So, you’d like to invest in art, but you don’t have millions of dollars to buy a big name. What to do? It’s true that art sales are dominated by big names and big money; just 25 artists accounting for nearly half of public auction sales in the first six months of the year in
“It is the joy of a collector to have so many people enjoy our collection.” David Lewis, 83, is the creator of the Schorr Collection, one of the largest private collections of Old Master paintings amassed in England since the second world war. It comprises more than 400 paintings, from the greats of past centuries
Artist Danny Casale, who often operates under the pseudonym Coolman Coffeedan, is being sued by the Florida-based company DigiArt, which claims that Casale has repeatedly breached an agreement he and the company entered into that “expressly gave DigiART the exclusive right to market and offer for sale all non-fungible tokens” (NFTs) and in which all
High net worth individuals are spending more than ever on arts and antiques. In the first half of 2021, the average art investor spent $242,000 on the art market, a 42% jump from 2020. But these days, art investing isn’t just for the rich. Look around at some recent headlines and you’ll see just how
At Sotheby’s first sale of the Macklowe collection in November 2021, the 277-year old auction house set a record for its most valuable sale of all time – $676 million including fees for the evening. With art sales generating numbers like this people may be wondering what art investing is all about. Unfortunately, while it
French court bailiffs in February seized more than 100 works attributed to Russian avant-garde artists at an art laboratory in Paris on suspicion they were stolen from a private collector, according to his lawyer. The lawyer at the international firm Dentons in Frankfurt who is representing the collector, a businessman and investor of Palestinian origin
In the art world, David Chau is known for his multifaceted roles, which he views as “interconnected and complementary.” He’s the visionary behind the ART021 Shanghai 21 Contemporary Art Fair, widely regarded as the most influential in mainland China and the Immersive Art Gallery (IAG). His portfolio extends to other businesses, too, in which he
Art Market Reena Devi Collector Jehan Chu in front of Machine Hallucinations – Space: Metaverse by Refik Anadol in partnership with Sotheby’s at Digital Art Fair Asia 2021 in Hong Kong. Courtesy of Digital Art Fair Asia. Over the past year alone, $2.8 billion was spent on crypto art, compared to $14.6 billion on traditional
It is hard to imagine an art world without Larry Gagosian in it. The mega dealer, who started in the 1970s by selling posters on the street, represents some of the most important artists of our time (Cy Twombly, Helen Frankenthaler, Richard Prince), but has also come to symbolize — and set the tone —
An Artist at His Easel, 1914. Artist John Singer Sargent. Heritage Images via Getty Images Oscar Wilde may—or may not—have remarked that “when bankers get together for dinner, they discuss art. When artists get together for dinner, they discuss money.” Today, the domains of the worlds of art and finance have never before been more