Picasso

An A-list collection of Cubist paintings by Picasso, Braque and Leger has been gifted to the Metropolitan Museum of art in New York by the prominent collector Leonard A. Lauder. The donated artworks are valued at $1 billion.

Art collectors of ArtKabinett social media network can't wait to visit this collection, when it is unveiled to the public.

The cosmetic's heir, pictured here, has pledged to give the Museum his collection of 78 works which stands as one of the most important collections of Cubism in the world.

Steven Cohen, owner of SAC Capital Advisors LP, has bought Pablo Picasso’s “Le Reve” for $155 million from casino owner Steve Wynn, a person familiar with the transaction said. The price is the highest paid by a U.S. collector for an artwork.

Art collectors of ArtKabinett social media art network are astounded at the stratospheric sum being paid for a punctured painting

Wynn had previously agreed to sell the painting to Cohen for $139 million in 2006. The purchase was canceled after Wynn, whose vision has deteriorated owing to retinitis pigmentosa, accidentally put his elbow through the canvas. Cohen remained interested in the work for years as it was repaired.

Houston - Uriel Landeros, 22 the man accused of vandalizing the 1929 Pablo Picasso painting "Woman in a Red Armchair" in an attack that was caught on mobile phone video, as shown here, has been denied bail.

He must remain in jail on $500,000 bonds because he is a flight risk, a Texas judge ruled on Wednesday.

Art collectors of ArtKabinett social network are glad to see authorities take a tough stance with these destructive art perpetrators.

The man is charged with criminal mischief felonies dating back to the 13 June incident. Charges are in relation to spraying paint with the words "conquista" along with the image of a bull stenciled on the picture, at the Menil Collection in Houston.

Each felony charge carries a sentence of two to 10 years in prison.