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Record Breaking $31 million sale of 3000 year old Assyrian Artefact sparks outrage

Source: © Christie’s Images Limited 2018 Iraqi activists were incensed with rage at the sale of the artefact, although it was heralded to have shattered previous world records for Assyrian art sales, Critics called it an insensitive example of the art market profiting from suffering in the Middle East. At a Christie’s antiquities auction on October 30, while an  exceedingly rare Assyrian relief sold for $31 million, decolonization protesters demonstrated outside. The sale more than tripled the artifact’s initial estimate of $10 million,  Experts speculate that ISIS’s destruction of cultural heritage sites may have boosted the value of the work. The sale drew the ire of experts and activists who say the auction is an insult to the Iraqi people who have already suffered a long history of violence sustained by Western imperialism.
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The European Fine Art Fair (TEFAF) Cuts Ties With Art Dealers, And Auction House Experts

Source:Artsy The European Fine Art Fair has announced a new global vetting policy that seeks to remove art dealers and auction house experts on the vetting committee, and replacing them with  academics, curators, conservators, conservation scientists and independent scholars only, so as to avoid possible legal issues.

The Rise Of Nigeria's Art Market: Ben Enwonwu’s Tutu Painting Sells For $1.6 Million

Ben Enwonmu's Tutu On 28th of Feburary 2018 history was made in the Nigerian arts market,  Ben Enwonwu's 1974 painting of an Ile-Ife princess Adetutu Ademiluyi, often dubbed Africa's Monalisa,   sold for a whopping $1.6 million dollars, making it the highest price so far fetched by a Nigerian Artist for a painting. The lost and found Tutu There is an interesting story about the discovery of Tutu, It was painted shortly after Nigeria's civil war, and thus was regarded as Nigeria's symbol of reconciliation. There were infact three paintings of Tutu, and they all went missing. Since then the search has been launched to find the paintings. During this period many have come forward with many Tutus but it all turned out to be just a print and not the original. This went on for years, until a humble family in North London brought forward a certain painting they found in their apartment to Giles Peppiatt, the modern African art director at the auction house Bon...