art market
Coverage of art market in the Nexus archive.
- Art market money laundering rules catch interior designers and toy-soldier sellers
Regulations designed to combat money laundering through high-value art sales are currently catching smaller operations. These rules, initially aimed at stopping criminals washing millions of pounds, are ensnaring various small businesses, including interior designers and toy-soldier sellers.
- Auction houses are posting their strongest sales in years as AI wealth floods into art
Sotheby's and Christie's both reported their strongest first halves in years, with 8 lots selling for more than $50 million. Auction houses are experiencing robust sales as AI wealth influences the art market.
- Sotheby's US Private Sales Head on $130M Mnuchin Auction
Sotheby's Head of Private Sales Courtney Kremers discusses the $130 million sale of Robert Mnuchin's art collection and highlights a growing trend of younger buyers in the art market. The conversation took place on Bloomberg's 'The Close' with Romaine Bostick and Katie Greifled.