Sotheby's
Art BusinessAuctions & showsNews

Sotheby’s profits down 63% as staff exodus takes hold

Sotheby’s is to be hit by a series of staff departures following poor financial results that saw the world famous auction house post disappointing financial results. For 2015 profits crashed by 63%, from $117.8m to $43.7m. Departures at the firm will include Cheyenne Westphal, Sotheby’s worldwide head of contemporary art, …

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Sharon Grob
Art BusinessArt FinanceArt LendingNews

Falcon Fine Art appoints Sharon Grob to manage business development

Luxury asset expert Sharon Grob has joined Falcon Fine Art as business development manager and will be tasked with the further growth of the company. She will be involved in leveraging relationships with family offices, private banks and wealth managers to encourage the use of art financing. Grob will also …

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Art Business

The Desire of Transparency in the Art Market

Fraud, money laundering, trafficking in cultural property, tax optimization, artificial increases of prices, confidentiality and anonymity… many dangerous hurdles, attributed to the art market, that for many elude to rules that have become an imperative necessity. Among the scandals involving diverse spheres of personalities and perplexed records in auction sales, we can …

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Art Business

The flamboyant youth of the photography market

Photography, particularly in the digital age, lends itself to reproduction and publishing more easily than any other medium, rendering it the most accessible art form. And so, the notion of rarity, which contributes greatly to the value of such works of art, (in so far as they are works of …

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Art BusinessNews

Skate’s reveal top 10 works sold at auction

Skate’s art market research have released their top 10,000 a new product which identifies the most expensive works to sell at public auction since 1985. The listings include auctions results for over 1,000 artists, with a total value of over $53.8 billion art sold over the last thirty years. The …

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Gutenberg Museum
Art BusinessArt FinanceArt Funds

Sheik of Sharjah signs financial contract with Gutenberg Museum

Dr. Sultan bin Mohammed al-Qasimi, the Sheik of Sharjah of the United Arab Emirates has signed a financial support package with the Gutenberg Museum in Mainz Germany. The contract ensures the financial support of the Sheikh for at least the next three years, which, it has been reported will amount …

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Yves HAYAT - Amy Winehouse - les Icones sont Fatiguées - For Sale on ArtPrice
Art Business

Artprice 2015 Report: Contemporary Art still on the rise

Artprice has published its annual contemporary art report for the year July 2014 to June 2015, highlighting the unstoppable rise of contemporary art, the “driving force” of the art market, having now definitely toppled modern art from its throne. The trend has not wavered, contemporary art remains the leader in …

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Art BusinessNews

Free-ports or the elusive treasure chests of art

Discretion, confidentiality, security, financial franchise and customs, the free port has everything it needs to attract collectors, as well as international art dealers and museums. Historically created to store raw materials and later to hold manufactured goods for a short period of time before their transportation, transit and reshipment, some …

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Art BusinessNews

Skate’s Art Loans Database debut

On 12th October, Art business intelligence firm Skate debuted its Art Loans Database. The service provides analytics to help measure and track the use of leverage in the art trade. Skate recently shared intel that from the database, revealing the most active borrowers within the gallery industry. The data revealed …

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Art BusinessNews

Skate publishes Top 10 Art Lenders

After yesterday’s debut of Skate’s Art Loans Database, the intel company have now released an initial database of the world’s top ten art lenders. The lenders are ranked by the number of UCC filings in the United States. [table id=6 /] Source: Skate’s Art Loans Database Skate said: “Sotheby’s is the clear …

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