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.
Sarah Jessica Parker is more than just an Emmy winner, she’s now bringing her star power to a wine shelf near you with an award winning Sauvignon Blanc.
The National Retail Federation reports Americans are expected to spend $20.1 billion on Father’s Day gifts this year. Yes, funny cards are still accepted.
