web analytics
August 31, 2015 / 16 Elul, 5775
At a Glance
Sections
Sponsored Post


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.

Current Top Story
Tunnel in the Kaiserburg
Nazi Gold Train Discovery May Bring New Claims from Holocaust Survivors
Latest Sections Stories
South-Florida-logo

The flag had been taken down in the aftermath of the Charleston shooting and was now back and flying.

South-Florida-logo

A light breakfast of coffee and danishes will be available during the program.

South-Florida-logo

A variety of glatt kosher food will be available for purchase at Kosher Korner (near Section 1).

South-Florida-logo

Jewish Press South Florida Editor Shelley Benveniste will deliver a talk.

Corey Brier, corresponding secretary of the organization, introduced the rabbi.

The magnificent 400-seat sanctuary with beautiful stained glass windows, a stunning carved glass Aron Kodesh, a ballroom, social hall, and beis medrash will accommodate the growing synagogue.

Even when our prayers are ignored and troubles confront us, Rabbi Shoff teaches that it is the same God who sent the difficulties as who answered our prayers before.

I’ve put together some of the most frequently asked questions regarding bullies, friendship and learning disabilities.

His parents make it clear that they feel the right thing is for Avi to visit his grandfather, but they leave it up to him.

There is a rich Jewish history in this part of the world. Now the hidden customs are being revealed, as many seek to reconnect with their roots.

There are times when a psychiatrist will over-medicate, which is why it’s important to find a psychiatrist whom you trust and feel comfortable with.

On November 22, 1963, Abraham Zapruder created one of the most famous, and valuable, pieces of film and became forever linked with one of the greatest American national tragedies when he stood with his camera on an elevated concrete abutment as President John F. Kennedy’s motorcade passed through Dealey Plaza in Dallas. Exhibited here is […]

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: