Mar 10, 2021 | Art, Auctions, Culture
At some point in the 1980s, looters swiped a stone sculpture of a Hindu diety from a small shrine in Nepal. After several years on the black market, it appeared at auction at Sotheby’s. Despite a complete lack of provenance, the art auction house sold it to a...
Mar 5, 2021 | Art, Articles
It’s so easy to acquire digital art that many people, even professionals working on corporate design, tend to think of it as ownerless. Or at least valueless. After all, if a file can be infinitely replicated, how can it be owned? But digital art has rights of...
Feb 26, 2021 | Art, News & Trending
For a long time, as long as art has been an investment commodity, it has been used to launder money among the wealthy. A seller determines a price, has it appraised for that price by a friendly professional, and then sells it among his inner circle, often via a shell...
Feb 25, 2021 | Art, Auctions
Even the illustrious, ivory tower world of private art sales took a hard hit from 2020. And maybe it’s a little of a relief to see that even the unimaginably wealthy have felt the need to tighten their belts this year too. The most expensive piece of art to sell...
Feb 24, 2021 | Art, Museums, New York
The wealth of any museum is almost always hung on its walls. The collection of the Metropolitan Museum of Art in New York City, for instance, is estimated to be worth somewhere between $100 and $400 billion dollars. (A very rough estimate – no museum would ever...
Feb 17, 2021 | Art, Culture, Donations, Museums, News & Trending, Organizations
According to a 2020 report on the Creative Economy in California, one out of every seven jobs in Los Angeles is in a creative field, be that art, music, studio production, theater, or anything related. Those jobs generate an estimated $203 billion annually in LA...
