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☆ Asia's young and wealthy are fueling demand for art — what are they collecting?
▼ + stars: | 2024-01-08 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +2 min

Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist's first known nude, at the Christie's auction house in Paris on May 18, 2022. Wealthy, young collectors in Asia have been fueling demand for art — particularly via online channels — and have emerged as a key clientele for international auction houses. A report from the auction house showed a 65% increase in new Gen Z buyers in 2023. Sotheby's 2023 report stated that bidding activity of younger collectors grew to 30% in the first half of 2023 from 6% in 2018. Millennials and Gen X — aged 44 to 59 — are classified as "younger collectors" by the auction house.

Persons: Victoire, Michelangelo, Gen Zers, Christie's, Phillips, millennials, Millennials, X — Organizations: Art Basel, UBS Survey, CNBC Locations: Paris, Asia, Mainland China, Hong Kong, Singapore, Christie's Hong Kong, China, Taiwan, Asia Pacific, Americas, Europe, millennials, South Korea

☆ Marie NDiaye Raises Questions She Has No Intention of Answering
▼ + stars: | 2023-10-18 | by ( Laura Cappelle | ) www.nytimes.com time to read: +2 min

In 2008, Pap Ndiaye published “La Condition Noire” (“The Black Condition”), an essay on Black history and discrimination in France. NDiaye wrote a foreword for the book in the form of a short story about two sisters of different races. “I liked the idea that at school people didn’t ask you to define yourself by this,” she said of her youth. Until a work trip last year, NDiaye had been to Senegal, her father’s home country, only once, when she was 19. “I was doing what I thought I was made for, what I loved, but I didn’t really consider the future.”

Persons: Pap Ndiaye, NDiaye, Victoire, “, ” NDiaye, Paula, didn’t, ”, Joyce Carol Oates, Les, hadn’t Locations: France, Senegal, Burkina Faso, Ivory Coast, Minuit

The pandemic pushed financial giants to embrace a more casual dress code that many other corporations had begun to embrace. Diversity in dressFor some women on Wall Street, the shift from business formal to business casual has allowed them to step out of the unofficial uniform of pantsuits and sheath dresses. Lululemon in the boardroomNo Wall Streeters mentioned buying more Ferragamo ties, but many said they were leaning into athleisure. People still come in wearing their suits and ties and their Louboutins, and I'm like, 'what are we doing here?' "For a lot of client interactions, dressing business casual can make it more comfortable and can lead to a better relationship-building experience."

Persons: Luis Arteaga, Shanta Wu, Kristen Powers, Morgan Stanley, She's, Thom Browne, Anne, Victoire Auriault, Goldman Sachs, Jack Dillon, He's, David Trinh, It's, we've, Thoma Bravo, Andrew Almeida, Richard Handler, Jefferies, Katya Brozyna, I'm, Benjamin Kiflom, Neil Kamath, Sarah Sigfusson, Michael Wilkinson, Wells, Patrick McGoldrick, Laiwala, I've, Rachel Hunter, Goldman, Luna McKeon, Ricky Mewani, Dominic Rizzo, Rowe Price Organizations: Barclays, Fidelity, Vista Equity Partners, Bridgewater, Jefferies, Nike Air Force, Goldman Sachs Asset Management, Bank of, Moelis & Company, KKR, Blue Owl, Citadel Locations: Bridgewater, New York, Florida, Miami, San Francisco

Making mistakes doesn't feel great, but they can provide some lessons you might not have learned otherwise. We asked this year's rising stars of Wall Street to open up about the biggest missteps of their careers so far and what they took away from them. Some shared their rookie errors — like slamming their laptop shut after forgetting to save their first big pitch deck or duplicating a trade — while others gave more reflective answers about how early career mistakes impacted their paths. We've got to iterate and change how we do things, and I think that's helped our team's process a lot. So my mistakes also brought me here, and everything that has been a mistake is always a learning experience.

Persons: there's, Luis Arteaga, David Trinh, you'll, Michael Dunn Goekjian, Tori Gilliland, didn't, It's, Andrew Almeida, Thoma Bravo I've, I've, Nadim Laiwala, Rachel Hunter, Goldman, Kristen Powers, Morgan Stanley, Sarah Sigfusson, Shanta Wu, Fred Michel, who's, Morgan, Neil Kamath, Rachel Barry, Chris Dell'Amore, We've, that's, Peter Gylfe, Ricky Mewani, Dominic Rizzo, Rowe Price, Lillian Qian Lin, of, Steve Schwarzman, Peter Peterson, Stephen Schwarzman, Blackstone, Patrick McGoldrick, Katya Brozyna, Michael Wilkinson, Yi Yi, Wells, Luna McKeon, —, Anne, Victoire Auriault, Goldman Sachs Organizations: Barclays, Delta, Barclays Bridgewater Associates, Bridgewater Associates, Apollo Management, Thoma Bravo, Moelis, US, Bank of, Fidelity, JPMorgan, BlackRock Blackstone, Citadel, Blackstone, Jefferies, Citadel Securities, Blue Owl, Goldman Locations: Bank, Evercore, Wells, Americas

☆ Insider Today: Finance's next generation
▼ + stars: | 2023-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

This post originally appeared in the Insider Today newsletter. Tech: An Amazon exec told employees the tech giant's RTO plans could take up to three years. An Amazon exec told employees the tech giant's RTO plans could take up to three years. Insider is again highlighting some of the brightest young minds in finance with our annual list of Wall Street's rising stars. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Harrison, Alyssa Powell, Michelle Abrego, Luna McKeon, Michael Dunn Goekjian, Anne, Victoire Auriault, Goldman Sachs, Jack Dillon didn't, Thom Browne, Dillon, Patrick McGoldrick, Pat, Liu Jie, That'll, Jeffrey Epstein, Jes Staley, Epstein, Bill Tompkins, Donald Trump, it's, Austin Harris, Chris Pizzello, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Mark Zuckerberg, Lil Wayne, Avril Lavigne, Jenna Ortega, Gwyneth Paltrow, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Amazon, Jack Dillon didn't nab, Vista Equity Partners, New England Patriots, Morgan Asset Management, Getty, Verizon, JPMorgan, US Virgin Islands, SVP, Microsoft, FTC, Federal Trade Commission, AP, Fox Business, Florida Gov, Meta, Publishing Locations: Xinhua, Delta, Northern California, San Francisco, Florida, New York City, San Diego, London, New York

☆ ‘And Just Like That …’ Season 2, Episodes 1 and 2 Recap: Relationship Place
▼ + stars: | 2023-06-22 | by ( Ali Trachta | ) www.nytimes.com time to read: +2 min

Meanwhile, Seema actually gives up her Met Ball ticket in order to meet the son of her beau, Zed (William Abadie). This isn’t the only love interest we come to find still has a problematic tie to a former spouse. Over on the West Coast, Miranda finds herself stranded in Malibu without a phone to call an Uber. Which brings me to an argument I made throughout Season 1, which most people disagreed with me on. And it’s not the only swift pack-up we see within these episodes.

Persons: Seema, Zed, William Abadie, Victoire, Rachel Kylian, Miranda, Uber, Che, Lyle, Oliver Hudson, shrugs, biggie, Steve Brady, David Eigenberg, —, Nya, Andre Rashad, LeRoy McClain, hasn’t Organizations: Met Ball Locations: West Coast, Malibu

☆ Goldman Sachs reshuffles equities unit executives after top trader Montesano's exit
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - Goldman Sachs Group Inc (GS.N) on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month, according to a memo seen by Reuters. Cyril Goddeeris will continue to lead global equity financing, which includes his responsibilities as co-head of global prime services and head of global securities lending and synthetic trading. Dimitrios Nikolakopoulos will lead global equity structured products. Dmitri Potishko and Erdit Hoxha will be co-heads of global flow derivatives and emerging markets trading. Travis Chmelka, who joined the firm in 2004 and was named managing director in 2013 and partner in 2020, will head Americas Flow Derivatives.

☆ An auction of 60 works from the late Microsoft co-founder Paul Allen's art collection smashes records by raising $1.5 billion
▼ + stars: | 2022-11-10 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

An auction of late Microsoft co-founder Paul Allen's art collection raised just over $1.5 billion. The Christie's auction has set a new record as the biggest art sale in history. The most expensive work was Georges Seurat's "Les Poseuses, Ensemble (Petite version)", which fetched $149.2 million. This painting, which depicts three nude women, is considered a pioneering work of Seurat's signature style of Pointillism. A total of five pieces went for more than $100 million each at the auction in New York on Wednesday night.

☆ Paul Allen's art collection hauls in record $1.5 bln at auction
▼ + stars: | 2022-11-10 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

The total represented the highest amount ever collected at a single art auction, according to the auction house, Christie's in New York. Among the priciest works sold was Pointillist pioneer Georges Seurat's Les Poseuses, Ensemble (Petite version), an 1888 oil on canvas depicting three nude women. Cezanne's "La Montagne Sainte-Victoire", a colorful landscape painted from 1888-1890, sold for $137.8 million, another record. And a Gustav Klimt 1903 painting, "Birch Forest," set the high mark for a Klimt work, selling for $104.6 million. Additional pieces from Allen's collection will be offered at auction on Thursday.

☆ Microsoft co-founder Paul Allen's art collection tops $1.5 billion at auction
▼ + stars: | 2022-11-10 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Christie's sold 60 works from the Paul G. Allen Collection for over $1.5 billion Wednesday night, as wealthy collectors around the world shrugged off economic and crypto worries to invest in trophy artworks. Several works sold for three or four times their estimates, with several artists setting new records at auction, including Vincent van Gogh, Edward Steichen and Gustav Klimt. The sales total of $1.506 billion shattered the previous record for the most expensive collection ever auctioned, set by the Harry and Linda Macklowe collection auctioned at Sotheby's for $922 million. The sales total for the Allen collection will soar even higher Thursday morning, when another 95 lots head to auction. The collection of Paul Allen, the late co-founder of Microsoft, was a treasure trove of masterpieces spanning 500 years.

☆ Cezanne, Seurat works headline $1 bln sale from late Microsoft co-founder's estate
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Described as "the sale of this century" by auction house Christie's, the collection of more than 150 pieces spans 500 years of art history from Sandro Botticelli to David Hockney. Register now for FREE unlimited access to Reuters.com RegisterChristie's Global President Jussi Pylkkanen said he expected overall proceeds "well in excess of $1 billion." Allen, who together with school friend Bill Gates started Microsoft in 1975 before leaving the software company several years later, died in 2018, aged 65. Hockney's "Queen Anne's Lace Near Kilham" has a price estimate of $8 million-$12 million and Alberto Giacometti's sculpture "Femme de Venise III" $15 million-$20 million. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marie-Louise Gumuchian; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

☆ „Love is a human right.” Parlamentul elvețian a aprobat căsătoriile între persoane de același sex
▼ + stars: | 2020-12-18 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Parlamentul elvețian a aprobat vineri un proiect de lege care autorizează căsătoriile pentru cuplurile gay, la mai mulți ani după adoptarea unor legi similare în numeroase alte state din Europa Occidentală, transmite AFP, relatează AGERPRES. Cetățenii elvețieni vor avea însă ultimul cuvânt, deoarece partidul Uniunea Democratică Federală (UDF), o mică formațiune care apără valorile creștine, a anunțat deja că va iniția un referendum pe această temă. Până acum, cuplurile gay puteau să încheie parteneriate înregistrate, care nu le ofereau însă aceleași drepturi de care beneficiază cuplurile heterosexuale căsătorite. #Suisse 🇨🇭Le Parlement a dit OUI au #mariagepourtous #mariagepourtoutes (avec PMA) lors du vote final! C’est une victoire historique pour les droits de la communauté LGBTIQ* 🏳️‍🌈#Loveislove pic.twitter.com/S1QTeV4z3N — Amnesty Suisse (@Amnesty_Suisse) December 18, 2020Asociația Famille Arc-en-ciel, creată în 2010 pentru a apăra interesele familiilor homoparentale din Elveția, a anunțat la rândul ei că se pregătește deja pentru referendumul anunțat de UDF.

Persons: Suisse, ția, a Organizations: Uniunea Democratică, Amnesty Suisse Locations: elvețian, Europa Occidentală, AGERPRES, Uniunea Democratică Federală

Donald Trump a prédit sa «grande victoire» à l'élection présidentielle. Il a accusé les démocrates de tenter de la lui «voler», et a promis de s’exprimer dans la nuit de mardi à mercredi. Președintele republican Donald Trump i-a acuzat pe democrați că au încercat să „fure” alegerile prezidențiale de marți din Statele Unite, adăugând că nu le va lăsa. Donald Trump a spus, prin Twitter, că va vorbi peste noapte, invocând o „mare victorie”. Votul nu poate fi exprimat după închiderea urnelor”, a scris pe Twitter Trump.

Persons: Donald Trump, Trump, Joe Biden Organizations: Albă, Edison Research Institute Locations: Statele Unite, SUA, președinție, Florida, Bucureștiului

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