‘Andy Warhol sketch found’ in US garage sale

A collector who bought a batch of paintings in a US garage sale has found what is believed to be a sketch by pop artist Andy Warhol among them.

Businessman Andy Fields, 48, from Tiverton, Devon, paid $5 (£3) for the five paintings in Las Vegas in 2010.

When he decided to reframe one of the paintings he found the sketch hidden behind it.

He has been told by a valuer that the sketch could be worth £1.3m — but says he does not want to sell it — via redwolf.newsvine.com

Stolen art worth $1m is uncovered

Four paintings worth $1m (£625,000) stolen from a New York gallery have been recovered in Germany 24 years on.

A total of six contemporary artworks were taken from the Soloman Gallery in 1988, with one turning up in 2003.

But the remainder of works remained hidden until they turned up in the estate of a dead German art dealer.

The dealer’s daughter had attempted to get the paintings authenticated, alerting the Art Loss Register (ALR) to their whereabouts.

The ALR said there was still one painting yet to be found — via redwolf.newsvine.com

Banksy artworks sell for £400,000

A collection of works by graffiti artist Banksy have sold for more than £400,000 at an auction in London.

Girl and Balloon, one of 18 pieces sold on Thursday, fetched £73,250, almost five times its estimated pre-sale price.

The image has been painted directly onto the cardboard backing of an Ikea frame.

The stencil painting Leopard and Barcode, which has never been under the hammer before, sold for £75,650.

The Urban Art sale took place at Bonhams auction house — via redwolf.newsvine.com

Andy Warhol’s Double Elvis artwork could sell for $50m

An Andy Warhol painting of singer Elvis Presley could fetch up to $50m (£31.7m) when sold in a New York auction in May.

Sotheby’s said Double Elvis epitomises the artist’s obsessions with fame, stardom, and the public image.

The life-size painting is one of 22 pieces Warhol dedicated to the singer, and will be shown in London, Los Angeles and Hong Kong before the sale.

Eight Elvises was sold for $100m (£63.5m) in a private sale in 2008.

The highest amount paid at auction for a Warhol was Green Car Crash, which went for $71.7m (£45.5m) in 2007 — via redwolf.newsvine.com

Nazi looted poster art must be returned to Peter Sachs

A Jewish man has won his fight against a German museum for the return of thousands of rare posters stolen from his father by the Nazis in 1938.

Berlin’s Federal Court of Justice ruled Peter Sachs, who now lives in the US, is the rightful owner of the posters.

The judges said that not returning the posters would perpetuate Nazi injustice.

I can’t describe what this means to me on a personal level, Peter Sachs said — via BBC News