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.
Rescuers from across Europe rushed to a cave in Turkey on Thursday, launching an operation to save an American researcher who became trapped almost 1,000 meters (3,000 feet) below the cave's entrance after suffering stomach bleeding.
A judge sentenced “That ’70s Show” show star Danny Masterson to 30 years to life in prison Thursday for raping two women, giving them some relief after they spoke in court about the decades of damage he inflicted.
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A windsurfer who went missing off Florida's Space Coast the day that Hurricane Idalia made landfall last week has been declared the state's second death from the Category 3 storm, officials said Wednesday.
A Florida man who was attempting to cross the Atlantic Ocean in a man-made hamster wheel is facing federal charges after it took the U.S. Coast Guard five days to bring him ashore, according to a criminal complaint filed in Miami.
