While the organisation has declined to disclose the price that Lynnewood Hall changed hands for, they revealed that they’d initially raised $9.5 million (£7.2m) to cover the purchase of the estate, urgent work and stabilisation efforts. Following an extensive restoration plan, which is projected to cost upwards of $90 million (£68m), the group intends to open the
Daniel English sitting with Hayley Tompkins’s The Fact of the Dream, 2024, and John Giorno’s DIAL-A-POEM, 1968-2012. Stool by Seungjin Yang. Daniel English loves John Giorno. Not only does the 43-year-old collector make nightly calls to his very own Dial-A-Poem, which rests atop a Jerome Byron plinth, he also has a Giorno idiom tattooed on
Home / Analysis / The big change that will make ART’s next return matter to more Super funds love to crow about their performance, but the headlines about ART’s double-digit return obscure what will be a massive shift for its millions-strong member base. It is that time of year when Australia’s super funds tell their
When Michael Findlay arrived in New York in 1968, as an aspiring art dealer aged 23, there was no such thing as an “art market”. The word wasn’t used at all. “The market meant a grocery store.” Today the art market is a glittering international pageant, an endless parade of art fairs, openings, biennales, ever
The first warning that there might be something wrong with the Andy Warhols that a family of art collectors had been buying through a Miami gallery came last December. When the family decided to sell some of the works, it said in a lawsuit filed Thursday, Christie’s, the auction house, questioned their authenticity. The family’s
Australia’s second largest superannuation fund, Australian Retirement Trust, has hit a set of milestones in recent months. It opened its first overseas office in London, surpassed A$300 billion ($204 billion; €183 billion) in funds under management and grew to more than 2.4 million members. These achievements have prompted the fund to reflect on plans for
For Isaac Sultan Cohen, art collecting was always more than just a hobby. In his world, art collecting is an emotional pursuit to which he is intimately connected, reflecting his passion for modern and contemporary art. Based in Miami, a city internationally known for a colourful art scene, and hosting the internationally renowned Art Basel
Sotheby’s opened an office in Dubai in March of 2017 to serve as its headquarters in the region. Courtesy Sotheby’s There has been a lot of buzz about the French-Israeli entrepreneur, art collector and majority owner Patrick Drahi potentially taking Sotheby’s back to the public market or accepting offers from other investors to rebalance the
Home / News / ART hits $300 billion, rethinks operating model The megafund has reshuffled its executive team and seen several key departures as it hits $300 billion in funds under management and embarks on a restructure of its operational model. Australian Retirement Trust (ART) has shot past $300 billion in funds under management and
‘Once-in-a-decade’ events are becoming more and more common, but avoiding them altogether is just one way of protecting portfolios. ART is building new capabilities to absorb their impact – and come back from them even stronger. In investing, most risk management frameworks are laser focussed on robustness: the extent to which a portfolio is exposed