Earlier this year, a Lebanese art collector was accused of money laundering and violating terrorism-related sanctions in a federal indictment that focused attention on the reported beneficiary of some of his activities: the militant group Hezbollah. The collector, Nazem Ahmad, had been identified by U.S. authorities as a top financier of Hezbollah, the Lebanon-based group
For a prolific art collector, Nicolai Tangen is remarkably relaxed about the prospect of masterpieces created by robots. The threat of AI-made paintings, impossible to distinguish from human brushstrokes, has sparked soul-searching and paranoia in the art world, but not with Tangen. “Hey, if it creates better art that’s fantastic,” says the Norwegian philanthropist, art
Home / News / ART gets serious about investment resilience Australian Retirement Trust (ART) is getting bigger and more complex. To make sure that doesn’t turn into a big, complex problem, the fund has found itself a new head of investment resilience and is thinking hard about what’s really driving returns in a post-Covid world.
Emmanuel Perrotin, the founder of the eponymous global gallery brand, has ended his collaboration with the art dealers Tom-David Bastok and Dylan Lessel “by mutual agreement”, according to a statement sent by each of the parties on 13 February 2024. In 2021, the trio had teamed up to open a five-storey space at 8 Avenue
The Art Institute of Chicago (AIC) has announced the largest naming gift in its history, a $75 million donation that will fund a new building to house the museum’s permanent collection of late 19th-century, modern, and contemporary art. “Currently, only a fraction of our iconic collection is on view at any one time, and our
What you need to know Electronic Arts developer DICE is currently working on the next Battlefield game. During Electronic Arts’ Investor Day 2024 presentation, the company confirmed that Criterion, Motive, and Ripple Effect would be assisting with the game’s development. The next Battefield will return to the modern era, the same setting for Battlefield 3
Mumbai, India’s financial capital and most populous city, is to get its first major art fair this November. Art Mumbai (16-19 November) will take place on the Mahalaxmi Racecourse, a historic horse racing track in the city’s centre, and feature around 50 exhibitors, mostly from India. These include some of its leading galleries, such as
To what extent can an art collector’s journey lead to innovation? Korean-American tech investor Jung Lee illustrates that there exist unconventional avenues through which to elevate his passion for art and support for artists. A former banker and tech entrepreneur, Lee is soon to unveil his pioneering endeavor, TEN X—a state-of-the-art robotic digital studio located
Why do people collect art? And what factors influence how they purchase it? These questions form the basis of Art Collector Insights 2023, Artsy’s research-driven report on the state of art collecting today. Amid this period of pronounced uncertainty for the art market and the economy at large, we sent out our annual survey to
Few Chinese art collectors have made a bigger splash at global auctions in the past decade than Liu Yiqian, a former Shanghai taxi driver who amassed a fortune through big bets on Chinese real estate and pharmaceutical stocks. He was a profligate purchaser of Chinese antiquities and other artworks. In 2014, Mr. Liu paid a