Friendship, fraud, scams, shady deals and Fine Art
£52bn annual sales for the Art World! Art World’s estimated total annual sales of over £52billion ( $65 billion) like, Venice’s rich displays art, old, new, and compete with parties in private palazzi and billionaires’ boats. Yet art traders are struggling to convert the next generation of enthusiasts into committed buyers. Prices, ownership, and conditions that reveal the limits of a market with no overarching oversight, which still relay on handshakes, and the hidden code of conduct. In the last year art advisor Lisa Schiff whose clients include Hollywood actor Leonardo DiCaprio, stands accused of running a Ponzi scheme amid a legal claim … Continue reading Friendship, fraud, scams, shady deals and Fine Art
