American Museums Hold The Highlight On Korean Art The New York Times
(The 1987 portrait Ada and Louise went for $1.2 million at Christie’s London.) Then, last October, Phillips London reset the document when the 1972 painting Blue Umbrella I soared past its $1.4 million presale estimate to make $4.1 million. Rumors floated, suggesting that works from his holdings—including top-quality pieces by the likes of Picasso and Gerhard Richter—would appear on the block as early as May. Despite challenging circumstances, Paris+ Art Basel’s second edition is bringing excitement to the French art market, with galleries assured in showcasing masterpieces and overseas collectors exhibiting robust curiosity. However, questions stay in regards to the…