Saturday, 21st November 2009

 

Art connoisseur leaves money to charity

Norwegian art collector Haaken Christensen, who died earlier this year, has left his entire fine art collection together with the majority of his personal estate, valued in total at £20m, to the humanitarian organisation Médecins Sans Frontières.

The bequest represents the largest single donation the French-based charity has ever received.

The 63 works to be offered at Sotheby’s are expected to realise a sum in the region of £10m and includes Picasso’s Tête de femme (Dora Maar), which is estimated to be worth between £3m to £5m.

This will be offered alongside four other important works by Picasso and paintings by Fernand Leger at a sale in London at the end of June.

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

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