by Jho Low

Cs news6 months ago02 mins

A Mark Rothko painting once owned by Malaysian fugitive financier Low Taek Jho will be auctioned in Hong Kong in November, in what is billed as the artist’s first major work to go under the hammer in Asia. Auction house Sotheby’s said over the weekend that the piece by the late American abstract painter would…

The Big Three Auction Houses Have New Hong Kong HQs. Let the Competition Begin

Cs news7 months ago011 mins

The Big Picture is excerpted from The Asia Pivot, Artnet Pro’s biweekly members-only newsletter providing mission-critical analysis, insights, and exclusive intelligence on developments in Asia’s art markets, with a focus on business opportunities and challenges. Subscribe here to receive it directly to your inbox. As the action-packed Seoul Art Week wrapped, the art world’s attention…