Artworks by Picasso, of Salma Hayek to be Auctioned
The U.S. Marshals Service is overseeing an online auction of etchings attributed to Rembrandt and lithographs by Chagall, Matisse and Picasso that were forfeited to the government after federal cases.
The deadline for bids is 2 p.m. U.S. central time on July 2, said Jason Rzepniewski, auction manager for Gaston & Sheehan Auctioneers, which is conducting the sale.
“It could easily exceed $1 million,” Rzepniewski said of the 245-lot sale.
Seventeen of the lots belonged to Marc Dreier, the New York law firm founder who pleaded guilty to federal fraud charges. Those lots include Robert Wilson’s 2006 video of actress Salma Hayek on a 42-inch plasma screen, which has a minimum price of $21,000. A framed print of “Untitled IV” by Kenneth Noland has a minimum bid of $3,150.
To contact the reporters of this story: Philip Boroff in New York at pboroff@bloomberg.net.
To contact the editor responsible for this story: Manuela Hoelterhoff in New York at mhoelterhoff@bloomberg.net.
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