Lindsay Pollock went to Sotheby’s Old Master sale to get a few quotes from the loquacious Richard Feigen:

“There is new money coming onto the field,” said New York dealer Richard Feigen, bidding from the front row. “The word is out that this is a good place to park money.” Feigen was outbid on two 14th-century paintings, including Francesco di Vannuccio’s delicate gold-ground “Madonna and Child” reliquary which sold for $1 million, doubling the $500,000 presale high estimate. Feigen was bidding on behalf of a major U.S. art museum he declined to name.

Beauty, Beast Earn $6.8m as New Money Buys Old Masters (Bloomberg)