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From Gwyneth Paltrow to Jack Nicholson: How Hollywood stars have fallen in love with the art world | Culture

Edward G. Robinson, the Hollywood actor known for his gangster roles, was in real life an avid art collector. He began by purchasing reproductions of artists such as Van Gogh and Matisse, and later went on to amass a fabulous collection that included genuine works from the aforementioned painters, and became one of the first collectors of Frida Kahlo’s art. In the 1950s, he was forced to sell up due to the financial obligations of his divorce.

In those days, it was not usual for Hollywood stars to have such a close relationship with great art. For proof of this, look no further than the photo above, of Natalie Wood posing with her portraits signed by the camp painter Margaret Keane. Cases such as Robinson, Greta Garbo, Vincent Price and Billy Wilder, who auctioned work by Picasso, Chagall, Calder and Niki de Saint Phalle, were less common. That said, there were no doubt others who kept their activities strictly private.

But these days, art collection is a status symbol among celebrities, and on certain levels is less to do with personal taste and more to do with building an image for others.

It is from this perspective that a recent controversy involving Architectural Digest magazine and actress Gwyneth Paltrow must be considered. In an article, she showed the world her new home in Montecito, California, posing by a genuine painting by Ed Ruscha and a sculpture that, while at first glance was identical to those created by Japanese artist Ruth Asawa, was in fact the work of D’Lisa Creager, an artist who sells her work for around $10,000 (€8,790) a piece. Such was the confusion, that the magazine itself identified the work as being by Asawa, and later had to correct the information.

Actress and singer Barbra Streisand (r) at an exposition of painter Maxine Smith in 2019.
Actress and singer Barbra Streisand (r) at an exposition of painter Maxine Smith in 2019.Amanda Edwards (Getty)

An original by Asawa (who died in 2013) went for more than $5.3 million (€4.66) at auction in 2020 at Christie’s. At the same time, owning an original from US pop artist Ruscha is not exactly cheap. To date, his work reached its highest price of $52.4 million (€46 million), in 2019, for one of his historic text paintings.

Paltrow is one of the Hollywood stars who can often be seen at the Art Basel art fair events, whether in Miami or Hong Kong. That’s where you can find the biggest contemporary art collectors in the world, together with the most-powerful galleries, and which exhibit the best of their living artists and the legacies they also represent. Actors and friends Leonardo DiCaprio and Tobey Maguire are among those who are recognized for their expensive hobby of acquiring top-level art.

Actress Mary-Kate Olsen has in her possession pieces by Andy Warhol and photographer Thomas Ruff, while actor Neil Patrick Harris is a fan of David Wojnarowicz and Robert Longo. Sofia Coppola has opted in the past for British artist Tracey Emin, while Jack Nicholson’s collection is valued at around $150 million (more than €130 million), and includes Fernando Botero.

Steve Martin has work by Cindy Sherman, Eric Fischl and Francis Bacon, while Brad Pitt is an eclectic collector whose taste ranges from Marcel Dzamato the neosurrealism of Neo Rauch and the media phenomenon that is Banksy.

As for famous couples, Beyoncé and Jay-Z own works by Ruscha, Warhol and Basquiat, as well as Damian Hirst. Hirst, Banksy and Emin also figure among the collection of David and Victoria Beckham, who are not exactly notable for the originality of their purchases but rather for their high price tags.

A painting by Dutch artist Kees van Dongen (1877-1968), owned by singer Barbra Streisand, on auction in 2009.
A painting by Dutch artist Kees van Dongen (1877-1968), owned by singer Barbra Streisand, on auction in 2009.Kevork Djansezian (Getty)

It is no doubt the world of cinema, however, where the most avid collectors are to be found. Multimillionaire David Geffen, who financed pictures such as Interview with the Vampire, leads the ranking of the major global collectors, having in his possession work by Pollock and De Kooning. His nose for business has also translated into lucrative purchases and sales, having set a series of record prices. In 2006, for example, he sold a Pollock for $140 million (€123 million), and in 2016 he offloaded another Pollock and a work by De Kooning for a total of $500 million (€440 million).

Star Wars creator George Lucas and legendary film director Steven Spielberg are also high-level collectors, and a decade ago the Smithsonian American Art Museum organized an exhibition with paintings by Norman Rockwell from both of their collections.

In the past, art dealers were somewhat shadowy figures who occupied a background role, but recently some have become famous in their own right – a phenomenon fueled by their romances with well-known actors. Lucas Zwirner, for example, was in a relationship with Sienna Miller for just over a year, while Vito Schnabel has been linked to models Heidi Klum and Irina Shayk, as well as actresses Demi Moore, Cameron Díaz, Kate Hudson, Liv Tyler and Amber Heard. Jennifer Lawrence, meanwhile, is pregnant with her first child – her husband is Cooke Maroney, the director of the Gladstone Gallery.

It’s a perfectly contemporary phenomenon, in which the market and the culture of show business infiltrate the fabric of art until the three become indistinguishable. Or it could also be seen as another derivation of the idea that the introduction to art is always an emotional question. After all, that is what all proud collectors would say of themselves.

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Assessing Property Size: What Square Footage Can You Get With The Average UK House Price In Your Area?

Assessing Property Size In The UK

In the United Kingdom, there is a prevailing tendency to gauge the size of residences based on the number of bedrooms rather than square footage. In fact, research indicates that three out of five individuals are unaware of the square footage of their property.

However, a comprehensive analysis conducted by ‘Savills’ reveals significant variations in property sizes throughout the country. For instance, with the average property price standing at £340,837, this amount would typically afford a studio flat spanning 551 square feet in London, according to the prominent estate agency.

Conversely, in the North East region, the same sum would secure a spacious five-bedroom house measuring 1,955 square feet, nearly four times the size of a comparable property in London.

Best value: Heading to the North East of England is where buyers will get the most from their money

In Scotland, the median house price equates to a sizable investment capable of procuring a generous four-bedroom residence spanning 1,743 square feet. Conversely, in Wales, Yorkshire & The Humber, and the North West, this sum affords a slightly smaller four-bedroom dwelling of approximately 1,500 square feet, while in the East and West Midlands, it accommodates a 1,300 square foot home. In stark contrast, within the South West, £340,837 secures a modest 1,000 square foot property, and in the East, an even more confined 928 square feet.

London presents the most challenging market, where this budget offers the least purchasing power. Following closely, the South East allows for 825 square feet of space or a medium-sized two-bedroom dwelling. Lucian Cook, head of residential research at Savills, emphasizes the profound disparity in purchasing potential across Britain, ranging from compact studio flats in London to spacious four or five-bedroom residences in parts of North East England.

While square footage serves as a critical metric, with a significant portion of Britons unfamiliar with their property’s dimensions, the number of bedrooms remains a traditional indicator of size. Personal preferences, such as a preference for larger kitchens, may influence property selection. For those prioritizing ample space, Easington, County Durham, offers a substantial 2,858 square foot, five-bedroom home, while Rhondda, Wales, and Na h-Eileanan an Iar, Scotland, provide 2,625 and 2,551 square feet, respectively. Conversely, in St Albans, Hertfordshire, £340,837 secures a mere 547 square feet, equivalent to a one-bedroom flat.

The disparity continues in central London, where purchasing power diminishes considerably. In Kensington, the budget accommodates a mere 220 square feet, contrasting with the slightly more spacious 236 square feet in Westminster. Conversely, in Dagenham, the same investment translates to 770 square feet. Three properties currently listed on Rightmove exemplify the diversity within this price range across the UK market.

South of the river: This semi-detached house is located near to three different train stations

South of the river: This semi-detached house is located near to three different train stations

2. Lewisham: One-bed house, £345,000

This one-bedroom property in Lewisham, South London, is on the market for £345,000.

The semi-detached house is set over two floors, and has a private patio.

The property is located near to bus links and amenities, as well as Catford train station.

Edinburgh fringe: This three-bed property is located on the edge of the city, near to the town of Musselburgh

Edinburgh fringe: This three-bed property is located on the edge of the city, near to the town of Musselburgh

3. Edinburgh: Three-bed house, £350,000

This three-bedroom detached house in Edinburgh could be yours for £350,000.

The house, which has a two-car driveway, boasts a large kitchen diner, and is within easy reach of Newcriaghall train station.

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Top 10 Florida Cities Dominate The Business Startup Landscape In The U.S.

Top 10 Florida Cities And Business Startup Landscape In The U.S.

The Voice Of EU | Florida emerges as a hub for entrepreneurial endeavors, with its vibrant business landscape and conducive environment for startups. Renowned for its low corporate tax rates and a high concentration of investors, the Sunshine State beckons aspiring entrepreneurs seeking fertile grounds to launch and grow their businesses.

In a recent report by WalletHub, Florida cities dominate the list of the top 10 best destinations for business startups, showcasing their resilience and economic vitality amidst challenging times.

From Orlando’s thriving market to Miami’s dynamic ecosystem, each city offers unique advantages and opportunities for entrepreneurial success. Let’s delve into the chronologically listed cities that exemplify Florida’s prominence in the business startup arena.

1. Orlando Leads the Way: Orlando emerges as the most attractive market in the U.S. for business startups, with a remarkable surge in small business establishments. WalletHub’s latest report highlights Orlando’s robust ecosystem, fostering the survival and growth of startups, buoyed by a high concentration of investors per capita.

2. Tampa Takes Second Place: Securing the second spot among large cities for business startups, Tampa boasts a favorable business environment attributed to its low corporate tax rates. The city’s ample investor presence further fortifies startups, providing essential resources for navigating the initial years of business operations.

3. Charlotte’s Diverse Industries: Claiming the third position, Charlotte stands out for its diverse industrial landscape and exceptionally low corporate taxes, enticing companies to reinvest capital. This conducive environment propels entrepreneurial endeavors, contributing to sustained economic growth.

4. Jacksonville’s Rising Profile: Jacksonville emerges as a promising destination for startups, bolstered by its favorable business climate. The city’s strategic positioning fosters entrepreneurial ventures, attracting aspiring business owners seeking growth opportunities.

5. Miami’s Entrepreneurial Hub: Miami solidifies its position as a thriving entrepreneurial hub, attracting businesses with its dynamic ecosystem and strategic location. The city’s vibrant startup culture and supportive infrastructure make it an appealing destination for ventures of all sizes.

6. Atlanta’s Economic Momentum: Atlanta’s ascent in the business startup landscape underscores its economic momentum and favorable business conditions. The city’s strategic advantages and conducive policies provide a fertile ground for entrepreneurial ventures to flourish.

7. Fort Worth’s Business-Friendly Environment: Fort Worth emerges as a prime destination for startups, offering a business-friendly environment characterized by low corporate taxes. The city’s supportive ecosystem and strategic initiatives facilitate the growth and success of new ventures.

8. Austin’s Innovation Hub: Austin cements its status as an innovation hub, attracting startups with its vibrant entrepreneurial community and progressive policies. The city’s robust infrastructure and access to capital foster a conducive environment for business growth and innovation.

9. Durham’s Emerging Entrepreneurship Scene: Durham’s burgeoning entrepreneurship scene positions it as a promising destination for startups, fueled by its supportive ecosystem and strategic initiatives. The city’s collaborative culture and access to resources contribute to the success of new ventures.

10. St. Petersburg’s Thriving Business Community: St. Petersburg rounds off the top 10 with its thriving business community and supportive ecosystem for startups. The city’s strategic advantages and favorable business climate make it an attractive destination for entrepreneurial endeavors.

Despite unprecedented challenges posed by the COVID-19 pandemic, the Great Resignation, and high inflation, these top Florida cities remain resilient and well-equipped to overcome obstacles, offering promising opportunities for business owners and entrepreneurs alike.

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European Startup Ecosystems Awash With Gulf Investment – Here Are Some Of The Top Investors

European Startup Ecosystem Getting Flooded With Gulf Investments

The Voice Of EU | In recent years, European entrepreneurs seeking capital infusion have widened their horizons beyond the traditional American investors, increasingly turning their gaze towards the lucrative investment landscape of the Gulf region. With substantial capital reservoirs nestled within sovereign wealth funds and corporate venture capital entities, Gulf nations have emerged as compelling investors for European startups and scaleups.

According to comprehensive data from Dealroom, the influx of investment from Gulf countries into European startups soared to a staggering $3 billion in 2023, marking a remarkable 5x surge from the $627 million recorded in 2018.

This substantial injection of capital, accounting for approximately 5% of the total funding raised in the region, underscores the growing prominence of Gulf investors in European markets.

Particularly noteworthy is the significant support extended to growth-stage companies, with over two-thirds of Gulf investments in 2023 being directed towards funding rounds exceeding $100 million. This influx of capital provides a welcome boost to European companies grappling with the challenge of securing well-capitalized investors locally.

Delving deeper into the landscape, Sifted has identified the most active Gulf investors in European startups over the past two years.

Leading the pack is Aramco Ventures, headquartered in Dhahran, Saudi Arabia. Bolstered by a substantial commitment, Aramco Ventures boasts a $1.5 billion sustainability fund, alongside an additional $4 billion allocated to its venture capital arm, positioning it as a formidable player with a total investment capacity of $7 billion by 2027. With a notable presence in 17 funding rounds, Aramco Ventures has strategically invested in ventures such as Carbon Clean Solutions and ANYbotics, aligning with its focus on businesses that offer strategic value.

Following closely is Mubadala Capital, headquartered in Abu Dhabi, UAE, with an impressive tally of 13 investments in European startups over the past two years. Backed by the sovereign wealth fund Mubadala Investment Company, Mubadala Capital’s diverse investment portfolio spans private equity, venture capital, and alternative solutions. Notable investments include Klarna, TIER, and Juni, reflecting its global investment strategy across various sectors.

Ventura Capital, based in Dubai, UAE, secured its position as a key player with nine investments in European startups. With a presence in Dubai, London, and Tokyo, Ventura Capital boasts an international network of limited partners and a sector-agnostic investment approach, contributing to its noteworthy investments in companies such as Coursera and Spotify.

Qatar Investment Authority, headquartered in Doha, Qatar, has made significant inroads into the European startup ecosystem with six notable investments. As the sovereign wealth fund of Qatar, QIA’s diversified portfolio spans private and public equity, infrastructure, and real estate, with strategic investments in tech startups across healthcare, consumer, and industrial sectors.

MetaVision Dubai, a newcomer to the scene, has swiftly garnered attention with six investments in European startups. Focusing on seed to Series A startups in the metaverse and Web3 space, MetaVision raised an undisclosed fund in 2022, affirming its commitment to emerging technologies and innovative ventures.

Investcorp, headquartered in Manama, Bahrain, has solidified its presence with six investments in European startups. With a focus on mid-sized B2B businesses, Investcorp’s diverse investment strategies encompass private equity, real estate, infrastructure, and credit management, contributing to its notable investments in companies such as Terra Quantum and TruKKer.

Chimera Capital, based in Abu Dhabi, UAE, rounds off the list with four strategic investments in European startups. As part of a prominent business conglomerate, Chimera Capital leverages its global reach and sector-agnostic approach to drive investments in ventures such as CMR Surgical and Neat Burger.

In conclusion, the burgeoning influx of capital from Gulf investors into European startups underscores the region’s growing appeal as a vibrant hub for innovation and entrepreneurship. With key players such as Aramco Ventures, Mubadala Capital, and Ventura Capital leading the charge, European startups are poised to benefit from the strategic investments and partnerships forged with Gulf investors, propelling them towards sustained growth and success in the global market landscape.

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