fbpx

Advisers to the Ultra-Rich Try to Treat Art as Just Another Asset

Bloomberg | Katya Kazakina:

A small conference in New York this spring brought together two secretive, expanding industries serving the wealthy: the art market and the family office. It was part of the Armory Show, a contemporary-art bazaar that sprawled over two Hudson River piers for five days in March. Attendees were pitched products ranging from art funds to derivatives linked to art prices. Nearby, a massive cube of what looked like concrete, priced at $350,000, defied gravity as it rotated in midair… Read more

Image: Gerhard Richter’s DüsenjägerSource: Phillips

2018-10-29T11:05:06+00:00