Archive for October, 2013

New due diligence company formed for art world transactions

Oct 17th, 2013 | By

Difficulty with or lack of interest in conducting due diligence has long been a problem in the art world and particularly in the Russian art market. Not believing in the future or, as Osip Mandlestam put it, “We live without feeling the country beneath our feet, our words are inaudible from ten steps away” is
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Frieze Art Fair in Regents Park

Frieze London 2013 rolls into town

Oct 16th, 2013 | By

It’s that time of year again and London’s Frieze week starts today with numerous dealer shows , auctions and fairs selling a potential record US$2bn of artworks.  The Frieze Art Fair opens tomorrow for VIP guests in a purpose built structure designed by architects Carmody Groake in Regents Park.  Gagosian will be showing five works by
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Daniel S. Laub, founder and major shareholder in Third Point LLC

Activist investor Dan Loeb attacks Sotheby’s

Oct 3rd, 2013 | By

Activist investor, Daniel S. Loeb, has revealed that his hedge fund, Third Point, is now the largest shareholder in Sotheby’s holding 9.3% of the outstanding shares.  Known for his stellar results and previous shareholder activism at Sony and Yahoo Loeb has now turned his sights on Sotheby’s writing an open letter asking for the resignation of
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