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Top related persons:
George Dyer - 2 Robert Frank - 1 Phillips - 1 Paul Allen - 1 Brooke Lampley - 1 Buyers - 1 Sellers - 1 Philip Hoffman - 1
Top related locs:
— Gagosian Liechtenstein
Top related orgs:
Sotheby's - 1 Fine Art Group - 1 CNBC Dealers - 1 CNBC - 1 Street Journal - 1 Service - 1 Wall Street - 1

Search resuls for: "George Dyer"


2 mentions found


☆ An art market full of cracks is about to face a $1 billion test
  + stars: | 2024-05-10 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
Art auction sales at Christie's, Sotheby's and Phillips over the next two weeks are expected to total $1.2 billion, down 18% from a year ago and nearly half the total for the May 2022 sales, according to ArtTactic. It extends a recent decline for the art market from its post-Covid peak, when cheap money, a booming stock market and fiscal stimulus saw record sales. It's the buyers showing up and what the work will sell for that will define our perception of the art market right now. Price pressuresDealers and art experts say the auction art market is stalled over price, with sellers not willing to get a lower price than they might have gotten at the peak of the market in 2021-2022. "The question they're asking is, 'Should we buy in to the art market right now?'"
Persons: Robert Frank, Phillips, Paul Allen, Brooke Lampley, Buyers, Sellers, Philip Hoffman, CNBC's Robert Frank, Andy Warhol, Jean, Michel Basquiat, Crystal Lau, Andrew Fabricant, It's, Hoffman, Francis Bacon's, George Dyer, Bacon, Dyer, Michel Basquiat's Organizations: Sotheby's, Fine Art Group, CNBC Dealers, CNBC Locations: —, Gagosian
☆ Shares of famous artwork are going public for the first time with a top painting's IPO expected to draw $55 million
  + stars: | 2023-06-23 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
It will allow retail investors to join the high-value art market, purchasing fractional ownership. The IPO is led by Artex, with shares only available on a specially made art stock exchange. Shares will be valued at around $100 each and will trade on a newly formed art stock exchange in Liechtenstein. By splitting a work's cost into more-affordable shares, retail investors can join the market without having to pay millions of dollars. While other companies have offered fractionalized ownership for artwork before, Artex is the first to take a piece public, allowing shares to be traded more easily.
Persons: Francis Bacon, Artex, —, George Dyer Organizations: Street Journal, Service, Wall Street Locations: Liechtenstein
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