Lisa Schiff, once a prominent figure in the art world, faces bankruptcy and the liquidation of her collection, which includes high-value works from famous artists.
The upcoming auction of Schiff's collection is shrouded in concerns, as art buyers may hesitate to bid on works linked to a controversy, potentially lowering prices.
Despite the controversy, the auction could attract bargain hunters seeking good deals among the 200 works, although estimates may be muted due to Schiff's saga.
An insider notes, 'People don't find it exciting to buy art that is caught up in scandal unless it's a good opportunity,' highlighting market hesitations.
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