[ad_1] Artwork on wall by Gala Porras-Kim. Photography by Benedikt Frank. Image courtesy of Catherine Petitgas. Contemporary Latin American art has a profound advocate in Catherine Petitgas, a former Wall Street analyst whose creative passions forced a sharp career shift. Encouraged by her family to pursue a burgeoning interest in art, Petitgas embarked on an
[ad_1] Masterworks is a platform that allows you to buy and sell fractional shares of artwork. You’ve probably seen the headlines of some fine artwork selling at auction fro $100 million or more? Or what about the story of some guy finding a painting at a garage sale and it ended up being worth millions?
[ad_1] These Millennial collectors are not only purchasing art for the first time, but they are doing so with the long-term view of building world-class collections that can grow over time, in both cultural and financial value. “This is a global trend but young Singaporeans are showing a leading initiative in this movement,” observed Art
[ad_1] Art Shreya Ajmani Much like the country’s economy, India’s art market is growing—fast. Recent years have seen an influx of new collectors, galleries, institutions, and art fairs, which, taken together, are actively fostering a burgeoning contemporary art scene. Much of this growth is illustrated by the country’s auction houses, which saw total turnover surge
[ad_1] 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
[ad_1] 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
[ad_1] 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
[ad_1] 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
[ad_1] 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,
[ad_1] 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