A Dramatic Start for TEFAF

Courtesy TEFAF

A gang of four thieves snatched this €1.2 million diamond necklace from an unidentified U.K.-based exhibitor at TEFAF's VIP preview.

© 2008 The Estate of Joan Mitchell, used with permission, courtesy Joan Mitchell Foundation and Cheim & Read Gallery

Hauser & Wirth sold a large, lyrical Joan Mitchell abstraction, “Untitled” (1958) for $4 million.

Willem de Kooning Joan Mitchell Louise Bourgeois Julian Schnabel Zhang Huan Ernst Ludwig Kirchner SFMOMA Considers Unusual Expansion Plan The Second Sex (at Auction, Anyway)

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The fair’s early transactions weren’t confined to the postwar and contemporary sector, as Munich's Galerie Thomas sold a beautiful, double-sided painting by Ernst Ludwig Kirchner for €3 million ($4.6 million) to a private European collector. The work consists of Two Women in White in the Forest (1923), which portrays the artist’s wife and sister-in-law, on one side, and Flower Nursery in Dresden (1910), on the reverse.

With the fair running through March 16, gallery owner Raimund Thomas was expecting plenty more activity in the days to come. “We’re in a price range where you don’t make up your mind in two minutes,” he said.