Wednesday, September 17, 2008

Auction House Owner Accused of Market Manipulation

Also from The Art Newspaper:

The owner of two of Australia’s leading auction houses has had to deny
rumours that he is buying back his own works, culminating in a complaint to
consumer authorities and a push towards industry self-regulation. Rodney
Menzies, the millionaire businessman and chairman of Menzies Art Brands, had
made no secret that Picasso’s 1954 portrait Sylvette—that was put up for sale in
his Deutscher-Menzies saleroom on 18 June—was being offered from his own


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