Art
Thirteen Picassos Sold in Two Days. One Firm Bought Them All
- Gurr Johns advisory buys $155 million worth of Picasso works
- Sotheby’s shares climb most in more than a year on earnings
An international art advisory firm went on a Picasso shopping spree, dropping $155 million on at least 13 works in two days.
Gurr Johns, which buys and sells on behalf of clients, won four pieces by the Spanish artist, totaling 73.8 million pounds ($102.4 million) at Sotheby’s on Wednesday, according to the auction house. One day earlier, the company won at least nine other Picasso works at Christie’s, according to Baer Faxt, an art industry newsletter, to the tune of 38.9 million pounds.