Ex-Hammer Painting Could Be Most-Costly Degas
Degas' Three Dancers in Yellow Skirts, formerly in the Hammer Museum collection, will be offered at TEFAF Maastricht for a sum said to be in excess of the artist's $37 million record. It's one of 92 works, formerly in the Hammer Museum collection, that UCLA returned to the Hammer Foundation in 2007. That deal, brokered by former Getty Museum director John Walsh, relieved the UCLA Hammer Museum of the obligation of showing nearly all of Armand Hammer's uneven collection.
At the time the returned artworks were characterized as minor. It's since become clear that some are, at very least, expensive works by major artists. Within weeks of the 2007 deal's announcement, the Foundation flipped one Hammer work, a Chaim Soutine, for $17.2 million (a record for Soutine).
At the time the returned artworks were characterized as minor. It's since become clear that some are, at very least, expensive works by major artists. Within weeks of the 2007 deal's announcement, the Foundation flipped one Hammer work, a Chaim Soutine, for $17.2 million (a record for Soutine).
