SAN FRANCISCO — This past week, a trading card featuring the quarterback Tom Brady sold for a record $1.3 million. The total value of the cryptocurrency Bitcoin hit $1 trillion. And Christie’s sold a digital artwork by an artist known as Beeple for $69.3 million after bids started at just $100. These seemingly singular events
The change of stake may have been designed to insulate the art from incoming sanctions packages, since these often apply only to assets that are at least 50 percent owned by blacklisted individuals. Abramovich was indeed sanctioned by the U.K. and EU in the first half of March 2022 for his alleged association with Putin.
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