As ARTnews reported in December, Masterworks used its sizable cash runway to buy greater than $450 million worth of paintings, whereas slicing over two dozen employees because it struggled to reach formidable gross sales targets. Former staffers revealed that the cost of netting retail buyers was an ongoing problem. Mintus has confronted a similar hurdle, an nameless source conversant in the company’s business technique advised ARTnews. A more restrictive regulatory setting in the United Kingdom, where Mintus is based, forced it to pivot from retail to institutional traders and household wealth workplaces.
Many of the organizers of the shows are Korean-born or Korean American curators — all of them ladies — who’ve been gearing up for this moment for a really long time. 21, no. 18 , the journal was published as American Art News. From February 1923 to the current, the magazine has been revealed as The Art News …