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Ukraine has launched a site to track $1.3 billion of art owned by sanctioned Russian oligarchs. The site lists artworks like Picassos and Warhols believed to be bought and sold by sanctioned figures. The nature of the art market offers many loopholes for the transfer of assets, the site says. The database, it says, will allow art market actors to check that they are not dealing in sanctioned goods. Art dealings can be a perfect vehicle for the quiet transfer of assets, largely taking place away from the public eye.
Persons: Warhols, Christ, Auguste Rodin's, Dmitry Rybolovlev, oligarch, Mikhail Fridman, Andy Warhol, Marilyn Monroe, Kandinsky, Petr Aven, Vladimir Putin Organizations: National Agency on Corruption Prevention, Ukraine, EU Locations: Ukraine, Russian, Israeli
It turned out that what the majority actually had problems with — what the decision was mostly about — was the Warhol Foundation’s failure to pay Goldsmith a licensing fee in 2016. It looked like the court had sidestepped the larger issue of whether Warhol should have used her image at all. Or that’s what this new ruling would let some artists and their lawyers argue. At the very least, the ruling won’t send museums rushing to consign the appropriations they own to the dark depths of the vaults, as a more sweeping ruling against Warhol might have done. So long as appropriation artists aren’t selling licenses for their creations to be reproduced — for instance, in a popular magazine — the Supreme Court’s new decision should not affect them.
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Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.
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