My comments are included in Bloomberg Law today, in Angélica Serrano-Román's article, "Bourbon, Monet, and Tax Credits Find a Niche Market in Bankruptcy" (link below). This is the passage:

Most recently, a Claude Monet ‘Water Lilies’ painting from the collection of bankrupt hedge fund manager George Weiss showed up on Inforuptcy, a subscription website for professionals and distressed-asset investors that scans court documents and sale motions from the government’s online docket system and converts them into listings. Think Craigslist, only for bankruptcy assets. [...]

It lacks the complexity seen in Monet’s more significant later paintings of ‘Water Lilies,’ said David Shapiro, an art adviser with experience appraising the collection of the Detroit Institute of Arts. They have richer color and “are more resolved paintings, with this painting looking more sketch-like by comparison,” he said.

As of late November, nine Monet paintings of ‘Water Lilies’ have sold at public auctions for more than $50 million, including buyer’s premium, he added.

The bankruptcy court ultimately approved the sale of Weiss’s Monet in October for $36.5 million. There were no competing bids after another deal fell through, when a potential buyer couldn’t secure funding.

The art world has crossed into bankruptcy before, most notably through Detroit’s “Grand Bargain,” launched to prohibit the sale of works from the then city-owned art institute to pay off debt and to help raise funds to protect pensions in 2014. [...]