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...DBRS’s report also contains this wonderful description of Sotheby’s Financial Services’ collection strategy if any deadbeat art collectors fall behind on their payments: SFS employs a strategy for collections...
...The bond’s guaranteed principal payment is expected to be AAA-rated by S&P, according to the World Bank. The bond will be listed on the Luxembourg Stock Exchange....
...The work has been in the same American collection since 1995, when it was bought for $475,500, and is re-offered, guaranteed, in New York next month....
...Rybolovlev, one of Bouvier’s former clients, accused the Swiss businessman in 2015 of systematically overinflating the value of €2bn of art he had sold him — a 38-painting collection of masterpieces that...
...In the 19th century, all three works went into the dynastic and expansive Marcille collection, started by the industrialist François Marcille....
...of inspiration for the collection....
...And despite wider financial pressures, rent collections remain at elevated levels....
...The powerful Cyber Administration of China has raised concerns about Tesla’s data collection in the past....
...There are two areas of concern: possible collection of US user data by China and the potential for China to use the app to influence its audience....
...Joe Gebbia, Airbnb co-founder I have a collection of midcentury modern chairs....
...Without it, investors can only look forward to a collection of binary bets (AI and energy storage stuff as well as the robot chauffeurs and butlers)....
...In November 2022, the collection of Microsoft co-founder Paul Allen at Christie’s set a new record by making $1.5bn in a single evening. “The premium for collections is at an all-time high!”...
...Put some money towards the downpayment, so he sold his entire Star Wars collection. And I purchased it for $1,000 cold cash. I was sweating the entire time....
...Their Picasso collection is valued at more than $40mn, Ward says, with individual prices ranging from $12,500 to $3.5mn....
...To stop a blockbuster collection going to “the other place”, as Christie’s and Sotheby’s refer to each other, auction houses might charge sellers nothing at all, or even pass through a chunk of the buyer...
...Accolade struck a deal with basketball player James Harden to launch a signature wine collection to drive US sales last year....
...Fitch busted the US’s sovereign debt rating down from AAA, the highest, by one notch to AA+....
...A billionaire in search of a masterpiece need not wait for an auction but can ask Christie’s to find one in a private collection and make a discreet approach....
...But for this collection I elevated the fabrics, the volumes, the details and the quality.”...
...to [reach] 118.4 per cent by 2025 . . . two-and-a-half times higher than the ‘AAA’ median of 39.3 per cent of GDP.”...
...Marcus Asner, a lawyer for Sotheby’s, asked Rybolovlev if he felt his deputy had done a poor job, given the estimated $500mn-$1bn Rybolovlev believes he overpaid for his art collection over a decade of working...
...Phillips has won the mandate to sell 30 works from the prestigious Triton Collection Foundation, valued at more than $70mn and with an auction house-backed guarantee of sale....
...downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA...
...Fitch did not adjust its “country ceiling”, which it affirmed at AAA....
...But Tesla’s operations in the world’s biggest car market — which increasingly relies on data collection to offer advanced driving systems — face new questions over national security....
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