Economy & Finance
Economy & Finance
Economy, finance, markets, luxury and geopolitics — macro signals that influence the art market and collecting.
Most recent stories
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Investing in Culture: The State of Play in Italy
economy-finance
A conference named 'Economia e Cultura: una strana coppia' was held by the Ordine dei Dottori Commercialisti e degli Esperti Contabili in Milan, focusing on how finance and…
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Tech Oligarchs and Nationalist AI Projects Redefine Global Power in 2025
economy-finance
In 2025, Donald Trump launched the Stargate AI project with tech leaders Sam Altman of OpenAI, Larry Ellison of Oracle, and Masayoshi Son of SoftBank, aiming to reindustrialize…
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Endeavor cancels Frieze parent company IPO amid investor disinterest
economy-finance
Endeavor, the parent company of Frieze art fair and media group, has withdrawn its planned stock market launch. The company, which also owns the Ultimate Fighting Championship,…
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UK government announces £1.57 billion arts rescue package amid COVID-19 economic fallout
economy-finance
The UK government has introduced a substantial support initiative worth £1.57 billion for the arts, marking the largest investment in this sector to date. This package, which…
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Adrian Cheng launches C Ventures fund targeting millennial brands in China
economy-finance
Adrian Cheng, a Hong Kong entrepreneur and founder of the K11 Art Foundation, has launched C Ventures, an investment fund aimed at millennial and Gen Z-focused brands in China.…
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Judge Rhodes denies creditor involvement in Detroit art valuation during bankruptcy proceedings
economy-finance
In the bankruptcy proceedings of Detroit, Judge Steven Rhodes dismissed a creditor's request to take part in the evaluation of the city's art collection. Financial Guaranty…
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Gagosian Gallery Settles $4.3 Million New York State Tax Debt
economy-finance
Gagosian Gallery has agreed to pay New York State approximately $4.3 million (£3.27 million) in unpaid sales taxes, interest, and penalties accumulated over the past decade.…
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James Murdoch's Lupa Systems to acquire major stake in MCH Group, parent company of Art Basel
economy-finance
James Murdoch's investment firm Lupa Systems will acquire a 30 to 44 percent stake in MCH Group, becoming the anchor shareholder with at least one-third of shares. The deal…
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Economy & Finance
Economy, finance, markets, luxury and geopolitics — macro signals that influence the art market and collecting.
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