Saturday, 28 March 2015
Last updated 1 day ago
Mar 23 2012 | 11:29am ET
Some of the centerpieces of private equity pioneer Theodore Forstmann's art collection will go under the gavel in May, six months after Forstmann's death at the age of 71.
Sotheby's will sell about 50 works from Forstmann's collection in two separate auctions. On May 2, works by Pablo Picasso, Chaïm Soutine, Joan Miró, Paul Gaugin, Pierre Bonnard and Henri de Toulouse-Lautrec. A week later, later works from Forstmann's estate, including pieces by Roy Lichtenstein, Jean-Michel Basquiat and Arshile Gorky, will be part of Sotheby's contemporary art evening auction.
"Teddy Forstmann strove for excellence in business and in life, which carried through effortlessly into his art collecting," Stephane Connery of Sotheby's said. "“He constantly reevaluated and refined his collection, keeping it fresh, fluid and ever-evolving. He truly lived with and appreciated his works, often rearranging them to explore new contexts and connections. Teddy had a passion for strong, powerful images with Expressionist tendencies, and this common thread runs throughout the works on offer this spring – from the two commanding Soutine canvases, to Picasso’s ever-powerful portrait of Dora Maar, to the charged works by Miró and Basquiat."
The Forstmann Little & Co. founder died of brain cancer in November.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…