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☆ A bumper crop of art is hitting the New York auction market. Will Trump help?
▼ + stars: | 2024-11-19 | by ( Auzinea Bacon | John Towfighi | ) edition.cnn.com time to read: +6 min

Art on the auction blockA little more than half of Phillips, Christie’s and Sotheby’s sales — which will carry the three aforementioned art pieces — were based in New York, where 34 of the top 50 auction lots were sold in 2023, according to an Art Basel and UBS Art Market Report. Christie’s is auctioning 689 lots this week as part of the November art auctions. But Todd Levin of Levin Art Group was skeptical that tax cuts would do much for the art market. Interest ratesAnother drag on the art market over the last few years: high interest rates. A signal for what’s to comeNew York’s art auctions in the spring and fall could be a sign of things to come for the global art market, according to Woodham.

Persons: Maurizio Cattelan’s, ”, Andy Warhol’s “, Rene Magritte’s “, Sotheby’s, Phillips, Merrill Lynch, Donald Trump, Alex Glauber, ” Glauber, Christie’s, René Magritte, Marc Porter, Hiroko Masuike, Trump, bode, Todd Levin, “ It’s, Doug Woodham, —, Fernando Botero's, Kena Batancur, Glauber, Amy Whitaker, ’, ” Whitaker Organizations: New, New York CNN, Andy Warhol’s “ New York Skyscrapers, of, Christie’s, Association of Professional Art Advisors, CNN, Art Basel, UBS Art, New York Times, UBS Survey, Global, Trump White, Levin Art, Federal Reserve, Trump, NYU Steinhardt Locations: New York, Belgian, Christie’s Americas, Woodham, AFP, Miami

☆ Kmart has all but disappeared from the US. But its Australian namesake is booming.
▼ + stars: | 2024-11-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

AdvertisementThe closure of a Kmart store in Bridgehampton, New York, in October marked the end of an era for the iconic chain. Now, just one Kmart store remains in the mainland US, tucked away inside an At Home store in southwest Miami. "We see this in things such as Kmart hacks," where creators showcase how they use Kmart products in novel ways to help in their everyday lives, Lloyd-Wallis said. A race to the bottomSo far, Kmart Australia has weathered the e-commerce storm, in part thanks to the geographical challenges companies like Amazon face in Australia. It seems, then, that Kmart Australia could find itself in a price race to the bottom.

Persons: —, Gary Mortimer, Mortimer, They've, Ian Bailey, it's, Bailey, we've, Anastasia Lloyd, Wallis, news.com.au, Roy Morgan, Laura Demasi, Roy Morgan's Organizations: Kmart, Service, Walmart, Target, Kmart Group, Queensland University of Technology, National Retail Federation, Kmart Australia, Getty, Retail Doctor Group, Lloyd, Amazon Australia Locations: Australia, Bridgehampton , New York, Miami, Australian, Melbourne, New Zealand, Target Australia, Canada, Singapore, Philippines, Sydney, Kmart Australia

The winger was named captain for the U.S. men’s national team’s opening game against Bolivia at the 2024 Copa America. Pulisic sprinted to the sideline looking for someone in the crowd until he finally found USMNT set piece coach Gianni Vio. This U.S. team needs Pulisic to be a game-changer if they are going to make a run in the tournament. PULISIC WHAT A GOAL 😱🔥 WHAT A START FOR THE @USMNT 🇺🇸 pic.twitter.com/PaXw3NleF3 — FOX Soccer (@FOXSoccer) June 23, 2024Pulisic also set up the second goal. Balogun set himself and arrowed a precise left-footed strike beyond Guillermo Viscarra and into the corner of the net.

Persons: Pulisic, Tim Weah, —, Weah, Gianni, ove at th, dou, inge, Gregg Berha, Adams, ince, Reyna ’ s honor, ake, ss end., the r, ory, out g, nic, alo, liv, John T Organizations: Copa America, The Athletic, U.S, Bolivia, America, unt, emi Locations: U.S, osh, goa

☆ Nigel Farage: The US-style migration debate taking over Britain’s election
▼ + stars: | 2024-06-16 | by ( Rob Picheta | ) edition.cnn.com time to read: +14 min

“It’s a bit like God’s waiting room.”But Clacton is the front line of Britain’s migration debate. The Reform leader uses divisive language on migration, warning supporters of what he calls an "invasion" of asylum seekers. Despite years of tough rhetoric and policies aimed at deterring the arrival of asylum seekers – devised largely to placate Farage’s supporters – Britain’s asylum system is creaking. Laws prevent most asylum seekers from working, so while taxpayers fund their accommodation, they cannot contribute formally to the economy. That could widen even further the chasm in understanding between his voters and Britain’s asylum seekers, experts fear.

Persons: ” Danny Botterell, Nigel Farage, BEN STANSALL, Donald Trump, Nigel, ” Botterell, “, Farage, ” Farage, –, Rob Picheta, CNN Britain’s, Rishi Sunak’s, ” Zoe Gardner, “ Farage, “ They’ll, ”, Louise Brockwell, Danny Botterell, David Cameron –, Europe –, Sunak, Cameron, Farage’s, ted Britain’s, France –, ” Gardner, Masood, they’re, ” Masood, Brexit, Douglas Carswell, ” Carswell, ” “ There’s, Carswell, Bob Brace, Farage's, hasn’t, Jack, can’t, you’re, Bridget Tyril, Roy Whitehead, Keir Starmer, “ It’s, they’ve, Karen French, “ I’ve, He’s, James Johnson, Theresa May’s, pollster, Queen Elizabeth II, restauranter Dean Coles, Jehosh, Gardner Organizations: England CNN —, Seagulls, CNN, Getty, Clacton, Labour, Brexit Party, Tories, Jays, Sky News, Times, Home Office, Conservative, UKIP, EU, Brexit, Mississippi Center for Public, John, People, Trump, Downing, Partners, “, Conservatives Locations: Clacton, England, Clacton Pier, Europe, ”, London, “, AFP, United States, Britain, Westminster, India, France, Bibby Stockholm, Kent, Afghanistan, UAE, Essex, Jaywick, It’s France, Netherlands, Germany

☆ 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

☆ Turner Prize Shortlist Leans In to Artists’ Identities
▼ + stars: | 2024-04-24 | by ( Alex Marshall | ) www.nytimes.com time to read: +1 min

Claudette Johnson, a Black British visual artist who is experiencing a late-career renaissance, and Jasleen Kaur, an artist whose installations have explored her upbringing in a Scottish Sikh community, are among the nominees for this year’s Turner Prize, the prestigious British art award. The four-person shortlist was announced on Wednesday at a news conference at the Tate Britain art museum in London. Each artist is nominated for an exhibition held in the past 12 months, and Tate Britain will host a group show of their work from Sept. 25 to Feb. 16, 2025. Johnson, 65, whose portraits of Black women and men in pastels and watercolor are held in the collections of Tate and the Baltimore Museum of Art, is the highest-profile artist shortlisted. Her career began in the 1980s as a member of the Blk Art Group, a British collective, but she stopped exhibiting for decades while she raised two children.

Persons: Claudette Johnson, Jasleen Kaur, year’s Turner, Johnson, Black, ” Organizations: Scottish Sikh, British, Tate, Baltimore Museum of Art, Art, New York Times Style Locations: British, Scottish, Tate Britain, London

☆ I quit my $400,000 Morgan Stanley job to become a startup founder. Loneliness was the biggest challenge, but I don't regret it.
▼ + stars: | 2024-02-13 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +6 min

I decided to leave investment banking because I'd lost the meaning and purpose of my work, and I wanted to find it. Becoming a managing director wasn't a specific goal when I started in investment banking. I realized money is just part of the puzzle. The biggest expense isn't the business investment but the opportunity cost and covering my living expenses while extending my financial runway. I don’t have fixed commitments, like a mortgage or children, which gave me the flexibility to leave my banking career.

Persons: —, Valeri Gervaziev, Morgan Stanley, I'd, wasn't, could’ve, HENRY, I’ve, I've, Lauryn Haas Organizations: Service, Barclays, Business, lhaas@businessinsider.com Locations: London, Bulgaria

To be sure, China is still Walmart's biggest country for importing goods. "We want the best prices," Andrea Albright, Walmart's executive vice president of sourcing said in an interview. Walmart has been accelerating growth in India since 2018, when it bought a 77% stake in Indian e-commerce firm Flipkart. Its rapidly growing workforce and technological advancement were a draw for Walmart, Albright said. The rising cost of shipping goods from China has also contributed to the switch to India, supply chain experts say.

Persons: Eduardo Munoz, Andrea Albright, we're, Albright, Doug McMillon, Narendra Modi, Modi, McMillon, Rajesh Kharabanda, Chris Rogers, Shekhar Gupta, Devgiri, Richa Naidu, Siddharth Cavale, Casey Hall, Manoj Kumar, Matthew Scuffham, Sharon Singleton Organizations: Walmart, REUTERS, Companies Walmart, Reuters, Flipkart, Walmart Global Tech India, Indian, Amazon, Freewill, P, Thomson Locations: Teterboro , New Jersey, U.S, India, China, United States, Washington, Beijing, Thailand, Vietnam, Bangalore, Pakistan, Bangladesh, Mundra Port, Gujarat

[1/5] A member of the teamLab digital art group poses in an installation in preparation for the reopening of their Borderless museum in February at the Azabudai Hills complex in Tokyo, Japan November 17, 2023. The name refers to digital art pieces that blend into each other and encourage guests to wander at their own pace. The relocation is part of Mori's strategy of placing cultural attractions in integrated business and residential projects. teamLab has developed a global reputation for its experimental and interactive set pieces that meld images and senses. Previous projects in Tokyo featured digital art mixed with a sauna experience and a laser light show enhanced performance of Giacomo Puccini's opera "Turandot."

Persons: Kim Kyung, Toshiyuki Inoko, Mori, Giacomo Puccini's, Inoko, Rocky Swift, Simon Cameron, Moore Organizations: REUTERS, Rights, Thomson Locations: Tokyo, Japan, Tokyo Bay, Mori's

☆ Auctions in New York Reflect a Dip in the Market
▼ + stars: | 2023-11-17 | by ( Scott Reyburn | More About Scott Reyburn | ) www.nytimes.com time to read: +2 min

As is almost always the case now with auctions of major single-owner collections, Sotheby’s secured the Fisher Landau consignment by guaranteeing the sellers an overall minimum price. Picasso’s 1932 painting “Femme à la montre,” the star lot of the Fisher Landau collection, was one of 24 lots in the Nov. 9 evening sale backed by irrevocable bids. This was knocked down to one bid of $22.2 million, incurring Sotheby’s a substantial loss, but preserving the prestige of a 100 percent selling rate. (His Fine Art Group spent $4.8 million for a 1995 Agnes Martin painting at the Fisher Landau evening session.) The art adviser Josh Baer, reporting on the Fisher Landau auction in his Baer Faxt newsletter, said, “profitability for auction houses is not always going to happen.

Persons: Sotheby’s, Fisher, ”, Fisher Landau, Rothko, ” Hoffman, Agnes Martin, Josh Baer, Baer Organizations: Sotheby’s, Art

☆ How Posters of Kidnapped Israelis Ignited a Firestorm on American Sidewalks
▼ + stars: | 2023-10-31 | by ( Katherine Rosman | More About Katherine Rosman | ) www.nytimes.com time to read: +9 min

“As a matter of free speech, people who oppose the ‘kidnapped’ posters could erect posters of their own, expressing their views,” Professor Zick said. “I don’t think they’re ripping down posters of ‘Dan Smith Will Teach You Guitar,’” he said. The posters “don’t include Palestinians, so are they concerned about missing people?” he asked. At the corner of Broadway and West 96th Street last weekend, half-ripped posters were covered with small fliers that said: “Why are the posters of kidnapped Israelis being ripped down? With friends and relatives, he has gone door-to-door through the towns of Cedarhurst, Hewlett, Inwood, Lawrence and Woodmere and asked store and restaurant owners to display the “kidnapped” posters inside windows that face the street.

Persons: Nitzan Mintz, ”, “ I’m, Tim Zick, Zick, Mike Mishkin, Mishkin, “ I’ve, they’re, ‘ Dan Smith, ’ ”, Israel, Miles Grant, New York “, “, Grant, ” “, ’ ” Ms, Mintz, Dede Bandaid, Rafael Shimunov, you’re, listserv, Rabbi Amichai Lau, Lavie, Councilwoman Julie Menin, “ Ella Elyakim, Ms, Menin, Guy Tsadik, Woodmere, ” Mr, Tsadik, Alain Delaquérière Organizations: Boston University, The New, William & Mary Law School, Broadway, Twitter, West, Auschwitz Jewish Center Foundation Locations: Gaza, Boston, South Florida, Queens, The New York, Manhattan, Williamsburg, Va, New York, Israel, Brooklyn, York, Palestinian, Israeli, Broadway, Long, Cedarhurst, Hewlett, Inwood, Lawrence, New Jersey, Florida

☆ StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 bln
▼ + stars: | 2023-08-28 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. Riyadh-headquartered AviLease, also known as Aircraft Leasing Co, is a jet lessor owned by Saudi Arabia's sovereign wealth fund. StanChart said in January it was exploring options for its global aviation finance business. Dublin-based Standard Chartered Aviation Finance owns and manages more than 120 aircraft and offers services including jet fuel hedging, debt financing and remarketing of unneeded planes. PIF is setting up startup carrier Riyadh Air to predominantly serve the kingdom’s capital, which has ambitions to become a global business hub.

Persons: Peter Nicholls, StanChart, Simon Cooper, Airfinance, Fahad Al, Saif, AviLease, Rishav Chatterjee, Shounak Dasgupta, Mark Potter Organizations: Chartered, REUTERS, Aircraft Leasing Co, Chartered Aviation Finance, Aviation Finance, Corporate, Institutional Banking, Standard Chartered, Saudi Public Investment Fund, Riyadh Air, Thomson Locations: London, Britain, Saudi Arabia, Riyadh, Saudi, Dublin, Europe, Bengaluru

☆ Instagram is the new 'business card' for creators. Here's why industry experts say this could be Meta's secret weapon.
▼ + stars: | 2022-12-12 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +7 min

Instagram has become a "business card" or "Rolodex" for creators and business owners. Here's why creator industry insiders and experts say messaging is a big opportunity for Instagram. "I could not do my business without Instagram DMs," said Eric Wei, a former Instagram staffer who left to found creator economy fintech startup Karat. Meta's making moves to monetize messagingCracking how to monetize messaging isn't so straightforward. This year, Meta hosted "Conversations" in May, a developer event focused on business messaging, after canceling its annual and broader developer event, F8.

☆ Why Saudi Arabia is hosting one of the world's biggest raves
▼ + stars: | 2022-11-30 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +14 min

The kingdom’s Soundstorm music festival, which began in 2019, is back again for its fourth year and will start on Thursday. “(It) is a particularly powerful example because it seeks to bring together young people and women from across Saudi Arabia and the world,” she said. By contrast, Las Vegas’ Electric Daisy Carnival, considered North America’s biggest dance music festival, had an attendance of over 400,000 this year. Last year, Human Rights Watch (HRW) said that performers should either “speak up” about Saudi Arabia’s human rights violations or not attend the festival at all. Some however argue that opening up countries to international norms and values can allow for better discussion on human rights shortcomings.

☆ China Turns to Back-Channel Diplomacy to Shore Up U.S. Ties
▼ + stars: | 2022-11-21 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

Insurance executive Maurice ‘Hank’ Greenberg, pictured in 2016, hosted a meeting this month of a group of U.S. and Chinese executives and policy advisers. China is turning to an old friend in corporate America to bolster communications with the U.S., as President Xi Jinping tries to stabilize the bilateral relationship while gearing up for greater competition between the two powers. A few days before Mr. Xi’s summit last week with President Biden, according to people with knowledge of the matter, Beijing dispatched a delegation of senior policy advisers and business executives to New York to meet with a U.S. counterpart group set up by insurance executive Maurice “Hank” Greenberg, one of the most successful American businessmen in China.

☆ China's Fosun to raise $561 million from mining sale stake as part of asset selldown
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - China's Fosun International Ltd (0656.HK) said on Monday it would raise $561 million by selling part of its shares in Zhaojin Mining Industry Co (1818.HK) as part of its ongoing string of asset sell-downs. The company, through one of its units, is offloading 654.1 million Zhaojin Mining shares for HK$6.72 each, a 1.8% discount from the closing price on Nov. 4. Fosun had owned about 22.85% of Zhaojin Mining's shares and will retain a 2.85% stake in the Hong Kong listed company. The transaction announced on Monday is the second time Fosun has sold Zhaojin stock and has raised $663.73 million from both deals. Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med.

BEIJING/HONG KONG, Oct 25 (Reuters) - Global credit rating agency Moody's downgraded Fosun International Ltd (0656.HK) by one notch on Tuesday and revised its outlook to "negative" from "ratings under review" amid concerns over the firm's accelerated asset sales. Fosun and its units had earlier cut stakes in firms such as New China Life Insurance (601336.SS) and Shanghai Yuyuan Tourist Mart Group (600655.SS). Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's added. Fosun also expects to gradually repay the outstanding senior notes and increase borrowings from banks, the report said.

BEIJING/HONG KONG, Oct 25 (Reuters) - Global rating agency Moody's downgraded Fosun International Limited (0656.HK) by one notch on Tuesday and revised its outlook to 'negative' from 'ratings under review', after the firm divested more assets to ease liquidity and debt burdens. "Moody's expects Fosun to face difficulties in refinancing its sizable short-term debt in public bond markets, both onshore and offshore, given the current weak market sentiment," the rating agency said. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's said. Fosun's management also plans to gradually repay the outstanding senior notes and increase borrowings from banks, the report said. The company did not make any comments on the Bloomberg story or the Citigroup report in response to queries from Reuters.

☆ (foto) Ce înseamnă industria organizării de evenimente. Discutăm cu Mirela Urușciuc, fondatoarea Art Group Avanti
▼ + stars: | 2021-06-10 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Câteva dintre materiale vor fi realizate în rusă pentru a ne putea adresa și audienței vorbitoare de rusă. Prin urmare, desfășurăm 10 evenimente online cu participarea a trei invitați (un profesor, un specialist și un student) dedicat unei specialități și cinci evenimente speciale cu câte un invitat care are un job interesant pe piața din Moldova. Cel de-al treilea eveniment special din acele cinci va fi difuzat vineri, 11 iunie, ora 20.00 pe pagina de Facebook #diez cu invitata noastră Mirela Urușciuc. Mirela Urușciuc este o organizatoare de evenimente și fondatoarea companiei Art Group Avanti, care ne va vorbi despre cum funcționează această industrie, ce abilități trebuie să posezi pentru a deveni un organizator de evenimente, care este diferența dintre o ceremonie matrimonială și un alt timp de eveniment și multe, multe altele. Proiectul „Dacă rămân acasă, merg la…” este realizat în parteneriat cu Moldova Agroindbank și Educație Online.

Persons: Mirela Urușciuc Organizations: Art Group, Online Locations: Moldova

☆ 7 ani #DeAcasa Rockit Conference în 7 ședințe live alături de invitați cu ADN inovativ
▼ + stars: | 2021-03-25 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Cei 7 ani #DeAcasa a îndrăgitului eveniment digital, Rockit Conference, este celebrat în mod inteligent. Fiecare episod live va avea loc săptămânal pe pagina de Facebook Rockit Conference cu invitați ce au în ADN spirit inovativ. Invitata primului episod din seria 7 ani #deAcasa a fost organizatoare de evenimente și fondatoarea Art Group Avanti, Mirela Urușciuc. Astăzi, 25 martie, începând cu ora 18.00, pe pagina Rockit Conference, va avea loc următorul episod din seria live-urile 7 ani #DeAcasa, dedicat educației interactive. Vezi mai multe detalii despre Rockit Conference AICI!

Persons: Mirela Urușciuc, Alex Leahu, Carismatica Organizations: Comunitatea Europeană, Facebook, Art Group

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