Top Wall Street guru says he’d rather invest in art and real estate than stocks right now + more art industry news:
A trader works on the floor of the New York Stock Exchange. Photo: Bryan R. Smith/AFP/Getty Images.
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know this Tuesday, May 24.In British Columbia, a new proposal by the provincial government to spend CA$789 million to rebuild the Royal BC Museum in Victoria has come as a rude shock to the public.
over the next five years. “Until we see some real panic we’re not going to see a real bottom,” Minerd said of the stock market. “Bear markets don’t end at fair value—they tend to overshoot.”Ukraine’s curators have been busy scouring sites of conflict for artifacts. The Military History Museum recently opened an exhibition of captured Russian hardware brought to the capital by Ukrainian soldiers, including burned-out military gear, Russian passports, and military records.
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I Have Seen the Death of Culture, and It Was Anna Delvey's Art ShowAnna Delvey’s comeback career as an outsider artist has set the stage for a redemption arc of sorts, but redemption implies undergoing some form of moral evolution. She's barely expressed anything akin to remorse for the harm she did.
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Epic Art World Fraudster Gets 84 Months for $86M SchemeHe globetrotted on private planes, splashed out on $7,000 suits, and orchestrated million-dollar art deals that made him very wealthy. But it was all hinged on lies. On Monday, Inigo Philbrick accepted his long-simmering fate: 84 months in prison.
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Meet Artle, The Wordle Spinoff For Art LoversThe National Gallery of Art in Washington, D.C. has jumped into the game craze with a Wordle spinoff called Artle
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Art values are booming as New York auctions make billions of dollars in salesThe market for high-end art seems to be booming. Total sales for Sotheby's, Christie's and Phillips have hit more than $2.5 billion for 2022 already — led by works of Andy Warhol, Pablo Picasso and more.
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Meet Artle, The Wordle Spinoff For Art LoversThe National Gallery of Art in Washington, D.C. has jumped into the game craze with a Wordle spinoff called Artle
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