As the New York Times reports, Liu Yiqian, a former taxi driver turned billionaire art collector, confirmed on Tuesday that he was the buyer of the painting of a nude woman by Amedeo Modigliani that sold for $170.4 million at Christie’s New York on Monday night.
As Zero Hedge reports, if the Fed's bubble busting team led by Stanley Fischer was looking for runaway inflation, it could have easily found it earlier today without any particular effort, only not in the usual CPI place, but in the price of Women of Algiers (Version O), a "vibrant, multi-hued painting" from Pablo Picasso which moments ago became the world's most expensive artwork, selling for $179,365,000, included the house's premium in a Christie's auction.
EBay Inc. (EBAY) is working with Sotheby’s (BID) to make sought-after artwork, antiques and collectibles available for auction online.
The companies will begin by placing some live Sotheby’s offerings up for bid in New York on EBay’s website, they said today in a statement. Sotheby’s will be the “anchor tenant” on a redesigned EBay site, with auctions in 18 categories.
Sotheby’s, based in New York, sees “real opportunity” to expand in the middle market, or sales of artworks priced $50,000 to $2 million, Chief Executive Officer William Ruprecht said in a conference call in May.
As China Daily reports, buying and selling art, which has the potential to make unheard of leaps in value, has long been the dream of well-heeled investors. But the barriers to getting into the game are formidable. What to buy? Who to buy? How much to spend? When to sell?
The International Cultural and Art Property Enterprise on Monday announced the launch of the first fractional art-trading platform in the US.
Developed by Fundamental Interactions, the same group that designed and operates the Bitcoin trading system, the platform allows owners to liquidate and sell either all or partial shares of artworks to the public. Investors and collectors can buy, trade and sell these fractional art units through ICAPE.
"We are eager to introduce ICAPE's trading concept among revered artists and collectors at the first Sino-US cultural exchange," said John F. Wallace, chairman of ICAPE.
"Our model was built with the goal of completely changing the business by giving smaller investors the opportunity to participate in a marketplace and allowing individuals and institutions the ability to raise capital without transferring ownership."
"You will be able to trade art in fractions on your phone, on your apps, on your Android, just as we trade stocks and foreign currencies," Wallace said.
As part of the launch of ICAPE's fractional art trading platform, the first Sino-US Culture and Art Exchange Exhibition Chinese Dream, World Peace will be presented at the Westin New York on Times Square from July 10-14.
The exhibition is the largest Chinese art fair in New York. More than 380 art works from more than 20 artists will be exhibited, including work by well-known Chinese artists Zeng Fan and Gong Qi.
Cointemporary.com is showing one contemporary artwork for a period of seven days.
During that time, the artwork can be purchased with Bitcoin (and with Bitcoin only).
The price for the artwork is fixed in BTC and does not fluctuate along with exchange rates. This is revolutionary in its own way, as it makes Cointemporary one the first places where Bitcoin is treated as an actual unit of account.
For more details on how to promote your contemporary artwork, contact us here!
The artesque painting titled "Lucky River of Gold" (70 x 50 cm) is finally for sale!
Nine Dragons Consulting convinced the Artist to offer the original painting (acrylic on canvas) to a true aficionado & collector of fine Arts! The female Artist is currently living in the City of Hamburg, Germany.
An exclusive meeting with the Artist can be arranged upon request.
For further information & details please contact us here!