RSS feedArt
’Dodd-Frank — a real work of art
Inspired by a printer bleed of a Dodd-Frank diagram from Deloitte, via Politico, here we present a slight diversion from FT Alphaville’s bailiwick.
Every now and again we come across pictures meant to simplify the complexities of the landmark legislation.
Luxury purchases: The rush for real assets
The boom times, it appears, are back.
Savills, the UK estate agent, recently sold a London house for £40m, Bentley began production on a luxury car worth £220,000, and this week Rembrandt’s “Portrait of a man”
Parmalat founder’s works of art seized
Investigators in Italy scored a significant coup at the weekend in attempts to reclaim assets connected to the collapse of Parmalat with the seizure of at least €100m of paintings and art works belonging to Calisto Tanzi,
Annals of unintentionally revealing press releases, hedge fund edition
The FT Alphaville team receives quite a few unsolicited and often irrelevant press releases, many of which we delete with nary a second glance – while others we lampoon mercilessly.
And others, we can’t help but read – like the missive which landed in our inboxes,
Art market comeback, or is it?
Last weekend marked the end of the annual art-fest that is ‘Art Basel’, in Switzerland.
By all appearances, the week-long fair looks to have been quite an unexpected triumph. Among the attendees the usual array of high-profile celebs in the form of Brad Pitt and Naomi Campbell,
Art prices fall 35% as collectors cash in
Art prices plunged during the first quarter of the year as cash-strapped collectors looked to unload works by postwar masters that had earlier boomed in price along with the stock market. The Mei Moses index,
Oil to Russia’s rescue
With news of Russia’s economic woes it’s good to see that Prime Minister Vladimir Putin is contributing to the country’s oil sales – albeit of the oil-painting variety.
The Associated Press reports Monday a painting by Putin has sold for a record million dollars at a charity auction in his hometown of St.
Fabergé egg bubble in action
From Deutsche Bank’s Luxury Goods quarterly:
Related links:
Sotheby’s Russian sales signal duller art market – FT
Fabergé exhibition
______
Trouble in the art market
Just in case there were still any doubts about that art market crash, here’s Bloomberg on the results of the latest London art sale:
Nov. 26 (Bloomberg) — About 60 percent of the lots in a London auction of Russian art failed to sell last night as collectors said prices and estimates were too high.