Hints and tips:
...ArtFi 2024-1’s prospectus has further detail on the collateral backing the deal, which it notes can include “fine art, collectibles, design furniture, coins, books, jewelry, watches, wine or other spirits...
...While the numbers were impacted by 2022’s whopping $1.6bn made at Christie’s New York from the estate of Microsoft co-founder Paul Allen — “a difficult act to follow”, says Pi-eX chief executive Christine...
...This sold from a Japanese collection to a single bid over the phone via Sotheby’s Asia chair....
...Drahi has removed shares in Altice Europe and Altice USA as collateral for a loan backing Sotheby’s....
...Perrotin gallery is doubling its square footage in 2022’s other hotspot city, Seoul....
...Loeb, known for waging bruising battles against the likes of Sony and Sotheby’s, outlined his argument along with a host of other recommendations to improve performance at Disney, including a board “refresh...
...The art fair group is also offering its services to S.E.A. Focus, an art fair in Singapore (January 15-23)....
...Sotheby’s London had the sale of the only known painting of an auction room by the beloved British painter L. S. Lowry, which went for £2.1m (£2.6m with fees, est £1.2m-£1.8m) on Tuesday....
...Analysts at rating agency S&P Global characterised the November dividend by Sotheby’s as an example of the “aggressive financial policy” by which it operates....
...The painting of a reclining nude woman sold for $139m, below its $150m estimate at Sotheby’s. With fees, the buyer paid $157.2m....
...Oddly perhaps, such interest extends beyond the commercial galleries: Sotheby’s S|2 London is also currently staging an exhibition of Signals artists — coincidence, or zeitgeist?...
...Patti Wong, chairman of Sotheby’s Asia, has had a long relationship with SJ Phillips (a Bond Street neighbour)....
...By lunchtime in New York, the S&P 500 was down 0.2 per cent to 2,472.34, the Dow Jones Industrial Average was flat at 22,019.76, and the Nasdaq Composite had dropped 0.3 per cent to 6,345.83....
...More than $1.5bn in sales were tallied during the spring auction season across Christie’s, Sotheby’s, Phillips and Bonhams....
...According to a Sotheby’s fact sheet, the painting will eventually end up in a museum in Mr Maezawa’s home town of Chiba in Japan....
...Yet, this was weak compared with 2015’s curated sale, which drew in $611m....
...The previous record for the make was €55,000, paid for a TAG Heuer S/el that once belonged to the late Ayrton Senna. Aux armes, citoyens!...
...Sotheby’s shares fell by as much as 8.5 per cent in early trade after the New York auction house swung to a loss in the first three months of the year....
...By comparison, gold has risen by just over 160 per cent and the S&P 500 by 66 per cent....
...Last week I wrote that the New York sale totals were likely to be a third of 2015’s astonishing tally of $2.7bn....
...Last year’s sales of £4.8bn at the London-based auction house were dragged down from 2014’s record amid financial market turmoil....
...The S&P 500 slid 0.6 per cent to 2,067.64, the Dow Jones Industrial Average declined 0.7 per cent to 17,440.59. The Nasdaq Composite fell 1 per cent to 5,039.78....
...The S&P 500, which had its biggest rally in a month on Wednesday, rose 0.2 per cent to 2,108.86 while the Dow Jones Industrial Average gained 0.2 per cent to 18,039.37....
...(FT) Markets Data 05:34 BST Asian markets Nikkei 225 up +94.89 (+0.47%) at 20,078 Topix up +10.87 (+0.67%) at 1,630 Hang Seng down -26.28 (-0.09%) at 28,407 US markets S&P 500: -0.41% at 2,109 DJIA down...
...(FT) Markets Data 05:32 BST Asian markets Nikkei 225 down -397.27 (-1.98%) at 19,662 Topix down -35.12 (-2.16%) at 1,592 Hang Seng down -264.05 (-0.93%) at 28,136 US markets S&P 500: -0.37% at 2,107 DJIA...
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