2017 saw one of the greatest art sales with the $450 million sale of a Leonardo Da Vinci. Phillip Ashley Klein is the Art and Finance Leader at Deloitte Consulting and he joins Cheddar to explain why 2018 could be an even bigger year for art than 2017.
The Rockefeller collection is set to go on sale this May and it is estimated that the sale could go for as high as $600 or $700 million. Klein explains that for investors, art is a strong protector of value.
In terms of innovation in the art space, Klein says the industry is seeing big investment in art analytic companies. These are companies that can help collectors and artists decide when to bring a piece to market, where in the world to sell it, and even what time of year to go forward with a sale. Artificial intelligence and data mining are being utilized to deliver these results.
Jeffrey Yin, chief financial officer of Artsy, and artist Trevor Paglen explained how AI is expanding the tools that can be used to add new depth to the industry.
A former neonatal nurse convicted of murdering seven babies in her care and trying to kill six others at a hospital in northern England was sentenced Monday to life in prison with no chance of release by a judge who said she was cruel, cunning and callous, and acted with “malevolence bordering sadism.”
The U.S. Open isn't just about the tennis - it has also become a scene for foodies. Chef Melba Wilson, who will be among the top experts serving up delicious bites for more than 700,000 fans, walks us through how to make her special spring rolls.
The DC superhero film “Blue Beetle” led weekend ticket sales with an estimated $25.4 million, according to studio estimates, dethroning “Barbie” from the top spot after a record-setting run that left movie theaters colored pink for a month.
