Cosmetics investor and megacollector Ron Perelman sold off nearly $1bn worth of his famed art collection over a two-year period in order to pay down debt after Revlon stock plunged during the early days of the Covid-19 pandemic, recently unsealed court filings show. Perelman, the company’s longtime boss, had used his shares as collateral for
The founder of the hedge fund Citadel is the second richest investor in the world and, as of a few hours ago, the owner of Apex, “the largest and most complete stegosaurus ever found.” Kenneth C. Griffin paid $44.6 million for the skeleton, which is 11 feet tall and nearly 27 feet long from nose
Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant Cardone Multimillionaire Grant Cardone, who has been collecting art for around 15 years, says he’s a spontaneous buyer. “I don’t consider myself a connoisseur. I’m very new to the art world. If I like it, I buy it. I don’t
Ronald Perelman in Sag Harbor in 2017. Patrick McMullan via Getty Images Ronald Perelman, the billionaire investor known for his vast art collection, has in recent years sold off nearly $1 billion worth of artwork by the likes of Andy Warhol, Cy Twombly, Pablo Picasso and Jean-Michel Basquiat. Many of these transactions were conducted through
Elena Zhukova, a retired molecular biologist and the mother of Russian American art collector, museum founder and businesswoman Dasha Zhukova, married the Australian billionaire and right-wing media mogul Rupert Murdoch on Saturday (1 June). Their union “after dating for several months”, according to the Murdoch-owned tabloid The Sun, makes Zhukova his fifth wife. Murdoch, who
This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22 percent lower than 2023, and off 36 percent from 2022, according to the industry publication Ocula. There is plenty of speculation about why, but one reason may be capital gains taxes. Under current law, the long-term federal capital gains
If you’re thinking of expanding your investment portfolio beyond traditional investments such as stocks, bonds and real estate, you might be considering unconventional investments such as art, couture and luxury items, furniture and even wine. These investments can also double as great additions to your home or closet while you wait for them to acquire
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In an art world dominated by established names and high-profile exhibitions, emerging artists often struggle to gain the recognition they deserve. Yet it is precisely these new voices—unfiltered, bold, and brimming with innovative ideas—that push the boundaries of artistic expression. Supporting emerging artists not only nurtures their growth but also strengthens the entire art ecosystem.
In the world of contemporary art, certain names ascend rapidly, capturing the attention of collectors, critics, and enthusiasts alike. Gabrielle Malak, a Marseille-born artist and a resident at The London Art Exchange (LAX), is one such name. With the release of his third collection, Malak has not only solidified his place in the London art