Seconds often make the difference between life and death and new technology makes the difference…
In an effort to stave off financial disaster, an elite group of economically- challenged American Jewish businessmen, investment firms and private individuals have put some of their most prized art collectibles up for sale via Israel’s Matsart auction house.
Several of the sellers have reportedly been decimated by the sub-prime real estate market and Wall Street crises.
On Sunday, November 30, hundreds of local art aficionados will flock to Jerusalem’s King David Hotel, where Matsart will unveil 52 renowned paintings – including works from Pablo Picasso, Camille Pissarro and Ludwig Blum – for sale to the public. The auction, to be telecast worldwide via the artonline.co.il website, is expected to raise millions of dollars for Matsart’s clients. The auction also has a tzedakah component, as 10 percent of the proceeds will be donated to outreach organizations across Israel.
A Matsart spokesperson told The Jewish Press, “Some of the consignors are looking to raise capital for the daily running of their businesses, as well as to have access to hard cash to capitalize on possible investment opportunities. Some other businessmen and private individuals are preparing for the worst by requesting that monies from the sale of their artworks be placed in their private Israeli shekel bank accounts.”
The famous Camille Pissarro painting that will be auctioned off in Jerusalem this weekend
From an art collector’s perspective, the availability of rare masterpieces that had been off the market for years is a much hoped for opportunity for those who can afford them. “Some of the masterpieces are being offered for the very first time, and Israel is known as a great venue for art collectors from around the world,” added the Matsart spokesperson.
Matsart Auctioneers and Appraisers was established in 2006 as the outcome of a merger between Ramat Gan-based Matsa and the Lucien Krief Gallery in Jerusalem. The company holds at least three art auctions per year, showcasing over 1,000 artworks. Matsart has over 7,800 collectors and investors worldwide who receive their fine art catalogs, with nearly half of the potential buyers residing in North America.
According to Matsart, both the Picasso and Pissarro paintings are expected to fetch well over a million dollars apiece for their consignors. However, no one can gauge the exact selling price within the unpredictable bidding process. Nevertheless, the earned monies will be used to prevent several unnamed prominent members of the American Jewish community from falling into a financial abyss.
About the Author:
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
“People who never buy cookbooks are getting this one,” said Victoria. “They read it cover to cover and find it so interesting.”
We have recently witnessed how other minorities deal with even perceived danger aimed at their brothers and sisters. They respond in great numbers.
“The objective behind establishing small communities as places for relocation was a remedy for the excessive cost of housing and education in the large New York metropolitan market,” Mr. Savitsky explained.
Jewish Democrats did not entirely trust the son of Joseph Kennedy, a man broadly considered to be both anti-Semitic and pro-Nazi.
The teenage years are not about surviving. They are about thriving.
Every moment was a gift. I held each one, savoring.
We arrived in Auschwitz on Thursday, January 30, 2014. My seminary was taking us to see where the prisoners were kept. When we got there, I stepped off the bus in complete and total silence. I was in the back, and when we got to the gate I hesitated and started shaking uncontrollably. I couldn’t […]
From the moment Israel was declared a Jewish state, it has been the subject of controversy and struggle.
Now that Pesach is over, we return you to your regularly-scheduled pressing questions: Dear Mordechai, Can I use a nose hair trimmer during Sefirah? Harry Lipman Dear Harry, Yes, as long as your nose hairs are so bad that they’re affecting your job. Like if you have a desk job, and they interfere […]
It is very natural for kids to want attention and to be jealous of each other, especially when there is a new baby.
During the Second World War, a million and a half Jewish soldiers fought in the Allied armies, the Partisan units in Eastern Europe, and the anti-fascist underground movements in Western Europe and North Africa. These Jewish fighters won over 200,000 medals and citations. The Museum of the Jewish Soldier in World War II in Latrun, […]
As of Tuesday, all IDF forces operating in Gaza withdrew and redeployed to holding positions around Gaza.
The sophisticated cement tunnels, which cost hundreds of millions of dollars, were reportedly built with Qatari government funds.
Israeli Prime Minister Benjamin Netanyahu told the nation on Tuesday afternoon that if the rocket fire did not stop by Tuesday evening, he would order “an even harsher” military response.
“They were abducted and murdered in cold blood by human animals,” Netanyahu said shortly after the bodies were found.
Awad had been released as part of the Gilad Shalit kidnapping deal. Mizrachi’s widow, Hadas, told Israeli reporters that she had opposed the release of murderers as part of any kidnapping deal, and that Awad “deserved the death penalty so he wouldn’t kill again.”
If the abductors’ goal was to force Israeli authorities to release long-serving Palestinian prisoners, the effort backfired as Israeli forces are quickly rolling up what was left of Hamas in the West Bank and are reportedly contemplating the overthrow of the Hamas leadership in Gaza should harm come to the three teenagers.
Printed from: http://www.jewishpress.com/sections/features/financially-strapped-jewish-elite-auctioning-their-masterpieces-in-israel/2008/11/26/
Scan this QR code to visit this page online: