STANDING 1,776 feet (541 metres) and 104 storeys tall, One World Trade Center opened its doors in Manhattan this week after 13 years of construction costing $3.9 billion. One of the many sensitive choices relating to a building conceived in difficult circumstances—it occupies a spot by the Twin Towers that collapsed after the terrorist attacks on September 11th 2001—was the selection of the art that adorns the lobby walls. Read more.
Revolt Magazine - Asher Edelman can be described as standing, prominently, between 2 worlds. His Wall Street career, beginning in the 1960's, in investment banking, money management and derivatives trading not only brought renown but enabled him to build significant collections of contemporary and Modern art as well as antiquities. Read more.
ArtDaily.org - Phillips de Pury & Company announces MOSS, an auction of art and design including works from the personal collection of Murray Moss and Franklin Getchell, founders of Moss, a beloved New York design institution. The auction, prefaced by a ten-day exhibition, will juxtapose contemporary and historical design with paintings, sculpture and photography. The assemblage was done in collaboration with ArtAssure. Read more.
ArtDaily.org - Phillips de Pury & Company announces MOSS, an auction of art and design including works from the personal collection of Murray Moss and Franklin Getchell, founders of Moss, a beloved New York design institution. Read more.
Artinfo.com - Following the gestalt theory that the whole is greater than the sum of its parts, design maven Murray Moss pairs highlights from his venerable design collection — pieces by Maarten Baas, Hella Jongerius, and Studio Job, for example— with various blue-chip artworks to create thought-provoking vignettes. A 10-day viewing provides the opportunity to ogle these intellectual fugues before they hit the auction block. Read more.
Artlog.com - On Saturday, June 9, join ARTLOG and ArtAssure on an Upper East Side Crawl, an exciting opportunity to explore the area’s famed galleries and hear directly from the curators. The galleries of the Upper East Side are world-renown for their collections of both historic and modern art, presented in some of the most beautiful spaces in Manhattan. The exhibitions on the crawl span 19th-century portraiture to contemporary painting. Read more.
Deloitte Luxembourg Art & Finance Report 2011 - “Art Assure provide[s] secured lending and guarantees for works sold at auction to high net-worth art collectors, established gallery owners, auction houses, and other art world investors. The aim is to provide more financial flexibility for the art industry. “Art lending makes it possible to redeploy their capital into other art acquisitions or investment opportunities. For galleries and dealers, art loans offer the financial flexibility to respond to opportunities when they arise.” “The growth of the non-recourse lenders in the art finance market, such as … Art Assure suggests there is an increasing demand for using artworks as collateral for loans. With art prices having increased exponentially over the last 10 years, many art buyers and collectors experience a greater desire to unlock some of the value of the works on the wall without going for an outright sale. Most lending against art in the private banking sector is on a recourse basis, which means that the loans are secured against other assets of the borrower, not only the artwork or art collection itself.” Download report.
TheDeal.com - The euro has been verging on collapse, unemployment is high, the housing market low, and angry people have taken to the streets. And, oh yes, the art market is booming. Recent notable examples: A 1961 comic book motif painting by Roy Lichtenstein of a man looking through a keyhole, "I Can See the Whole Room! ... and There's Nobody in It!," set an auction record for the artist at $43 million. "Rhein II" -- a monotonous, large-format print of the river under a gray sky by German artist Andreas Gursky -- marked a new high for a photograph after it went for $4.3 million. All is well, it seems, at the most rarefied reaches of the art world. That may be set to change, says Asher Edelman. Read more.
Wall Street Journal - Just before the country's most prestigious art fair, Art Basel Miami Beach, opened in December, an energetic 70-year-old man named Asher Edelman marched through the local convention center to the booth of a Zurich gallery. Read more.