Here’s an interesting turn of events in the global art market. Colin Gleadell reports that Frank Cohen, the retail mogul and industrial-scale art buyer, is divesting himself of a number of works by Chinese, Korean, Indian, Iranian, European and American artists who were once all the rage in London and New York.
The sale takes place in September but Cohen’s selling the horde, which Gleadell estimates in the region of £5m, in Australia at Mossgreen’s. The auction house says one in five of their Asian customers is a Chinese who owns property in Australia:Continue Reading
