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.
French President Emmanuel Macron hailed Birkin as a “complete artist,” noting that her soft voice went hand-in-hand with her “ardent” activism. Culture Minister Rima Abdul Malak called Birkin “the most French British person" and “the emblem for a whole epoch who never went out of fashion."
Members of the Screen Actors Guild - American Federation of Television and Radio Artists union officially went on strike Friday after negotiations broke down with the Alliance of Motion Picture and Television Producers. Cheddar News explains.
