This is part two of an interview with art advisor Wendy Posner, CEO of Posner Fine Arts, an international art advisory based in Los Angeles. Part one appeared in our March/April issue in which we discussed how the role of art advisor is facing the challenges of...
Wendy Posner is the CEO of Posner Fine Arts, an international art advisory based in Los Angeles. With a global roster of artists, publishers and gallerists, she builds relationships with both established art stars and new talent. She has traveled to more than 20...
In the past year, galleries have opened shows displaying AI-generated art, so it was no surprise that one of the world’s top galleries, Gagosian, would host AI art shows in New York last year and in LA this January. Bennett Miller may have been an appropriate...
Billionaire founder of private equity firm Apollo Management, Leon Black, was at the top of his game in 2021 both as a Wall Street financier and as one of the world’s leading art collectors, owning works valued at more than $1 billion (he paid $120 million for a...
Lisa Schiff, among the top ranks of New York art advisors, who faces multiple lawsuits by clients and art dealers, put her company, SFA Advisory (with another office in London), into bankruptcy in May. Schiff, 53, who counted the likes of Leonardo DiCaprio among her...
The 2022–23 term has been a disaster for the US Supreme Court. Chief Justice John Roberts, Jr. disgraced himself by spurning demands from Congress and the public that the Court adopt a code of ethics similar to the one covering all other federal jurists. If such...
The US Copyright Office issued a landmark ruling in February that users of AI-generative programs may not apply for copyright registration of the resultant images. Additionally, the company that owns the AI-image-generative program Midjourney was sued in federal court...
The Hermès Birkin handbag is the stuff of legend. Named for actress Jane Birkin, each bag is hand-tooled in the finest leather or crocodile. The bags are highly sought out by the nouveau riche. Customers for new releases are placed on a waiting list and there is a...
Great Britain is in serious decline. The City has lost its position as Europe’s indispensable financial center, the UK economy is in recession and its vaunted National Health Service is in shambles. The Tories have ruled Britannia for 12 straight years, much of it in...
A bomb explodes in one of the Met’s galleries leaving 13-year-old Theo motherless in the harrowing opening of Donna Tartt’s 2013 bestselling novel, The Goldfinch. In the wake of the explosion, caused by an apparent terrorist attack, a mysterious survivor prompts Theo...
The age of artificial intelligence (AI) has arrived whether we like it or not and now it has come to the art world. That should not really be much of a shock. It’s now five years since AlphaGo defeated the best Go players in the world. Writers have auto-complete...
Jean-Michel Basquiat, some say, was an artistic genius. His paintings’ auction values now equal or exceed those of his friend and mentor, Andy Warhol. A couple of top-notch Basquiat shows wowed New York City this past summer, including a major exhibition sponsored by...
The record prices set at the Spring auctions in New York, such as the sale of Warhol’s 1964 silkscreen, Shot Sage Blue Marilyn, that sold for $195 million, diverted attention from the shocking announcement for the city to deregulate its multi-billion dollar auction...
Andy Warhol is having another “Moment.” He continues to remain a huge part of the social and artistic zeitgeist decades after his death. His Warhol Diaries are currently dramatized in a multi-part documentary on Netflix (narrated by a spooky robotic-voice AI “Andy”)...
Superstar artist Jeff Koons has been sued for appropriating the work of others—again. The latest lawsuit, Hayden v. Koons, was filed last December in federal court. It concerns a series of works, “Made in Heaven,” that depict the sexual exploits of Koons and his...
One of the most memorable events at MOCA occurred when Chinese-American artist Cai Guo-Qiang exploded gunpowder from an exterior wall of the Geffen Contemporary just after sunset, setting off blinding and spectacular explosions before a huge crowd unprepared for such...
The art world has been a secretive, opaque business for centuries. Secondary market transactions are rarely transparent and auction houses are often silent about the identity of the ultimate seller and buyer (provenances are full of phrases such as “from a private...
Billionaire Eli Broad, who passed away in April at 87, was a giant of philanthropy not just in the art world but also in education, medicine and science. He was among the top handful of cultural benefactors in Los Angeles...