What I’m buying and why: Venture capitalist Jarl Mohn on how he fixed a three-ton boulder belonging to Michael Heizer in his office – 71Bait

NPR President Emeritus Jarl Mohn has a 50-year career in venture capital and media, starting as a radio disc jockey before joining E! entertainment television network and has held vice presidential positions at MTV and VH1. But for the past 30 years, Mohn has also been an avid art collector and a major force in … Read more

In times of uncertainty, younger collectors at Frieze Masters turn to proven works of modern and classical art – 71Bait

Just minutes after 11am, as the Frieze Masters doors opened for Wednesday’s VIP preview, Nathan Clements-Gillespie, the director of the fair, was spotted addressing Jay Chou, the mando pop king and avid art collector from Taiwan, who arrived in London with his entourage. Wearing a black hoodie and denim jacket, the 43-year-old celebrity from Asia … Read more

What I Buy and Why: Miami’s Craig Robins on his first big art purchase and why he’s now shopping in his own backyard in the Design District – 71Bait

One cannot discuss Miami’s rise in the art world over the past two decades without mentioning the important role played by Craig Robins, the developer behind the Miami Design District. As CEO and President of real estate company Dacra and founder of art fairs Design Miami, Robins is one of the figures responsible for bringing … Read more

What I Buy and Why: Miami’s Craig Robins on his first big purchase and why he’s now shopping in his own backyard in the Design District – 71Bait

One cannot discuss Miami’s rise in the art world over the past two decades without mentioning the important role played by Craig Robins, the developer behind the Miami Design District. As CEO and President of real estate company Dacra and founder of art fairs Design Miami, Robins is one of the figures responsible for bringing … Read more

In times of uncertainty, younger collectors at Frieze Masters turn to proven works of modern and classical art – 71Bait

Just minutes after 11am, as the Frieze Masters doors opened for Wednesday’s VIP preview, Nathan Clements-Gillespie, the director of the fair, was spotted addressing Jay Chou, the mando pop king and avid art collector from Taiwan, who arrived in London with his entourage. Wearing a black hoodie and denim jacket, the 43-year-old celebrity from Asia … Read more

“Like 20 percent off”: For US collectors at European art fairs, the strong dollar means everything is on sale – 71Bait

The dollar is stronger than it has been in 20 years. Its value rose almost 17 percent this month against six major currencies, according to the US Dollar Index. The historical change makes the next two weeks of art fairs in Europe all the more attractive for American collectors. For those outside the US, however, … Read more

Demand for rediscovered artists and young talent remains strong, if not bubbly, at Christie’s $26 million Postwar to Present Sale – 71Bait

While New York’s September contemporary art auctions don’t offer the multi-billion dollar headlines of November’s glitzy evening sales, they do offer an opportunity to see where the market is headed. And at a time when both up-and-coming younger names and overlooked post-war personalities abound, Christie’s Postwar to Present auction in New York last week presented … Read more

Christie’s has listed masterpieces from Paul Allen’s collection for sale, including three works each estimated at $100 million – 71Bait

A few weeks after it was announced that Christie’s had won what is likely the most expensive collection the art market has ever seen at auction, Christie’s has unveiled more than a dozen additional highlights. The collection in question comes from the late Microsoft co-founder and billionaire Paul Allen, and totals about 150 works that … Read more

Phillips is partnering with another auction house as part of an ambitious plan to gain a foothold in China – 71Bait

Phillips will join forces with Chinese auction house Yongle for a new partnership – the two will work together on a series of autumn auctions in Hong Kong and Beijing. The ambitious plan is the London-based auctioneer’s latest bid to further expand its market presence in mainland China while creating a new opportunity for international … Read more

How eagle-eyed market participants helped push prices of once-obscure painter Lynne Drexler from $50 to over $1 million and beyond – 71Bait

Abstract Expressionist painter Lynne Drexler worked in the dark for decades, much of it on a remote island in Maine. In the 10 years after her death in 1999, a number of regional auction houses and medium-sized dealers discovered the artist and opened up a five-digit market for her work. Then, just that year, the … Read more