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☆ Art dealing can be a tricky business. Insiders share the ins and outs of their 'unusual' world
▼ + stars: | 2024-04-17 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.

Persons: —, Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, …, — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,

☆ US airs concerns to China about 'dangerous and unlawful' South China Sea actions
▼ + stars: | 2023-11-03 | by ( David Brunnstrom | ) www.reuters.com time to read: +3 min

A Philippine supply boat sails near a Chinese Coast Guard ship during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The United States and China held "candid" talks on maritime issues on Friday, including on the contested South China Sea, and the U.S. side underscored its concerns about "dangerous and unlawful" Chinese actions there, the U.S. State Department said. It described the talks as "substantive, constructive, and candid" and said they covered a range of maritime issues, including the South China Sea and East China Sea, which are contested by China and other nations. "The United States underscored concerns with the PRC's dangerous and unlawful actions in the South China Sea," it said, referring to the People's Republic of China. A State Department spokesperson said the U.S. Assistant Secretary for Arms Control Mallory Stewart would host Sun Xiaobo, head of the arms-control department at China's Foreign Ministry, at the State Department next week.

Persons: Adrian Portugal, Mark Lambert, Ocean Affairs Hong Liang, Joe Biden, Xi Jinping, Wang Yi, Mallory Stewart, Sun Xiaobo, Biden, Xi, David Brunnstrom, Sandra Maler, David Gregorio Our Organizations: Coast Guard, REUTERS, Rights, U.S . State Department, Ocean Affairs Hong, State Department, APEC, U.S ., U.S, Arms, Sun, China's Foreign Ministry, Biden, Thomson Locations: Philippine, South China, United States, China, U.S, Beijing, Boundary, San Francisco, The U.S, South, East China, People's Republic of China, Washington

A judge granted a request by Oregon State and Washington State for a temporary restraining order on Monday to prevent departing Pac-12 members from meeting until it can be determined who has the right to make up the disintegrating conference's board of directors. Oregon State and Washington State want full control over decision making for the conference as the only schools committed to the conference beyond the current school year. Oregon State and Washington State contend that eight schools —- Arizona, Arizona State, Colorado, Utah, Oregon, Washington, Stanford and California — forfeited their right to be on the board when they announced their intentions to join other conferences next year. Political Cartoons View All 1152 ImagesThe departing schools dispute what constitutes formal notification of departure from the conference. There were no attorneys for any of the departing schools present for the hearing in a courtroom not far from Washington State's Pullman campus.

Persons: Gary Libey, George Kliavkoff, California —, Mark Lambert, Lambert, Kliavkoff, Ralph D, Russo Organizations: Oregon State, Washington State, Court, Pacific, California, USC, UCLA, Big Ten, Washington State's Pullman, AP Locations: Whitman County, Washington, Arizona, Arizona State , Colorado , Utah , Oregon, Stanford, Washington State's

Waters had also served as the head of the Office of China Coordination - informally known as 'China House' - a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. It was unclear when the State Department will formally announce the appointment. The State Department pushed back on criticism about China House, saying it was one if its highest-functioning teams. Senior officials have acknowledged morale and staffing problems at China House, but denied they were linked to how the State department carries out China policy.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's, “, Biden, Xi Jinping, Daniel Kritenbrink, Humeyra Pamuk, Michael Martina, Don Durfee Organizations: U.S . State Department, of China Coordination, State Department, of, Washington, U.S, Pacific Affairs, Reuters, Republicans, Department, Thomson Locations: China, Taiwan, Beijing, East Asia, of China, U.S, People’s Republic of China, Asia, Australia, New Zealand, State, Lincoln

☆ State Department picks veteran diplomat Mark Lambert as top China policy official
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +1 min

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department that has faced staffing problems and criticism over its handling of China-focused initiatives. Waters had also served as the head of the Office of China Coordination — informally known as "China House" — a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. Lambert's appointment is unlikely to change the tone of Washington's China policy, which President Joe Biden's administration says is one of "intense competition" while trying to increase engagement with Beijing to stabilize ties. It was unclear when the State Department will formally announce the appointment.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's Organizations: U.S . State Department, of China Coordination, State Department, of Locations: Washington , DC, China, Taiwan, Beijing, East Asia, of China, U.S, People's Republic of China

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