Art Business

Guiding the buyer: the early days of investing in art

Where did the idea of art as an investment begin? Dr Sandra van Ginhoven of the Duke Art Law & Markets Initiative (DALMI) at Duke University, Durham, NC, has been conducting research into the history of the art market, with particular interest in what insights can be gleaned for the …

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Art Business

New Zealand business breaks new ground with voluntary artists’ resale royalty

A new art business, founded by Simon Bowerbank and Charles Ninow, will be the first art business in New Zealand to offer a voluntary resale royalty of 2.5 percent of the hammer price, paid at no cost to the vendor or buyer, of any work by a living artist at …

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Art Funds

Sharia-compliant art fund nears launch date

Global art investment firm Prime Art Capital is about to launch a Sharia-compliant art fund that strictly adheres to Islamic investment and curating principles. “The launch date is subject to appropriate regulatory approvals that are necessary in the markets where we will offer this product,” says Prime Art Capital’s founder …

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Auctions & shows

Sotheby’s to re-launch Irish art sales this October

Sotheby’s is to re-launch Irish art sales in London on October 21 2015. Highlighting the forthcoming auction is Nude Girl Reading by Sir William Orpen. Estimated at £300,000-500,000, the work was last seen on the market 30 years ago. Ahead of the auction, Sotheby’s will open its new premises in …

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Art Insurance

Free E-Magazine adds tips for art collectors

Chubb Personal Insurance has added a new section to its Accent by Chubb lifestyle e-magazine to provide clients and the general public with timely articles on buying, selling and protecting art, antiques, jewellery, classic cars and other collectibles. “By broadening the content available through our popular e-magazine, Chubb is now able to share …

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Art FinanceArt Lending

Sotheby’s increases its lending power to attract customers

As it feels pressure to increase its profits, Sotheby’s has dramatically increased the amount it can borrow in order to offer credit to clients. GE Capital, Corporate Finance is serving as administrative and collateral agent on $1.335 billion in senior credit facilities for Sotheby’s. The new facilities include a $485 …

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Art Business

Tim Goodman’s online auction house takes on Sotheby’s and Christie’s

New global online auction house Fine Art Bourse (F.A.B.) is challenging the centuries old business model established by Sotheby’s and Christie’s by slashing fees and simplifying the auction process. Just launched at www.fineartbourse.com, F.A.B. will charge a buyer’s commission of only 5%, compared to the 25% fee commanded by most …

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Art Fairs

46th Art Basel closes with excellent sales

The 46th edition of Art Basel closed in Basel on Sunday, June 21, 2015, with gallerists reporting excellent sales across all levels of the market. The show attracted an attendance of 98,000 over the six show days. The show, whose lead partner is UBS, presented 284 galleries from 33 countries, …

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Art BusinessArt Finance

Sandip Mallik: why Prime Art Capital is different

When Sandip Mallik set up Prime Art Capital in June 2013 he was responding to several key needs he had identified within the art world. A boutique art advisory and investment management firm, Prime Art Capital leverages technology for clients who are interested in art and other fine collectibles as …

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Art Fairs

Frieze London 2015: details announced

Frieze has announced the participating galleries for Frieze London 2015. The thirteenth edition of the contemporary art fair, which takes place October 14–17 in the Regent’s Park, London, will present over 160 of the world’s leading contemporary galleries, from almost 30 countries. This edition of Frieze London will feature contemporary …

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