Perhaps the most publicized story, in 2006 business magnate Steve Wynn infamously elbowed his most beloved and iconic painting, Picasso’s Le Rêve. The unfortunate mishaps took place while showing the painting to reporters. It cost $90,000 to repair the damage. So much for “off the records”!
The sale of Dorothy’s frock for a cool $1.56m suggests the yellow brick road happily stretching out into the distance for Judy Garland memorabilia. But can the same be said for other sectors of the market? There are ominous references to ‘bubbles’ for contemporary art and the bean counters in Luxembourg have been doing sums […]
This Fall is All About Burgundy… In Fashion, Not Wine
Attemping to approach art investment on the basis of some kind of equivalence with other financial assets raises difficulties in a number of areas.
The continuing flow of money into alternative asset classes such as fine art, antiques, jewellery, wine, classic cars and other “collectibles” raises a variety of issues for collectors and the art and finance industries.
Welcome to the third issue of Pall Mall Art Advisors’ Newsletter. In this issue we focus on the Insurance Industry, a sector with which a substantial part of our business is conducted. In future issues we shall hope from time to time to focus on other sectors closely related to our work.
Welcome to the second issue of our newsletter. As we said in the first, we shall focus on the art market, the insurance industry and taxation related to personal property.
We very much hope you will enjoy the contents of this our first Newsletter. It is intended that the Newsletter will appear on an occasional basis.