How Tommy Hilfiger plays the art market

IOL | James Tarmy:

New York – In the early 1980s, the designer Tommy Hilfiger met the artist Andy Warhol. “He brought me to his Factory and showed me his art,” Hilfiger recalled on a telephone call. “At the time, I wasn’t in a position to buy it, which is too bad, because it would have been a great investment.” Three decades later, Hilfiger has become what he euphemistically describes as “self-sufficient” (having sold his namesake company for $1.6 billion in 2006), and he’s emerged as a dedicated art collector… Read more

Image: Tommy Hilfiger. File picture: Carlo Allegri. Credit: REUTERS