TEFAF Art and Antiques Fair Opened

painting by Willem de Kooning, 'Untitled XV' 1986.

A $5 million Willem deKooning painting sold at Tefaf, the world's largest art and antiques fair, in the Dutch city of Maastricht, which opened today.
De Kooning's 1986 abstract ``Untitled'' topped a 1958 painting by fellow American Abstract Expressionist, Joan Mitchell, which went for $4 million, said contemporary-art dealers Hauser & Wirth. Tefaf Maastricht runs from March 7-16. [from bloomberg]