by Norman Mingo
The New York Times reported this week that Sotheby's and Christie's brought $500 million worth of art work to Russia so that wealthy potential buyers could preview the works. The pieces include those by Kandinsky, Picasso, and Francis Bacon and will be auctioned later this month in London and in early November in New York. This was a smart move by the two giant auction houses who are doing everything they can to keep prices up during the economic crisis.
In other art news, three dozen pages of original Mad Magazine artwork are being offered for sale at Heritage Auction Galleries in Dallas. The complete sale is expected to fetch between $250,000-$400,000. Bidding will begin on November 14. An October 29 preview will be held at the Museum of Comic and Cartoon Art in New York from 10 a.m.-5 p.m.