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☆ Russian oligarch Dmitry Rybolovlev loses suit accusing Sotheby's of art fraud
▼ + stars: | 2024-01-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Dmitry Rybolovlev, president of As Monaco Football Club SA, arrives at court in New York on Jan. 9, 2024. Russian billionaire Dmitry Rybolovlev on Tuesday lost a New York federal court lawsuit in which he had accused the Sotheby's auction house of helping an art buyer defraud the oligarch by having him grossly overpay for various pieces of art. "It knew the actual prices Bouvier paid to the sellers and the fraudulently inflated prices Bouvier induced Plaintiffs to pay to him," the suit said. At trial, Sotheby's lawyer Sara Shudofsky told jurors that Rybolovlev was "trying to make an innocent party pay for what somebody else did to him." "We are grateful to the jury for its verdict, which totally vindicates Sotheby's of any alleged misconduct," Sotheby's said.

Persons: Dmitry Rybolovlev, Rybolovlev, Yves Bouvier, Bouvier, Leonardo da Vinci, Salvator Mundi, Sara Shudofsky, Shudofsky, Sotheby's, Daniel Kornstein, Kornstein, Donald Trump Organizations: Monaco Football Club SA, New, Xitrans Finance, Associated Press, Geneva, CNBC PRO Locations: New York, U.S, Manhattan, Sotheby's, Christie's, Beach , Florida, Singapore , Hong Kong , New York, Monaco

☆ Your Next 10 Steps After Watching the New ‘Napoleon’ Film
▼ + stars: | 2023-11-21 | by ( Victor Mather | More About Victor Mather | ) www.nytimes.com time to read: +1 min

Since you’re already in Paris to see that horse, stop by the Louvre for one of Jacques-Louis David’s masterworks: “Le Sacre de Napoléon” (1807). Far from a stock figure, he is a fully realized person in the novel, displaying egotism, anger and a liking for snuff. If that famously thick book is too much, there are several film versions. Herbert Lom plays Napoleon in a 1956 Hollywood film starring Audrey Hepburn and Henry Fonda. And Prokofiev wrote an opera that was last seen at the Met in 2008, but is readily available on streaming services.

Persons: Jacques, Louis David’s, Napoléon ”, Napoleon, Pope, Read, Leo Tolstoy’s, ” Napoleon, Herbert Lom, Audrey Hepburn, Henry Fonda, Prokofiev, William Thackeray’s, George Orwell’s Organizations: Louvre, Notre Dame, Times, Met Locations: Paris, Moscow, Hollywood, Le

☆ It's better for thousands of people to own a significant artwork than a single collector: Masterworks
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's better for thousands of people to own a significant artwork than a single collector: MasterworksMasterworks’ CEO Scott Lynn explains how the company's the trading platform unlocks access to the art market for retail investors.

Persons: Scott Lynn

☆ Masterworks CEO Scott Lynn talks how to break into the art investing space
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMasterworks CEO Scott Lynn talks how to break into the art investing spaceHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Scott Lynn, Brian Sullivan, “ Organizations: CNBC

NEW YORK (AP) — He was a giant of 20th-century art, but that doesn’t mean Pablo Picasso needed a big canvas. It was 1918 and Picasso, then in his mid-30s, had just married ballet dancer Olga Khokhlova. The exhibit, which opened Friday, is a collaboration with the Madrid foundation run by a grandson of Picasso’s, Bernard Ruiz-Picasso. It comes nearly 40 years after the gallery’s initial 1986 show of Picasso sketchbooks, called “Je Suis le Cahier (I am the Sketchbook)" after a notation Picasso made on one of his pads — which subsequently toured the globe. The Pace Gallery show runs until December 22..

Persons: Pablo Picasso, “ Picasso, Picasso, Olga Khokhlova, Picasso’s, Bernard Ruiz, Marie, Thérèse Walter, ”, Marc Glimcher, Glimcher, Dora Maar, Ruiz, Paul Picasso, ” Ruiz, “ Organizations: Pace, “ Locations: “, balmy Biarritz, Madrid, —, New York, France, Juan, Mougins

☆ The Met Gala announces the 2024 theme ‘Sleeping Beauties’
▼ + stars: | 2023-11-08 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —The Metropolitan Museum of Art’s Costume Institute has revealed details of its 2024 spring exhibition, which serves as the inspiration for the theme of the accompanying Met Gala. “Sleeping Beauties: Reawakening Fashion” will be presented at the Costume Institute in New York from May 10 through September 2, 2024, pulling rare “masterworks” from the Institute’s archive for museumgoers to experience in a new, imaginative way, according to a press release. Nick Knight/Courtesy of The Metropolitan Museum of Art“When an item of clothing enters our collection, its status is changed irrevocably. Hippolyte Petit/BFA.com; Courtesy The Metropolitan Museum of ArtGarments too fragile to be dressed on mannequins will be displayed instead as the titular “sleeping beauties,” appearing in coffin-like glass displays with microscopes available to observe their deterioration up close, according to the Institute. But how will celebrities interpret a more abstract, nuanced theme on the Met Gala’s red carpet — especially one that focuses on garments that one can no longer wear?

Persons: Karl Lagerfeld’s, Madeleine Vionnet, Elsa Schiaparelli, Christian Dior, Alexander McQueen, Charles Frederick Worth, Nick Knight, ”, Andrew Bolton, Hippolyte Petit, Karolina Kurkova’s Marchesa, Blake, Ralph Lauren Organizations: CNN, Metropolitan Museum, Art’s, Costume Institute, Met, Metropolitan Museum of Art, Dior's, Metropolitan Museum of, Institute Locations: New York, Worth

☆ An $80 Million Duplex Is the Priciest Closing (So Far) This Year
▼ + stars: | 2023-09-01 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

The year’s most expensive sale in New York City took place in August at 220 Central Park South in Midtown, where an expansive duplex in the villa portion of the park-facing condo complex closed at $80 million. It sold for $30 million, far less than the $110 million initially sought by the developers six years ago. The buyer was Scott Lynn, an art collector and the founder and chief executive of Masterworks, an art investment platform. The crown penthouse at the new 20-story condo at 109 East 79th Street also sold, for $35 million, which was the month’s second biggest sale. The full-floor unit has 5,721 square feet, plus an additional 3,666 square feet of outdoor space.

Persons: Nima Capital, Suna Said, Scott Lynn Organizations: New York City, Nima, Woolworth, Masterworks Locations: New York, Midtown, TriBeCa

☆ My Unlikely Writing Teacher: Pedro Martinez
▼ + stars: | 2023-07-11 | by ( Will Harrison | ) www.nytimes.com time to read: +3 min

Socked in during Covid lockdown, I became increasingly obsessed with archival footage of “actual human life,” so I scoured the internet for any videos I could find of Pedro Martinez, my favorite baseball player, in action. Contemporary viewers can see what I would argue is not merely a baseball game but a novel, an opera, a lyric masterpiece. Fastball, curveball, changeup. Normal sentence, long sentence, short sentence. Straight declarative sentence, periodic sentence, sentence fragment.

Persons: Pedro Martinez, I’d, Virginia Woolf, Dalloway, ”, ” I’m, Martinez, —, Chuck Knoblauch’s, ” Woolf, Lucy, Chili Davis, Gerald Williams Organizations: Boston Red Sox, Yankees, Yankee, Tampa Bay Devil Rays Locations: New York, Tampa

☆ Malta, Land of Knights, Sailors and Rainbow Flags
▼ + stars: | 2023-06-20 | by ( Alexander Lobrano | ) www.nytimes.com time to read: +1 min

Knowing nothing about Maltese food, I assumed it would be a variation on the fare of nearby Sicily. “Our food is a reflection of all of the peoples who ruled us,” he said, explaining that Malta has one of the world’s most cosmopolitan cuisines. Baroque masterworks and neon-lit nightlifeMalta is only 122 square miles, so 72 hours had seemed like an adequate amount of time to explore. I decided to check out the main island first, and then Valletta itself after that. The delightful Anna Grech Sant, a local guide, offered an abbreviated but fascinating lesson in Maltese history, richly seasoned with memorable trivia.

Persons: ruddy, bouillon, Brincat, ”, Anna Grech Sant Organizations: British Navy Locations: Sicily, Malta, Libya, India, Northern Europe, Bolognese, Gozo, Valletta

☆ Picasso: Love Him or Hate Him?
▼ + stars: | 2023-04-05 | by ( Deborah Solomon | April | ) www.nytimes.com time to read: +14 min

It is not hugely cool to profess a love for Picasso these days. This is what Picasso’s detractors — like Hannah Gadsby, the Australian comedian and Picasso basher, who will help curate a Picasso show at the Brooklyn Museum opening on June 2 — often miss. Picasso, by contrast, brought the weight of lived experience into his work, even when he was tethered to archetypal subjects. “The Mother” (1901), an early painting by Picasso, shows a view of motherhood purged of Renaissance idealization. The conventional view of the painting holds that the women are “dolled-up cocottes,” as John Richardson glibly put it in his biography of Picasso.

☆ An investing expert who says 'cash is king' right now explains how investors should stockpile so they're ready to jump on new opportunities following the economic downturn
▼ + stars: | 2023-03-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Investing expert Lauren Simmons recommends avoiding the stock market right now. Today's financial climate is unusual: the stock market continues to be volatile and inflation has been out of control. Those "less conservative vehicles" currently include the stock market, she noted: "The stock market is still very volatile. Rather than investing in the stock market right now, she advises stockpiling cash. (The savings account interest rates offered at major banks like Chase, Bank of America, and Wells Fargo are around 0.01%.)

☆ Fintechs are opening up access to alternative investments previously reserved for sophisticated investors, but some VCs question if that's a good thing
▼ + stars: | 2022-11-28 | by ( Asia Martin | ) www.businessinsider.com time to read: +8 min

But some don't think retail investors are ready for the level of risk in the asset class. Alternative investments, as the name suggests, is an asset outside of traditional investments like stocks, bonds, and cash. Investors choose from private-equity funds, venture capital, hedge funds, real estate, and art, among other areas. Such returns have attracted state pension funds, university endowments, and, most recently, individual investors from the ultra-high-net-worth to the Joe Schmoes. Companies like iCapital, Allocate, RealBlocks and CAIS (pronounced case) launched to help wealth-management firms usher their clients into sought-after private market funds.

☆ Streaming TV shows are 21st-century 'cathedrals', screenwriting guru McKee says
▼ + stars: | 2022-11-24 | by ( Dan Williams | ) www.reuters.com time to read: +2 min

[1/2] Screenwriting mentor Robert McKee speaks at Tel Aviv University on the final leg of the farewell tour for his lecture series in Tel Aviv, Israel November 24, 2022. "I see the future as rather brilliant, but it's not in the cinema," McKee told Reuters during a visit to Israel, the final leg for the farewell tour of his lecture series. "And great television does exactly that," added McKee, the author of five books who has, for decades, delivered what the New York Times dubbed "the most popular screenwriting seminar in the country" to tens of thousands of students. "I don't care," about the changing economics, said McKee, who plans to develop a new seminar which he will deliver online. "My quest is: How can I make these irreducible components of story clearer so that people will get it faster and better?"

☆ Watch CNBC's full interview with Masterworks CEO Scott Lynn
▼ + stars: | 2022-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Masterworks CEO Scott LynnMasterworks CEO Scott Lynn joins CNBC's 'Squawk Box' to discuss the art market and whether fine art is a safer store of value for investors amid high inflation and crypto's collapse. "We do think art performs well during inflationary periods," Lynn tells CNBC.

☆ Art behaves differently than other asset classes, says Masterworks CEO Scott Lynn
▼ + stars: | 2022-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArt behaves differently than other asset classes, says Masterworks CEO Scott LynnMasterworks CEO Scott Lynn joins CNBC's 'Squawk Box' to discuss the art market and whether fine art is a safer store of value for investors amid high inflation and crypto's collapse.

☆ Finance influencers are cashing in on YouTube. A creator with 269,000 subscribers shares how much his channel earned every month this year.
▼ + stars: | 2022-11-16 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +3 min

Finance YouTuber Joshua Mayo shared exactly how much his channel earned every month this year. "When I started my YouTube channel, it was a slow start," the 29-year-old Mayo told Insider. His channel earned $55,459.35 from Google-placed ads. Personal finance videos tend to be lucrative because their audience is seen as more valuable to certain advertisers, particularly those in the finance space who are willing to pay top dollar. How much Mayo's YouTube channel earned every month in 2022Creators must have at least 1,000 subscribers and 4,000 watch hours in the past year to apply for YouTube's Partner Program.

☆ How anyone can get a cut of the $1.2T vacation rental market with reAlpha
▼ + stars: | 2022-11-10 | by ( Sponsor Post | Created Realpha With Insider Studios | ) www.businessinsider.com time to read: +9 min

And anyone can invest as they disrupt the $1.2 trillion short-term rental market. Now reAlpha is doing it for the $1.2 trillion short-term rental industry — and the timing couldn't be better. Why reAlpha targets the vacation rental marketreAlpha is targeting the vacation rental market because it's outperforming the rest of the real estate sector, and isn't slowing down. reAlpha makes short-term rental investing easyWhile many aspiring property investors are looking to get in on the $1.2 trillion short-term rental market, they're faced with roadblock after roadblock. Not only is reAlpha targeting the fast-growing vacation rental market, but they're using AI to take the opportunity to the next level.

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