Author Archives
Alasdair has more than 15 years experience as a financial journalist and publisher. He is editor-in-chief of Private Art Investor, Corporate Jet Investor and Helicopter Investor - all titles focused on the financing and owning of specialist assets.
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Sotheby’s cutting staff as it begins $13 million restructuring, suggested by Daniel Loeb
Sotheby’s [NYSE:BID] has said that it is planning to cut and reallocate staff in the US and UK, a strategy suggested by activist investor Daniel Loeb of Third Point in his letters to the auction house’s investors earlier this year…. Read More ›
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Borro closes £67 million lending facility with Victory Park Capital
Borro, the specialist asset lender, has closed a £67 million ($112 million) loan with Victory Park Capital, a middle-market asset management firm. “This new lending line represents the confidence the market has in our business, and in Victory Park Capital… Read More ›
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UBS wins art finance award in Euromoney’s private banks survey
UBS came top in the art and collectibles advisory category in the 2014 Euromoney Private Bank Awards. Euromoney only added this category to its awards last year and this is the second year it has won. JPMorgan was second. 2014… Read More ›
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Record tumble at Christie’s February auctions
Christie’s February week of Post-War & Contemporary Art auctions in London, including Eyes Wide Open: An Italian Vision welcomed new and established bidders who competed for an array of masterpieces at every price level, resulting in a combined total of… Read More ›
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New records set for Post-War and Contemporary art
A Francis Bacon painting, Portrait of George Dyer Talking, sold for £42.2 million at Christie’s London on Thursday, making it the most expensive work of post-war and contemporary art sold at auction in Europe and setting a world record price… Read More ›
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Christie’s auction sets benchmark for Arte Povera and Post-War Italian art
Tuesday’s auction of Italian art at Christie’s London realised a total of £38.4 million and established 14 artist records. The top price of the evening was paid for Alberto Burri’s Combustine Plastica, which sold for £4.6 million, a world record… Read More ›
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Christie’s Asia expansion continues with key appointments
Global auction house Christie’s has made five senior appointments in Hong Kong: Eric Chang, deputy chairman of Asian 20th and Contemporary Art, Ben Kong, deputy chairman of Chinese Paintings, Vickie Sek, deputy chairman of jewellery and jadeite, Jinqing Cai, president… Read More ›