Sept 23 (Reuters) – Hedge fund manager Alexander Klabin will invest in international art auction house Sotheby’s and become the executive chairman of its art financing business, the company said on Wednesday. The company did not disclose terms of the Klabin’s investment but said he will lead a management team to help Sotheby’s modernize its
An Insiders’ Guide to Art Collecting Courtesy of Leanne Ford “Hearst Magazines and Yahoo may earn commission or revenue on some items through these links.” Hearst Owned Hi friends—Leanne Ford here. For the first time ever, my little art magazine FEEL FREE is online, and I’m thrilled to share it with you through this first‑of‑its‑kind
Are alternative assets like whisky, wine, watches, and art really in decline, or just resetting? Mark Littler LTD Gen-z have stopped drinking and it’s destroyed the whisky market. Or at least that’s what some recent headlines seem as though they’re saying. This is despite the fact that Diageo’s recent results are encouraging and clearly show
5 Things You Must Know Before You Invest in Art From “Nu couché (sur le côté gauche)” to “Salvator Mundi”, expensive works of art have been in the news for fetching sale prices of hundreds of millions of dollars. This may intrigue wealthy individuals and lead them to consider adding artwork to their own portfolio
Savouring a glass of fine wine, opening up a powerful engine on an empty motorway or hanging the perfect painting over the mantelpiece – if you could capture those feelings and sell them, you would never call your broker again. The good news is that you can capture them or at least people’s desires for
If the stock market today is in the dumps, the high-end art market doesn’t seem any more attractive. And it’s been like this for a while, stretching back to 2024 when we last took a look at this. But there’s a difference between fine art and the art market. Money isn’t everything. For more on
Artex, a new “online stock exchange for art”, offered its first initial public offering (IPO) in an event at the Victoria & Albert Museum in London last night—Francis Bacon’s Three Studies for a Portrait of George Dyer. The painting last sold at auction in May 2017 for nearly $52m and will be offered to investors
When the topic of investments comes up, artwork might not immediately spring to mind for most people. Traditionally, we associate investments with stocks, real estate, or bonds – the more conventional avenues. However, the art world holds a unique and captivating dimension that has gained recognition as an investment opportunity. While stocks and bonds offer
By JO THORNHILL Updated: 18:30, 15 October 2008 Crashing stock markets, collapsing house prices, bankrupt banks – it’s enough to drive you to drink. And that is what many investors are doing as they look for alternative ways to make money in these difficult times. According to the Liv-ex 100 Fine Wine index, returns
Most American art lives in storage. Many museums, especially those in underserved regions, don’t have the resources to borrow or lend works. That’s where Art Bridges comes in. What We Do By partnering with museums across the United States, Art Bridges breaks down barriers to sharing, borrowing, and exhibiting artworks, ensuring that communities across the