Draft:The Fine Art Group

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About[edit]

Launched in 2001, The Fine Art Group is an international team of art advisors and art investors.[1] It was founded by Philip Hoffman, the current CEO, and is chaired by Grey Ruthven, 2nd Earl of Gowrie.[2]

History[edit]

Falcon Fine Art[edit]

In January 2019, The Fine Art Group announced the successful acquisition of Falcon Fine Art, the art-lending division of the Falcon Group.[3] The Fine Art Group were not able to comment on any official figures “owing to the strict confidential legal obligations of the acquisition deal,”[4] but according to Freya Stewart, the CEO of Art Finance at The Fine Art Group, collateral included works by Andy Warhol, Pablo Picasso, Wassily Kandinsky and Alberto Giacometti.[5]

Maharajas and Mughal Magnificence[edit]

June 2019 saw a collaboration between the Christie's Jewellery Department and World Art Department, as well as The Fine Art Group, entitled Maharajas and Mughal Magnificence.[6][7] Held in the Christie's New York City branch at the Rockefeller Center, the record sale of over $109 million was the highest for any auction of Indian art and objects from the Mughal Empire, and the second highest for a private jewellery collection.[8] Over 400 lots from the House of Al Thani collection were sought after by bidders from 45 different countries. [9] The top lot was a Belle Époque devant-de-corsage by Cartier (jeweler), which sold for $10.6 million.[10] By the end of the sale, the auction had reached 93% sold by lot and 92% sold by value.[11]

References[edit]

  1. ^ Chesters, Laura (10 October 2016). "Fine Art Group to launch lending arm". Antiques Trade Gazette. Retrieved 16 July 2019.
  2. ^ https://www.fineartgroup.com/en/our-team-executive-team/
  3. ^ Kazakina, Katya (25 January 2019). "Fine Art Group Acquires Falcon's Loan Book With Warhol, Picasso". Bloomberg. Retrieved 11 July 2019.
  4. ^ Adam, Georgina (25 January 2019). "The Fine Art Group buys Falcon Fine Art as art finance industry consolidates". The Art Newspaper. Retrieved 11 July 2019.
  5. ^ Kazakina, Katya (25 January 2019). "Fine Art Group Acquires Falcon's Loan Book With Warhol, Picasso". Bloomberg. Retrieved 11 July 2019.
  6. ^ "Record sales of $109 Million for Maharajas and Mughal Masterpieces at Christie's Auction". Silicon India. 9 July 2019. Retrieved 11 July 2019.
  7. ^ Garrahan, Rachel (23 April 2019). "Vogue Reveals The Royal Jewels Set To Make Auction History". Vogue. Retrieved 11 July 2019.
  8. ^ "Maharajas and Mughal Magnificence". Christie's. Retrieved 11 July 2019.
  9. ^ https://www.christies.com/features/Auction-results-Maharajas-Mughal-Magnifcence-collection-9969-1.aspx?sc_lang=en#FID-9969
  10. ^ Cantrell, Liz (20 June 2019). "The Maharajas & Mughal Magnificence Sale Breaks Auction Records". Town and Country Magazine. Retrieved 11 July 2019.
  11. ^ "Maharajas & Mughal Magnificence collection makes history in New York". Christie's. 20 June 2019. Retrieved 11 July 2019.