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...Its profitability has historically hinged on the once reliable Japanese yearning to visit the Aloha state and is now suffering as cost concerns have tempered that....
...Emails showed Valette asking a colleague to have her client name a price for a René Magritte painting that Bouvier wanted....
...The new US lawsuit is broad and detailed, painting a picture of a company that has spent years knowingly heading off competitive threats to its ecosystem, be it on the App Store, in messaging with rival...
...“When the largest company in this industry with such profound reputation does these actions, it makes it incredibly difficult for clients like me . . . to understand what’s going on,” Rybolovlev said....
...During trial his lawyers pointed to documents sent to Bouvier by the auction house that emphasised high valuations for certain works, including a painting by Leonardo da Vinci, “Salvator Mundi”....
...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...
...Sledsens (born 1991) has proved a hot ticket at auction recently; his paintings in the show range from €60,000-€180,000....
...The twist is that both are now in the same stable: Frieze’s parent company, Endeavor, acquired the Manhattan fair from real estate company Vornado for $24.4mn in July....
...Sotheby’s brought in Martin and his previous company, Orion Analytical, after it found a painting that the auction house had sold privately as by Frans Hals for £8.4mn was a modern forgery....
...On the rise are artist agencies, which act more like sports management companies rather than as partners, who share in the upside — and sometimes downside — of their wards....
...But if the M&A deals of the 1980s were a demonstration of Japan Inc’s ambitions to take on the world, corporate executives say today’s overseas rush is driven by the need to find new revenue outside their...
...Her public protests against members of the Sackler family, whose company Purdue Pharma produced the addictive OxyContin drug, are the backbone of the acclaimed film All the Beauty and the Bloodshed (2022...
...“I’m still painting and going to parties with friends.”...
...The row over a “Sunflowers” painting by Vincent van Gogh bought by a Japanese company at Christie’s London in 1987 for £25mn deepens....
...And finally The Pippy Houldsworth Gallery in London is showing a collection by Angela Heisch, comprising a new body of paintings and works on paper....
...A version of this article was first published by Nikkei Asia on June 22. ©2023 Nikkei Inc. All rights reserved....
...The investment manager’s US subsidiary, Abrdn Inc, also struck a deal with Tekla Capital Management to acquire four US-listed healthcare and biotech trusts, with $3bn of assets....
...Bad break-up Tucker Carlson’s relationship with Fox News had become increasingly strained over time, insiders told the FT, painting a picture of a star whose ego got in the way....
...Auction sales will post a record year, calculates Christine Bourron, chief executive of the analytics company Pi-eX....
...An explosion of AI image tools, including Stability AI’s, soon followed, allowing users to generate visuals ranging from Bugs Bunny in a cave painting, to Kermit the Frog as painted by Edvard Munch, and...
...Wong opens her Hong Kong-based business with Daryl Wickstrom, another Sotheby’s long-timer in Asia who left the company in 2016....
...In a 2013 campaign against Sotheby’s, Loeb wrote that the auction house was akin to “an old master painting in desperate need of restoration”....
...The 18-wheelers the company wants to replace are immortalised in a painting that hangs in a corridor of the Bentonville headquarters....
...The Warhol had been estimated to sell for roughly $200mn, Christie’s said, and surpassed the record set for a 20th century artwork sold at auction, which was held by a Jean-Michel Basquiat painting of a...
...Bidders came from more than 30 countries, the company added, with Asian, US and European buyers all well represented....
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