In recent art world news, investing in fine art has been typically limited to the very affluent, but startup Masterworks is seeking to bring about some change to the art market through the use of blockchain technology in which everyone can invest in fine art.  Masterworks and its affiliated entities have developed an inaugural

Richard Polsky writes:

The ramifications from last May’s sale at Sotheby’s of a Jean-Michel Basquiat painting, for $110 million, continue to reverberate. It made the buyer, Yusaku Maezawa, an art world household name. It led to the current “One Basquiat” exhibition, of the now-iconic canvas, at the Brooklyn Museum. It also provoked a multitude of

In recent art world news, following strong sales in 2017, the international auction houses are said to be “feeling bullish” once again.  Last Friday, Christie’s announced that it had sold about £5.1 billion or $7.3 billion of art and collectibles worldwide (up 26 percent from 2016) in 2017.  Phillips saw a similar improvement over

In recent art news, a vibrant painting of a skull, “Untitled” (1982), by the late artist Jean-Michel Basquiat sold for $110.5 million at Sotheby’s last Thursday evening and earned the distinction of becoming the sixth most expensive work ever sold at auction.  With last week’s sale, only ten other works have surpassed the $100

U.S. Trust, Bank of America Private Wealth Management, will host a panel discussion at the JAMES A. MICHENER ART MUSEUM in Doylestown, PA on “Effectively Managing A Fine Art Collection” on May 17, 2017 from 5:30 P.M. to 7:30 P.M.

The panel will be hosted by ERIC J. ABEL, Private Client Advisor

In an art market that has been defined by the uncertainty of world events and declining inventory, it was reported earlier today that Sotheby’s announced fourth quarter earnings of $65.5 million, which is an increase over that same period in the prior year.  The auction house had a loss of $11.2 million in the fourth

Forbes recently published an informative online piece on a new IRS Revenue Procedure that makes the use of Charitable Remainder Trusts (CRTs) as a means for tax deferral more achievable for art and collectibles.  CRTs are generally used by those who are charitably minded and wish to sell a highly appreciated asset without having to