Non-fungible tokens (NFTs) seem to have exploded out of the ether this year. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips—some for millions of dollars. But are NFTs worth the money—or the hype? Some experts say they’re a bubble poised to pop, like the
Emmanuel Perrotin is in the process of selling a 60% stake in his eponymous gallery to Colony Investment Management (Colony IM), a French real estate, credit and private equity business, in order to grow the company. A joint statement released by the companies describes the move as a “pioneering alliance between an investment company and
Emmanuel Perrotin. Photo: Tanguy Beurdeley Perrotin and Colony Investment Management (Colony IM) have begun negotiations with a view to the capital firm acquiring a 60 percent majority stake in the Gallery. Under the proposed agreement, gallery founder and Chair Emmanuel Perrotin will retain a 40 percent stake and ‘will remain fully committed’ to its operation.
TAMPA, Fla., June 13, 2023 (Newswire.com) – Tamara Bebb, CEO of Spectrio, is pleased to announce the opening of the company’s new Tampa-based, state-of-the-art customer design center, showroom and office headquarters. Spectrio’s ambitious investment in this facility fulfills a commitment to bring digital engagement technology and jobs to the Tampa Bay area, as well as expand
Photo Foc Kan/WireImage The real estate investment company Colony Investment Management is in discussion to purchase a 60 percent stake in Perrotin gallery, according to Bloomberg News. The two companies, both headquartered in Paris with offices in several other cities, are in “exclusive negotiations,” with a deal likely closing “in the second half of this
Galleries Emmanuel Perrotin, who predicts increased gallery consolidation, even floated the idea of buying up rivals. Eileen Kinsella June 12, 2023 Dealer Emmanuel Perrotin at FIAC 2021. Photo: Luc Castel/Getty Images. European real estate investor Colony Investment Management confirmed that it is in discussions to buy a 60 percent stake in Galerie Perrotin, a blue
Then-CEO of 21st Century Fox James Murdoch at the New York City premiere of National Geographic Documentary Films’ “Free Solo” at Jazz at Lincoln Center on September 20, 2018. (Photo by Bryan Bedder/Getty Images for National Geographic) Within the rarefied business of art, it’s quite possible that no one in recent memory has accrued more
The real estate investment company Colony Investment Management is in discussion to purchase a 60 percent stake in Perrotin gallery, according to Bloomberg News. The two companies, both headquartered in Paris with offices in several other cities, are in “exclusive negotiations,” with a deal likely closing “in the second half of this year.” Per the
Most investor portfolios are made up of three key ingredients: equity assets (like stocks), fixed-income assets (bonds), and cash or cash equivalents, like money market funds. Any other asset is lumped into the catchall “alternative asset” category. What are alternative assets? Alternative assets are investments that aren’t typically included in traditional investment portfolios. Alternative assets
New York State Council on the Arts Executive Director Mara Manus said, “These exciting arts and culture capital projects will ensure the longevity and sustainability of our sector for decades to come. Additionally, these projects will provide exponential returns to every community, main street business, and worker. We are immensely grateful to the Governor and