When they began to proliferate in the early 2000s, art investment funds were viewed variously as the future of the art market and as a force that could lead to its demise. These funds seek to expand access to the market by pooling investments to acquire artworks, and while they have a checkered reputation, some of their leaders say they are evolving for the better.
Plus, Sotheby’s snagged a valuable Old Masters collection that includes around 60 works by artists such as Frans Hals, Canaletto, and Rubens. And Russian billionaire and art collector Dmitry Rybolovlev was cleared of all criminal charges, ending a seven-year legal battle over alleged influence-peddling in the art market.
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