Over 1,200 works from the Polaroid Collection of Photography headed to auction at Sotheby’s on June 21/22, 2010. The sale, by order of the U.S. Bankruptcy Court for the District of Minnesota, was widely criticized for fragmenting the collection of over 24,000 objects. Despite the controversy, the works surpassed their pre-sale estimate, garnering $12.4 million. [...]

Typically, I get the news I need on the weather report, but a recent string of high ticket art sales has been difficult to ignore. I’m not sure if this is indicative of a waning recession or emblematic of the liquidity of some collectors. Maybe both, as Bloomberg notes that recent sales “reflected confidence in [...]

A West L.A. art collector, who reportedly could recoup $25 million for 11 stolen Andy Warhol paintings would rather waive the money than deal with hassle of investigation. From LA Times. Entertainment Lawyer Chad Fitzgerald weighs in on the copyright suit involving Chris Rock’s documentary Good Hair, noting, “[the plaintiff] will have a steep uphill [...]