In a spacious, luxury apartment perched on the leafy hills of Hong Kong, Kai-Yin Lo browses through a trove of Chinese art acquired over several decades, reflecting how her niche, scholarly pursuit has now hit the mainstream. Despite giddy Chinese art prices showing some strain from global economic uncertainty, collectors like to think values will
Taxpayers will face a staggering £1.5 billion bill if the nine Leonardo da Vinci paintings on display in the National Gallery this week are damaged or stolen, it emerged today. The Gallery in London has had to nearly double its total indemnity to £3.3 billion with extra insurance from the Government should anything go wrong.
When Tony Greenberg, a 35-year-old retail real estate developer, moved with his family into a 7,000 square-foot house in Westport, Conn. in 2008, he started to fill their new home with art. On display today are op-art pieces that his grandmother collected in the 60s (rescued from his mom’s basement), and more than a dozen
When Chicago-based Leslie Hindman Auctioneers held its Asian arts sale in May of this year, they expected sales of somewhere around a million dollars. The sale ended up racking up $4.2 million—with 80% of the buyers coming from China. Leslie Hindman, the founder of that auctioneer and the former host of HGTV’s At the Auction,
It’s been amazing to follow the recent trend of record-breaking auction prices realized on major works of art ranging from Old Masters like Rembrandt to contemporary superstars like Andy Warhol. Despite a lingering recession, the trend seems poised to continue. This summer, the London-based auction house Christie’s expects to raise more than $400 million in
There’s more than one way to play the index game. While investors have long followed indexes to monitor the stock, bond and other financial markets, there’s no reason the same approach can’t be applied to other items whose values fluctuate over time. Why not an index for rare stamps or fine wines? Or even celebrity
With many affluent consumers utilizing their valuable collections as a means of diversifying their investment portfolios, too often they do not devote adequate time and effort to managing the risks involved with owning such prized collections, according to a white paper released today by ACE Private Risk Services, the high-net-worth personal insurance business of the
The Bay Area has long been knocked for its lack of commercial prospects for artists of all stripes, including visual ones. San Francisco may be teeming with young creative types, but most who want to make a living from art depart for New York or Los Angeles, where strong gallery scenes are complemented by scads
A unique 1945 Joan Miro wood sculpture, “Oiseau Lunaire,” priced at $5 million, was confirmed sold today at the opening of the world’s largest art-and-antiques fair. The Miro had been put on reserve at the booth of the Montreal-based gallery Landau Fine Art Inc. during yesterday’s VIP preview of Tefaf, the European Fine Art Fair,
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