Diego Rivera's Detroit Industry murals, which was commissioned by Ford Motors Co. in 1932, has been protected from Detroit's bankruptcy sale. Britain's Christie's Inc. assessed pieces bought by the city money to be worth USD452 million to USD866 million.
Art/Design
3D Systems acquires California 3D modeling firm Gentle Giant
South Carolina-based 3D printing solutions provider 3D Systems bought California-based 3D modeling firm Gentle Giant Studios for an undisclosed amount just a month after announcing its intention to acquire Xerox Corp's engineering group.
Dubai's Arabtec denies Depa stake hike plans
Dubai-based construction company Arabtec Holding had no plans to up its stake in interior contracting firm Depa, according to a statement made by Arabtec to Dubai's bourse.
Angel investment in Russia quadrupled this year - study
Angel funding in Russian companies were 4.5 times more than funding from angel investors in 2012, according to a joint study by National Association of Business Angels (NABA), Atom Partners and RVC.
Texas-based Michaels Stores reorganizes its previous plans to undertake an initial public offering
Michaels Stores, a retailer of arts-and-crafts based in Texas, has reorganized its previous plans to undertake an initial public offering, the Wall Street Journal reported.
Latest News
Frances's 3D model sharing service Sketchfab raised USD2 million in funding from Partech, Balderton, and angel investor David Cohen to develop its 3D object browser.
New York-based auction house Sotheby's is gearing up for its first commercial sale in China with USD212 million worth of artwork consisting of western and Chinese paintings, jewelry and furniture by Picasso, Rembrandt and Zao Wou-Ki.
The auction frenzy seen in Hong Kong's latest auctions by Christie's International Plc was not caught on in London, wherein seven of the 24 lots put up for sale did not attract bidders.
Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.
Barton Equity Partners and Tuckerman Capital extend financial assistance to Pacific Northern and its management in its dividend recapitalization undertaking for its expansion in the luxury market.
Sydney, Australia-based DesignCrowd claimed that its crowdsourcing marketplace was more fair and transparent to freeland designers, and intended to expand its business in the US.
Artists' social community DeviantART raised a new round of funding amounting to USD10 million from Autodesk.
Owners of over USD2 billion artwork to be sold in auction houses like Christie's included hedge-fund billionaire Steven A. Cohen.
Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.
