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The art and antiques fair arrives as debates rage over the role of AI in authentication, who can own cultural heritage and more
The art fair’s new edition hits Los Angeles as dealers navigate a tumultuous market. Plus: LA’s new hot art district; an artist wrongly convicted of murder; and more
...“In this post-pandemic world, there’s this . . . unrecognised market of a month, two months, three months, because people can work from laptops, people are going away for the summer,” Chesky said....
...“To build a really good foundation for the IPO market, we still need to see this year’s IPOs perform three, six months out.”...
...Still, there is the lure of the US’s resilient economy and deep capital markets. The US was just a quarter of Holcim’s business a few years ago....
...He acknowledges the current crisis — “Trillions are being wiped off the stock markets” — but sees silver linings within China’s own art market....
...The reason, he says, is the quality of the collection — 12 watercolours and three oil paintings — on the market from Nolde’s foundation in Seebüll....
...new markets....
...Data from the Resolution Foundation think-tank showed a lack of new construction and the lagging modernisation of older homes has left the UK with the worst-value housing of any advanced economy....
...Its analysis, published on Monday, showed that if all households — including owners and subsidised social renters — were renting their homes on the open market, they would have to devote 22 per cent of their...
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Credit card holders accustomed to fancy perks are in for a rude awakening
...Markets, says Schamotta, see a strong US economy begetting a strong dollar as a lasting feature, and are betting on it....
...But Southwest, which heavily markets its “Bags fly free” policy, endorsed it....
...The opacity creates a “market for lemons” problem, a US academic argues....
...But now, analysed through the lens of history, a market for the more fanciful forms and ideological edge of the 1980s is beginning to emerge....
...Al Mureijah Art Spaces, Sharjah Art Foundation, UAE, until March 10, sharjahart.org. Whitechapel Gallery, London, June 12-September 1, whitechapelgallery.org...
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...Economic indicators: The UK’s Resolution Foundation publishes its labour market outlook, while the EU releases its March consumer confidence figures....
...Market history tells us that isn’t so....
...In what ways might Lyft — America’s second-biggest minicab dispatch company, which since its foundation in 2012 has never broken even — become dramatically more profitable overnight?...
...[MUSIC PLAYING] Gideon RachmanThat was Lord Malloch-Brown, former deputy secretary-general of the UN and current president of the Open Society Foundations, ending this edition of the Rachman Review....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...Shareholders, which include Qatar’s sovereign wealth fund, Dutch-listed tech investor Prosus, VC firm Sequoia’s former India arm Peak XV and the Chan Zuckerberg Foundation of Meta founder Mark Zuckerberg...
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
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