Auction houses like Sotheby's and Christie's are letting customers make bids online. Platforms like Artsy or Artnet are online only. How digitalization is changing the art world.
A painting by Italian artist Amedeo Modigliani has become the most valuable work ever sold at Sotheby's. Sales have spiked in recent months as private buyers and new galleries enhance their collections.
During World War II, some 600,000 paintings were stolen or displaced. Guidelines were established 20 years ago in order to return looted works to their rightful owners, but thousands are still missing.
The Italian painter's recently discovered portrait of Christ, "Salvator Mundi," has sold for a record-breaking $450.3 million (€382 million). The artwork, which went missing for several years, was once traded for $60.
When an art dealer spent $15,000 (€12,350) on a bundle of unseen art held in a New Jersey storage locker, he never expected to find potential multi-million dollar works by the likes of abstract master Willem de Kooning.
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