The New York Times published a long article on February 4 detailing the plans of Picasso’s heir, his granddaughter, to accelerate sell-off of her treasure trove of Picasso paintings (about
The New York Times reported that Marina Picasso is actually in possession of 10,000 original Picasso’s paintings that she inherited.
There is clearly real strength in the Impressionist and Modern art market. Last night, Christie’s emulated Sotheby’s success the evening before with a £147 million ($222.8 million) sale,
As an economic force that generates a yearly turnover of $70 billion , art business is now a robust sector of financial markets. In Davos, key actors reviewed the impact of explosive growth
Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle — the investment in fine art funds. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit.
The Post War and Contemporary art markets are growing in sales and buyers. The Middle market is the next place to be with a trend: the living artists.