web analytics
September 2, 2014 / 7 Elul, 5774
At a Glance
Sections
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Financially Strapped Jewish Elite Auctioning Their Masterpieces In Israel


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.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Financially Strapped Jewish Elite Auctioning Their Masterpieces In Israel”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Candy-laden bulletin board greets children on their first day of school in the lobby of an Efrat apartment building. Sept. 1, 2014.
The message reads:
"To our dear children ... may it be a year of fun and happiness in your studies." 
Did You Know September 1 is an Israeli National Holiday?
Latest Sections Stories
LBJ-082914

What better proof do we need than the recent war with Hamas in Gaza, dubbed “Operation Protective Edge,” that transformed the pain and suffering of three families into a sense of unparalleled unity and outpouring of love of the entire nation of Israel?

Katzman-082914

So many families are mourning, and all along we mourned with them.

Astaire-082914

In addition to his great erudition, Rabi Akiva was known for his optimism.

Kupfer-082914-Chuppah

She told me that she was busy and that he could sit in his wet clothes for the rest of the day. It would teach him to be more careful.

What can we do to help him stop feeling so sad all the time?

Children with dyslexia or dysgraphia frequently have problems in social relationships.

Israel’s neighbors engaged in hostilities from the onset. The War of Independence was a hard-won battle. Aggression and enmity has followed for 66 years.

The contest will include student-created sculpture, computer graphic design, collage, videography, PowerPoint and painting.

David, an 8-year-old boy on the autism spectrum, recently attended a Friendship Circle event. As he entered he told his Dad, “I love coming to the FC programs ‘cause everyone loves each other.”

Goldsmith himself went on his own “voyage of discovery” to the places where his grandfather and uncle landed and were sent.

Frank proclaimed himself Zvi’s successor and the reincarnation of King David.

You’re probably wondering why the greatest advocate of fast and easy preps in the kitchen is talking about layer cakes, right?

Almost immediately the audience began singing and clapping and continued almost without stop throughout the rest of the concert.

As of late, vintage has definitely been in vogue in the Orthodox community.

More Articles from Steve K. Walz
: Israeli soldiers leave Gaza late Monday. A three-day cease-fire brokered by Egypt put an end, at least temporarily, to the fighting. See story, above.

As of Tuesday, all IDF forces operating in Gaza withdrew and redeployed to holding positions around Gaza.

Walz-080114-Map

The operation against the tunnels is a first and necessary step in the demilitarization of the Gaza Strip.

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.

Netanyahu brushed aside Lapid’s political threats, saying that he was either too politically inexperienced or unaware of the true nature of the peace negotiations with Abbas.

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: