ADD Abridged—Kastel Kloses, Sotheby’s is rich, Estonia gets museum
Paul Kastel, founder of the influential Canadian Kastel Gallery, is closing after 45 years in business.
Dealer Kastel Closes Landmark Art Gallery — the famed Montreal art dealer Kastel Gallery has closed after 45 years in business. Paul Kastel’s first sale in the late 50s was an A.Y. Jackson, for CAN$275, (now worth CAN$20,000). [WE]
Sotheby’s Holdings, Inc. Announces 2005 Fourth Quarter and Full Year Results — Sotheby’s had revenues of over US$200 million in its fourth quarter, a record attributed to the blazing art market. Revenues for all of 2005 were US$513 million. [MSNm]
Tallinn’s new art rumour — The capital of Estonia, Tallinn, is getting a brand new national art gallery, called KUMU, or “rumour” in Estonian. [SaS]