Art News: Picasso Ring, Lichtenstein Sold for $165 Million, Pollock Found in Garage

The art world is full of fascinating exhibitions, intriguing discoveries, and moments that shape history. Here are some of the latest news items making art headlines.


Hand-Painted Pablo Picasso Ring For Auction

Picaso ring

Bague de Forme Ovale. Portrait de Dora Maar (Photo courtesy of Sotheby’s London)

A hand-designed ring by Pablo Picasso famously given to his muse and lover, Dora Maar, is going up for auction on June 21.

Artnet News reports Sotheby’s London is auctioning off the ring, which is expected to sell between $380,000 and $633,000. According to the story, Picasso and Maar had a tiff one night because Picasso was unhappy that she convinced him to trade artwork for a ruby ring. Infuriated, Maar ripped the ring from her finger and threw it into the River Seine.

Both Picasso and Maar came to regret the argument. Maar searched for the ruby ring, but her efforts were unsuccessful. The famous artist crafted a new ring, titled “Bague de forme ovale, Portrait de Dora Maar,” to give to her as a replacement. The ring remained in Maar’s collection until she died in 1997.


Lichtenstein Painting Sold for $165 Million to Fund Criminal Justice Reform

art news

“Masterpiece” (1962), Roy Lichtenstein (Image courtesy of Lindsey Davis)

Art collector and philanthropist Agnes Gund sold Roy Lichtenstein’s 1962 work, “Masterpiece,” for $165 million to create a fund supporting criminal justice reform in the United States.

The New York Times confirmed the sale as of June 12, making the painting one of the 15 most expensive artworks ever sold.

Gund says $100 million will go toward the new Art For Justice Fund, whose goal is to end mass incarceration. According to NPR, Gund is urging other wealthy collectors to sell “prized pieces” to support the effort. The fund will issue grants to groups and individuals working on criminal justice reform.

Lichtenstein was a leading figure in the Pop Art movement during the 1960s. He is renowned for paintings resembling comic strips.


Painting Discovered in Garage Could be a $15-Million Jackson Pollock

art news

A visitor to the Museum of Modern Art admires “One: Number 31” by Jackson Pollock (Photo courtesy of Gary Denham)

An auction firm claims to have discovered a painting by influential Abstract Expressionist Jackson Pollock hidden away in an Arizona garage.

CBS News spoke with Josh Levine, CEO of J. Levine Auction and Appraisal, about the discovery. Levine says his firm was contacted by a retirement community in 2015. When they arrived they discovered the painting among other items.

The artwork has been in the garage since 1992 when the owner, who is unnamed in the article, inherited it from his sister. Levine estimates the painting could fetch as much as $15 million.

The firm spent more than $50,000 in an effort to verify the painting is a genuine work by Pollock, who is known for his abstract splatter paintings.

Join Park West Gallery on Facebook, Twitter, Instagram, and Pinterest for the latest art news.

Leave a comment

Prove you\'re human. *

Latest News

  • Art Prodigy Autumn de Forest Named in Teen Vogue’s ’21 Under 21’

    Art prodigy Autumn de Forest had a special message for those attending the 2017 Teen Vogue Summit on December 1 and 2.“When you have something to offer that is ...
    Read More
  • Michael Cheval Finds the Absurd in Surrealism

    Donning a bowler hat, artist Michael Cheval bears a resemblance to artist René Magritte. The similarity is no coincidence, as Cheval’s art is heavily ...
    Read More
  • 5 Easy Ways How to Hang Artwork Without Using Nails

    Collecting art is a lot of fun, but hanging it when you get home is a little more complicated.After all, hanging your newly acquired masterpiece isn’t always an option ...
    Read More
  • 7 Quick Facts to Make You an Art Expert

    Park West Gallery’s mission is to provide individuals with the confidence, knowledge, and means to appreciate fine art.We also understand that art is a complex, diverse, and subjective subject, one ...
    Read More
  • Leonardo da Vinci’s ‘Salvator Mundi’ Heading to Louvre Abu Dhabi

    The most expensive artwork ever sold, Leonardo da Vinci’s “Salvator Mundi” (Savior of the World), is heading to the new Louvre Abu Dhabi.The new museum made the announcement on December ...
    Read More
  • 5 Fascinating Things You May Not Know About Joan Miró

    Few artists have had an impact on Modern Art like Joan Miró.Beginning his career in Spain in the early 20th century, Miró defied the art world with his groundbreaking, ...
    Read More
  • Alexandre Renoir Experiences Family Legacy at DIA’s ‘Monet: Framing Life’

    Last week, when artist Alexandre Renoir walked through the Detroit Institute of Arts’ latest exhibition, “Monet: Framing Life,” one particular feeling kept surfacing: pride.Alexandre is a direct descendant of ...
    Read More
  • 8 Breathtaking Works of Winter Art to Put You in the Holiday Spirit

    Can you believe it’s already December? If you can’t and are struggling to get into the holiday spirit, we recommend spending some quality time with a few exceptional works of ...
    Read More
  • Gift Guide: How to Give the Perfect Art Book as a Holiday Gift

    As we enter the holiday season, are you struggling to find the perfect gift for a loved one? If so, you might want to check out Park ...
    Read More
  • Auctioneer Spotlight: Denys Dixie

    Many of our Park West collectors develop friendships with the art teams over the course of their land or sea vacations. Here’s a chance to get to know one of ...
    Read More
  • Artist Matt Beyrer Sets Auction Records, Makes New Limited-Edition Art

    Artist Matt Beyrer sold all 30 of his unique oil paintings on wood during his debut auction in April, leading VIP Auctioneer Rob Ducat to make a bold prediction:“Get ready ...
    Read More
  • Artist Anatole Krasnyansky Speaks About Life and Art in New Video

    Never forget your culture, traditions, or where you came from—that’s the lesson noted artist Anatole Krasnyansky hopes viewers take away from his art.Last year, ...
    Read More