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Sotheby’s Sells 125 Works from Japan’s Okada Museum for $88 M. so Founder Can Pay $50 M. Legal Bill
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Sotheby’s Sells 125 Works from Japan’s Okada Museum for $88 M. so Founder Can Pay $50 M. Legal Bill
A total of 125 major works from Japan’s Okada Museum of Art hit the auction block at Sotheby’s Hong Kong on Saturday, achieving white-glove status (meaning all works sold). The sale netted the equivalent of $88 million (plus fees) and set two auction records for Japanese artists Kitagawa Utamaro and Hokusai. Sotheby’s told ARTnews that the collection was “estimated in excess of $50 million.” The result should satisfy Kazuo Okada, the museum’s …
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