Top end of art market flourishing due to concentration of wealthnews Private Art Investor Expert 18 Mar 15 0The global economic trend towards a growing gap between rich and poor, whereby a huge portion of economic wealth is held by a small number… Read more
Sotheby’s appoint Tad Smith as new CEO and Presidentnews Private Art Investor Expert 16 Mar 15 0Tad Smith has been named as the new president and CEO of Sotheby’s. The changeover will take place on 31 March 2015. Smith says he… Read more
Global art market at highest ever-recorded level – TEFAF Art Market Report 2015news Private Art Investor Expert 13 Mar 15 0In 2014 the global art market reached its highest ever-recorded level, a total of just over €51 billion worldwide, a 7% year-on-year increase taking it… Read more
Sotheby’s cost cutting helps profits rise 20%news Private Art Investor Expert 2 Mar 15 0Sotheby’s has released its fourth quarter results for the twelve months ending December 2014. The results show a 19% increase in 2014 net auction sales.… Read more
Sotheby’s responds to Marcato Capital Management letternews Private Art Investor Expert 26 Feb 15 0It’s been a tough week for Sotheby’s, which is under fresh attack from an activist investor. The news comes not long after the attack from… Read more
Gérard Faggionato joins David Zwirner Londonnews Private Art Investor Expert 25 Feb 15 0Gérard Faggionato of Owner and Director of Faggionato Ltd will join David Zwirner Galleries as a partner at the David Zwirner Gallery London. Faggionato will… Read more
Auctionata reports 163% sales increase for 2014news Private Art Investor Expert 23 Feb 15 0Online auction house Auctionata completed its 2014 season with recorded sales of €31.5 million ($41 million), a 163% increase from 2013 sales of €12 million ($16.5 million).… Read more
Sotheby’s and RM Auctions unitenews Private Art Investor Expert 20 Feb 15 0Sotheby’s has gone into a partnership with automobile auction house RM Auctions. The company will now be known as RM Sotheby’s. Previously the two companies… Read more
United Talent Agency launches new division to represent artistsnews Private Art Investor Expert 18 Feb 15 0Global talent and literary agency UTA has launched UTA Fine Arts, a new practice devoted to the representation of fine artists: painters, sculptors, photographers, mixed… Read more
Christie’s acquires Collectriumnews Private Art Investor Expert 16 Feb 15 0Christie’s International has acquired Collectrium, the global digital art collection management solution. Stephen Brooks, global chief operating officer at Christie’s, said the move reflects Christie’s… Read more
