The viral duct-taped banana art piece was sold at an auction on Wednesday in New York for $6.2 million.kena betancur / AFP A crypto investor bought the viral duct-taped banana art piece for $6.2 million at an auction on Wednesday. When it was first unveiled at Art Basel Miami 2019, Maurizio Cattelan’s “Comedian” stirred up
In May 2022, Andy Warhol’s portrait of Marilyn Monroe sold for $195 million—the most expensive artwork ever publicly sold by an American artist. Getty Images Investing in art-backed debt is among the least understood ways that people make money investing in art. It is also the best way to get started as an art investor.
Work, career, ambition. Art collage. Business concept. getty In the high-stakes world of art, its value transcends mere aesthetics or monetary worth. For artists, collectors, investors, and dealers alike, art embodies a legacy beyond passion or investment. However, cautionary tales of figures like James Gandolfini, James Brown, and Doris Duke underscore the perils of inadequate
How much are you willing to pay for fruit? A crypto investor paid $6.2 million for a duct-taped banana art piece at a Sotheby’s New York auction on Wednesday, the auction house confirmed. Arguably one of the most iconic pieces of art in the past decade, “Comedian” was first unveiled by Italian visual artist Maurizio
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hollywood powerbroker Ari Emanuel is buying the Frieze global art fair and publishing group from Endeavor, the entertainment group he co-founded, in a deal valued at $200mn. The sale is likely to close in the
What’s an estimate in the art world? Turns out it’s just a polite suggestion.As per the Indian Art Investor 2024-25 Art Market Report, the sale of Indian Modern and Contemporary art at auctions globally clocked in at Rs 1,016 crore. But, while paintings are breaking records, there’s one segment that’s quietly on carving out a
Minto Apartment (TSE:MI – Free Report) – Research analysts at Raymond James lifted their Q1 2025 EPS estimates for shares of Minto Apartment in a report issued on Wednesday, April 23rd. Raymond James analyst B. Sturges now forecasts that the company will earn $0.24 per share for the quarter, up from their prior estimate of
It’s raining records in the Indian art market. On Wednesday evening Tyeb Mehta’s Trussed Bull 1956 was sold for Rs 61.80 crore ($7.27 million), nearly nine times its higher estimate, creating a new record for the artist and becoming the second highest valued artwork by an Indian artist sold at auction globally. Interestingly, it has tied with
Global art market sales were down around 12% in 2024. The art market had a brutal 2024, with global sales declining 12% by value, according to a new report by Art Basel and UBS. The pain was spread across borders. Sales in the US fell 9% by value year over year; in China they fell
Getty Images/AFP Marina Picasso is selling her collection of her grandfather’s work and “letting go of the past.” Earlier this year, we learned that Marina Picasso, the granddaughter of famed Spanish artist Pablo Picasso, planned to sell off her grandfather’s art from her private collection. Early rumors hinted that she would be parting with seven very