Lawrence Salander, Halsey Minor Auction Artwork To Pay For Fraud, Debt
Two great art collections are being auctioned off to pay for two great misdeeds.
This past weekend saw the first of two auctions of disgraced art dealer Lawrence Salander's extensive collection.
Salander pleaded guilty to grand larceny and defrauding such famous clients as Robert De Niro and John McEnroe.
According to DNAinfo, "Art buyers snapped up carved Chinese hardwood tables, Japanese porcelain, sandstone Buddha carvings from Thailand and more than 60 rugs and carpets at Sunday's auction at Stair Galleries upstate in Hudson, N.Y."
And not to be outdone, tomorrow CNET founder and severely debt-laden Halsey Minor will be selling off his collection at Phillips de Pury.
Writes the Post:
The collection -- 96 works by such artists as Jeff Koons, Andy Warhol, Ed Ruscha and three pieces by Richard Prince including "Nurse in Hollywood #4" -- is expected to fetch about $25 million, enough to cover the $22 million loan from ML (Merrill Lynch) Private Finance that Minor defaulted on.