BUSINESS

Victor Chandler auctions paintings

TAGs: Gibraltar, Lucien Freud, Victor Chandler

De-freuded

De-freuded

Perhaps it is because he’s been granted a licence to operate in South Africa ahead of the World Cup that Victor Chandler has decided to raise some free cash. Turns out the owner of the Gibraltar-based bookmaker put five Lucien Freud portraits up for sale at Sotheby’s – one of which earned him £2.8 million. Looks like it was a gamble that backfired, though, as the ‘self-portrait with a black eye’ was expected to fetch between £3m and £4m. Still, if I were him I wouldn’t beat myself up about it… Read more.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com