Displaying items by tag: investor

On Wednesday, Reed Galin, an investor in a painting by Andrew Wyeth entitled Ice Storm, sued an art dealer in New York State Supreme Court for the proceeds from the May sale of the painting at Christie's.

The painting is at the heart of a long-standing dispute between Galin and disgraced art dealer David Ramus, Galin's a childhood friend.

According to the New York Post's Page Six column, a multimillionaire investor who deliberately keeps himself cash poor through a maze of trusts and byzantine financial arrangements, was ordered by a Supreme court judge to turn over $2 million worth of art, antiques, furs, and jewelry in order to satisfy a longstanding debt. According to the Post, the property in question includes work by Jasper Johns and Roy Lichtenstein.

Former Dodgers President Jamie McCourt and heiress and philanthropist Aileen Getty are among the four new trustees announced Thursday by the Museum of Contemporary Art in Los Angeles.

Investor and philanthropist Andrew Nikou and art collector Chara Schreyer also joined MOCA's board of trustees.

“They each have a commitment and passion for civic and culture engagement that is inspiring,” MOCA Director Philippe Vergne said in the announcement. “As a group, they represent well how we are continuing to establish the museum’s national and international footprint.”

Seventy paintings that span the 15th to the 20th centuries from the collection of the Spanish investor Juan Abelló and his wife Ana Gamazo, including works by El Greco, Francisco Goya, Georges Braque and Pablo Picasso, are due to go on show in the US for the first time. “The Abelló Collection: A Modern Taste for European Masters” will open at the Meadows Museum at the Southern Methodist University in Texas next year, 18 April-2 August.

A key work in the show is Francis Bacon’s "Triptych," 1983, one of the artist’s final works in the format, which Abelló acquired in 2008 through a private sale.

Trustees of the National Gallery of Art have elected New York City investor and philanthropist Frederick W. Beinecke as the museum's president.

The gallery announced Friday that Beinecke (BUY-nek-ee) will move into the lead role July 19. He succeeds Washington philanthropist Victoria Sant, who has been president since 2003. Sant will remain on the board until July 2015.