In such a secretive marketplace, dealers are prized as much for their knowledge as their discretion. You need to know not just which artist is going up in value, but where the paintings are, who wants to buy and which collectors might be ready to sell. (Dealers talk of the three Ds that drive sales:
Normal text sizeLarger text sizeVery large text size On a lazy afternoon in June 2020, in the Pacific island country of Vanuatu, Inigo Philbrick was at a market in Port Vila with his fiancée, British reality TV star Victoria Baker-Harber, of Made in Chelsea fame. They had just had lunch and were seeking out a
An unearthed diary has potentially offered horrific new details on the gruesome murder of legendary art dealer Brent Sikkema. Sikkema, 75, moved to Rio de Janeiro last Christmas after spending two years attempting to settle an acrimonious divorce with his estranged husband Daniel, 53. Daniel was seeking an ‘unreasonable’ $6 million of his reported $20 million
The Los-Angeles based dealer, investor and self-styled art-world disruptor Stefan Simchowitz, who burst on to the art scene eight years ago describing the art world as a “mafia” and those who run galleries as “idiots”, is opening a gallery in West Hollywood on 6 March. The 1,350 sq. ft space will be used to show
In April, Outer Sunset resident Rosemary Omron’s savings account amounted to $50,000; by June, it was nearly empty. For three years, the former kindergarten teacher has been working to kickstart her company iheartsf — an all-in-one street art and clothing brand accompanied by a podcast about “what’s made San Francisco beautiful.” Her longterm goal was
Home / News / How HESTA and ART handle ‘hideous downside scenarios’ Markets now move a lot faster than they did during the GFC, while expected and unexpected threats to them are emerging more often and in combination. How should super funds respond? Two unexpected things happened the weekend that the Australian Retirement Trust successor
Art has long been considered a valuable asset class for investors, with the potential for high returns and unique physical and aesthetic qualities. While the art market has seen its share of ups and downs, it remains an attractive option for those seeking alternative investments. One company at the forefront of investing in art is
Art Market Dominique Clayton Installation view of Ferrari Sheppard, Bond, 2020. Courtesy of Reginald Cash. As Beyoncé reminded us last year, we are in the midst of a renaissance, specifically a Black arts renaissance. In Los Angeles, this is taking shape in an active and growing arts scene, led by a number of dedicated Black
Billionaire Dmitry Rybolovlev accused in 2015 Yves Bouvier of defrauding him of nearly US$1 billion by misinterpreting how he obtained 38 art pieces he sold him for $2 billion. Monaco’s Court of Appeal “concluded that the investigation against Bouvier was carried out with a systematic partiality and bias which tainted the whole procedure,” said a statement
Financial experts agree. Nikhil Kamath, co-founder, Zerodha, India’s biggest stock brokerage firm, says: “There appears to be an arbitrage (opportunity) available around Indian art as the sector is undervalued vs western peers.” Kamath expects the market to “do well in the coming decade.” “Typically, every year in March, sales tend to peak and slow down.