ADQ, an Abu Dhabi-based sovereign wealth fund, investment, and holding company, has entered into “a definitive agreement” to acquire a minority interest in Sotheby’s. The deal, valued at around $1 billion, will see ADQ purchasing newly issued shares of Sotheby’s. Patrick Drahi, the current majority owner of the auction house, will invest additional capital. The
Keep up with LAist. If you’re enjoying this article, you’ll love our daily morning newsletter, How To LA. Every weekday, you’ll get fresh, community-driven stories that catch you up with our independent local news. A planned Frank Gehry-designed arts and culture complex in South Gate, a stone’s throw from the Los Angeles River and the
President Bola Tinubu has promised to invest in the nation’s Arts and Culture sector, describing it as essential for the education of children and the benefit of humanity. Speaking on Tuesday evening at the presentation of a stage play, “Abibatu Mogaji: The Play”, the President praised the producer, Ola Awakan, for his thorough research and
In 2019, the Hay Festival found itself in an awkward spot. Its main sponsor, the conglomerate Tata, stood accused of harming poor communities in India and limiting their freedom of speech. The Booker Prize-winning writer Arundhati Roy was refusing to attend Hay in protest. Ultimately, Tata agreed to pull its funding. The UK’s biggest literary festival
DB Schenker has officially opened its new, recently purchased purpose-built facility at Trafford Park. The £11 million freehold building provides a significant boost to the local economy and is a testament to the company’s commitment to the Greater Manchester area. Located on a 2.3 acre site, this project underscores DB Schenker’s strategic expansion across
The current art market landscape offers well-informed and discerning buyers unprecedented investment opportunities. Courtesy Art Basel When I started the first asset-backed art investment fund with The Fine Art Group in 2001, people thought I was mad. Many collectors, including the financial backers of my first fund, thought that art was merely a cultural asset,
Hannah Essex, Lynette Linton and Alistair Spalding. Photos: SOLT/Helen Murray/Cameron Slater Call for investment comes as all the largest parties outline their manifesto pledges ahead of the general election next month, and as recent research from Equity suggests there has been a 16% decline in government funding for the arts since 2017 Support The Stage
Thursday 04 July 2024 7:00 am | Updated: Wednesday 03 July 2024 2:52 pm Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Channel 4 Ventures, the company’s media for equity investment fund, will invest up to £3m of advertising inventory into FY. Channel
Northern Territory company Sitzler has been awarded the tender to construct the National Aboriginal Art Gallery. Delivery of the Gallery is now locked in, with site preparation and first stage construction works set to rollout in the coming weeks. The project represents the most significant infrastructure investment in Central Australia, with a joint investment of
Five strategies to invest in fine art profitably have been put into action at a company called Treasure Investments Corporation that showcased its capabilities in a display at the recent FreedomFest Conference in Las Vegas that unveiled a pure silver head of the famed “David” monument designed by Michelangelo. Advertisement. “We own the single, largest