Heffel Fine Art estimates Henri Matisse painting to fetch up to $5.8-million in auction GlobeArts
“This is a step up,” Mr. Heffel said. “We have had a concerted strategy – the industry generally and Heffel in particular – to become bigger internationally … Canada has an opportunity to become a greater player.”Mr. Heffel refuted any notion that a discount on the seller’s premium paid to the auction house might have attracted the Monégasque consigner: “They were competitive terms, but our terms were not the reason the painting was consigned.
Heffel’s international ambitions ran into a roadblock in 2016 when the Canadian government refused to issue an export permit for a painting of irises by the 19th-century French artist Gustave Caillebotte that had been purchased by a British art dealer: Experts had argued the painting was too culturally important to let it leave Canada.
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