[ad_1] A London art dealer who duped investors and then fled to an island in the Pacific was sentenced on Monday to seven years in prison by a federal judge in Manhattan. The dealer, Inigo Philbrick, has been in custody for nearly two years, since his arrest in 2020 on the island of Vanuatu. That
[ad_1] Australian Retirement Trust (ART) has appointed Jody Fitzgerald to the recently created role of head of investment resilience and planning. Ms Fitzgerald will join the super fund in late January 2024 from Morningstar Investment Management, where she serves as head of institutional portfolio management and solutions. With more than 20 years of experience, Ms
[ad_1] My elderly and vulnerable stepfather was called by art company Smith & Partner Limited during the Covid lockdown. They befriended him and encouraged him to withdraw his £72,000 life savings and invest it with them. They promised an imminent high-return deal which never materialised, and the art prints they sold him are not worth
[ad_1] Billionaire art collector Ken Griffin has moved several of his most high-profile artworks from the Art Institute of Chicago, where he is a trustee, to the Norton, an art museum in West Palm Beach, Florida. Several artworks from Griffin’s $1 billion collection—Mark Rothko’s No. 2 (Blue, Red and Green) (Yellow, Red, Blue on Blue), 1953,
[ad_1] Last updated:January 12, 2024 Modern technology and its new possibilities have been changing art for a while. But the Covid-19 pandemic posed a number of previously unheard-of obstacles that compelled creative thinkers to devise workarounds for exhibitions, meetings, and events, which accelerated the trend. Olyvia Kwok-Decani Let me intorduce myself I’m Olyvia Kwok and
[ad_1] Surprisingly, some of the world’s most iconic artworks aren’t displayed in museums or art galleries. They reside in the private art collections of a few billionaires across the globe — industrialists, celebrities, members of royal families and more. These famous art collectors don’t just collect art as a hobby. Investing in blue-chip art is
[ad_1] Retail investors who invest directly in stocks, as opposed to investing through mutual funds, appear to have come of age if their transactions on the secondary market are anything to go by. Market experts say retail investors have in recent times tended to sell at highs and buy at lower levels, a reversal of
[ad_1] Jonathan Travis is a budding mogul at the intersection of two notoriously cut-throat, shady industries: contemporary art and New York real estate. As an investigative journalist who has covered both fields extensively, I expected to encounter a certain type of man when I began hearing about his exploits—think tax machinations, rampant flipping, art bartering—and
[ad_1] World Art Day, celebrated annually on 15 April, is an important celebration of artistic creation and creative endeavour. This year’s World Art Day comes at an interesting time for the market, one where the role of the private collector is under scrutiny. This is for a number of reasons. Firstly, there is heightened visibility
[ad_1] Within the rarefied business of art, it’s quite possible that no one in recent memory has accrued more influence while staying further away from the spotlight than James Murdoch. Late in 2020, Murdoch’s private investment company, Lupa Systems, closed on a deal to become the new “anchor shareholder” of MCH Group, the Swiss parent