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Greek Financier Pays Christie’s $29 Million for a Picasso

A Greek financier based in London paid Christie’s $29.1 million on Tuesday for a Pablo Picasso painting that was once caught up in a daring World War II-era rescue.
Dimitri Mavrommatis, a longtime collector of French porcelain who also keeps a home in Paris, outbid at least seven rivals for Picasso’s “Seated Woman, Blue Robe.” Christie’s only expected it to sell for up to $13 million.
Christie’sPablo Picasso’s 1939 “Seated Woman, Blue Robe” sold to a Greek financier for $29.1 million at Christie’s in London on Tuesday.
The painting’s history may have added to its allure: Picasso painted the angular, indigo-hued portrait of his girlfriend Dora Maar in late 1939 and sent it to his dealer Paul Rosenberg in Bordeaux. When the Nazis occupied parts of France a few months later, soldiers confiscated the Jewish dealer’s art and sent “Woman” to the German Embassy in Paris with plans to forward it on to Adolf Hitler’s art depot in Moravia.
At some point in all this shuffling, members of the French Resistance slipped in and rescued the painting. “Woman” was eventually returned to Mr. Rosenberg.
“Woman” also capped Christie’s $227.1 million evening sale of Impressionist and modern art — a total that easily surpassed the house’s $185.4 million minimum sale target.
video bonus : Got a spare £12 million? Buy this Picasso One of Picasso’s most celebrated paintings ‘Jeune Fille Endormie’ is up for sale. Gemma Haines from Reuters reports.

Artspace the Latest Online Art Commerce Experiment

Artspace co-founders Catherine Levene and Christopher Vroom

at ArtInfo

The Guggenheim, the Founder of MTV, and a Horde of Dealers and Artists Sign on for Artspace, the Latest Online Art Commerce Experiment. Artspace is the latest contender to enter the growing field of online art sales.
Joining a fast-growing landscape of online art sellers,, a virtual marketplace specializing in limited-edition prints by contemporary artists, launched end of March. The site will collaborate with a selection of big-name museums and galleries — including the Guggenheim, the Brooklyn Museum, David Zwirner Gallery, and Salon94 — to provide a mix of prints and original artworks ranging from $200 to $10,000.
The project is the brainchild of Christopher Vroom, founder of arts nonprofit Artadia, and Catherine Levene, former manager of the Web site DailyCandy. Backed by MTV founder and former AOL Time Warner COO Robert Pittman, financier Alexander Lloyd, and venture capitalists Pamela and RichardKramlich, Artspace has secured $1.2 million since its directors began fundraising in November. “We want to provide education, information, and access to a wide range of works by the best contemporary artists all in one place,” Vroom told ARTINFO.
Artspace comes on the heels of several different attempts to incorporate new media into the art world, none of which has been overwhelmingly successful. December’s VIP Art Fair, the world’s first online-only fair, boasted over 100 high-profile galleries but suffered from technical difficulties and mediocre sales. (New York dealer James Cohan, a co-founder of VIP, will also work with Artspace.) In February, Google unveiled the buggy but largely well-received Google Art Project, which offers virtual museum tours. A Pandora-style art recommendation engine,, will officially launch later this spring. Other Web sites, including those of Pace Prints and Jen Bekman‘s 20 x 200, have been selling limited edition prints online for several years.

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MISSONI Hotels bank on succes and accelerate expansion

MISSONI Hotel Kuwait
MISSONI Hotel Kuwait


Luxury Italian fashion house MISSONI unveiled its first luxury hotel in Edinburgh in 2009 and has since opened in Kuwait earlier this year. The Missoni Hotels project is developed by Rezidor Group (owners of Radisson Blu hotel brand too), the house of Missoni being responsible for design.By the end of 2013, two other Missoni hotels will be inaugurated in Oman and Turkey, while 2014 will see the opening in  Ilha de Cajaiba, Brazil, a project which is considered by Chief Creative Director Rosita Missoni as her absolute favourite. Speaking about the challenges of the project, Ms Rosita Missoni quoted the difficulty of imposing an understated design, avoiding the ”too much” tendency”. She also added the interior design of the Missoni Hotels is designed to feel warm, comfortable and cosy to the guests.

video bonus : Hotel Missoni Kuwait

Revealed: World’s most expensive apartment goes to the Ukraine’s richest man

at BornRich

rinat akhmetov worlds most expensive apartment

Lately, a London penthouse in the One Hyde Park property development was sold to a mystery buyer for a whopping £136 million ($222 million), which made it the most expensive apartment in the world. Now, the mystery buyer has been revealed, and he is the Ukraine’s richest man. Rinat Akhmetov, worth £10 billion, has bought the two apartments at the top of the new property, and he plans to make a three-story penthouse. Since the flats were unfurnished when sold, Akhmetov has already planned to shell out another £60 million ($98 million) on renovations and interior design.


Collecting Matisse and Modern Masters: The Cone Sisters of Baltimore

 Collecting Matisse and Modern Masters: The Cone Sisters of Baltimore - The Jewish Museumat The Jewish Museum, New York, from May 6, 2011 to Sep 25, 2011
In the early 1900s Baltimore sisters Claribel and Etta Cone visited the Paris studios of Henri Matisse and Pablo Picasso and began assembling one of the world’s most important art collections. Supported financially by the successful Cone textile business, Claribel and Etta made frequent trips to Europe to purchase art. They often visited avant-garde writer Gertrude Stein and her brother Leo in Paris, and through them became acquainted with a wide circle of artists, musicians, and writers who influenced their collecting.

Etta Cone met Matisse in 1906, and her initial purchase of several drawings marked the beginning of a life-long passion for his art. Among Matisse’s first patrons, the Cone sisters befriended the artist and collected his work throughout his entire career. The sisters also acquired works by Picasso, including an important group of drawings from the artist’s early years in Paris and one of his signature Blue period paintings, which will be on view.

video bonus : The Cone Collection at the BMA in Baltimore


For the fans of Cars : 18 of the Worlds Rarest and Most Unique Automobiles

Worlds rarest cars on video as seen at the Allure of the Automobile exhibition which was going on at Atlanta’s High Museum of Art. Among them are the 1933 Pierce-Arrow Silver Arrow, 1934 Packard Twelve Runabout Speedster, formerly owned by Clark Gable, 1935 Duesenberg JN Roadster, formerly owned by Clark Gable, 1937 Mercedes-Benz 540 K Special Roadster, 1937 Bugatti Type 57S Atalante Coupe, 1937 Delage D8-120S Surbaisse, formerly owned by Louis Delage, 1937 Hispano-Suiza H-6C “Xenia” Coupe, 1938 Alfa Romeo 8C2900B Touring Berlinetta, 1938/39 Porsche Type 64 Coupe replica, 1953 Porsche 550 Le Mans/La Carrera Panamerica Coupe, 1955 Mercedes-Benz 300SLR W 196-S, 1957 Jaguar XKSS Roadster formerly owned by Steve McQueen, 1961 Aston Martin DB4 GT Zagato, 1961 Ferrari 250 Short-Wheelbase Berlinetta, SEFAC Hot Rod, 1948 Tucker Model 48 Torpedo, 1954 Dodge Firearrow III Concept Coupe, 1957 Cadillac Eldorado Brougham, 1959 Chevrolet Corvette Bill Mitchell Stingray Prototype

A Day made of Glass – Luxury in the Future… by Corning

Luxury in the future… by Corning

World’s most expensive Painting on show in London

by AFP. LONDON — Pablo Picasso’s Nude, Green Leaves and Bust, the world’s most expensive painting, was to go on display Monday for the first time in Britain at London’s Tate Modern museum. The 1932 painting set a world record when it was snapped up by a mystery bidder for $106.5 million (76.2 million euros) at New York’s Christie’s auction house last May.

It will be the first time the painting has been displayed anywhere since 1961 and prompted the famous London museum to create a new Pablo Picasso room to house the loaned work.

“This is an outstanding painting by Picasso and I am delighted that through the generosity of the lender we are able to bring it to the British public for the first time,” said Tate Director Nicholas Serota.

The painting depicts the Spanish artist’s lover and muse, Marie-Therese Walter, lying nude with the painter looking on. Picasso met Walter when he was 45 and she was 17 outside the Galeries Lafayette in Paris in 1927, while he was still married to Olga Khoklova.

bonus video : World Record: Picasso’s Nude, Green Leaves and Bust sells for $106.5 Million at Christie’s


The Nature of Luxury magazine launch!

Dear Readers let us wish You a Happy Valentine’s Day, especially for You who have reason to do, and hope all of You have one.

We choose this day to make the launch of our free luxury magazine as a gift especially for those who are members in our Group and our Community. I have to admit that we release it although there are some minor problems due to letter fonts but we decided it to launch today. Please consider this as a pilot of what expected to come. We want to have Your feedback, to hear Your recommendations and to welcome Your proposals. We will more happier to assist You in one of the various buys we propose in this issue.

click the image to view the magazine

In this issue among others:

   Is it maybe time to buy your own Castle?

   Bugatti what? Learn first!

   Is it a Jewel or a hands-free?

   Mission in Paris : Maison et Objet. Highlights of Maison et Objet 2011

   Lost and Found: Peru and the lost city of Machu Picchu

   The World’s Best Villas : private

   11 ideas for 2K11 : our list with Luxury must-have items

theULC members write

   YOU” RE THE TOP?: HIGH END DESIGN IN A LUXURY MARKETPLACE by Gail Green, Green & Company Interior Designers

   ON HOW TO PLAN AN EVENT by Sofia Bianchini Ciribifera, Owner and art director of 1000e20milleventi – Event and Wedding Designers Agency

Also available to see in a flipping book format



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