Of Wars and Culture How Corporate Raider Asher Edelman became an art dealer and financier If a notorious corporate raider becomes an art dealer and financier, it indicates a metamorphosis, maybe even a catharsis: Someone has renounced the world of filthy lucre, stock markets and power and dedicates his life to beauty, the true and [...]
The Art World’s Gordon Gekko A former corporate raider is shaking up the market with brash tactics and big plans Just before the country’s most prestigious art fair, Art Basel Miami Beach, opened in December, an energetic 70-year-old man named Asher Edelman marched through the local convention center to the booth of a Zurich gallery. [...]
by Asher B. Edelman On April 13 I sent out a brief letter on the Greek crisis. Here is my view of the crisis and the EU actions as of today. WHO WILL SAVE THE COUNTRIES? WHO WILL SAVE THE CURRENCIES? The banks seemed a problem (actually most still are) but there were countries, governments [...]
Art comes of age as an investment for the wealthy International businessman Nicolas Berggruen, the son of a famous art dealer, saw a rare opportunity to expand his father’s renowned Picasso collection during an auction this month, but he was left empty-handed. Fierce bidding at the New York sale may have sparked a degree of [...]
Of Wars and Culture How Corporate Raider Asher Edelman became an art dealer and financier If a notorious corporate raider becomes an art dealer and financier, it indicates a metamorphosis, maybe even a catharsis: Someone has renounced the world of filthy lucre, stock markets and power and dedicates his life to beauty, the true and [...]
The Art World’s Gordon Gekko A former corporate raider is shaking up the market with brash tactics and big plans Just before the country’s most prestigious art fair, Art Basel Miami Beach, opened in December, an energetic 70-year-old man named Asher Edelman marched through the local convention center to the booth of a Zurich gallery. [...]
by Asher B. Edelman On April 13 I sent out a brief letter on the Greek crisis. Here is my view of the crisis and the EU actions as of today. WHO WILL SAVE THE COUNTRIES? WHO WILL SAVE THE CURRENCIES? The banks seemed a problem (actually most still are) but there were countries, governments [...]
Art comes of age as an investment for the wealthy International businessman Nicolas Berggruen, the son of a famous art dealer, saw a rare opportunity to expand his father’s renowned Picasso collection during an auction this month, but he was left empty-handed. Fierce bidding at the New York sale may have sparked a degree of [...]
by Asher B. Edelman Dear Friends, Myth #1 - Greece 30 Billion Euro commitment will solve the problems of the Euro currency zone. As was the case with the American banks, the number 30 billion was put forth as the salvation of the system. At the top the U.S. government (taxpayer) exposure was about $12 trillion. In April of 2008 [...]
by Asher B. Edelman - January 4, 2010 Dear Friends, I wish you all a most Happy New Year. May it be healthy and full of joy! On Saturday, upon returning from a holiday trip, I read with great interest a New York Times article entitled “U.S. Loan Effort is Seen as Adding to Housing Woes.” [...]
by Asher B. Edelman Below is a short letter I sent to the Editor of the Wall Street Journal. In the near future I will be following up with more details and a suggested solution. TO THE EDITOR OF THE WALL STREET JOURNAL I read with interest David Enrich’s “Banks Load Up on Mortgages, in [...]
by Asher B. Edelman What we are offered as a regulatory scenario is, once again, cronyism! We are presented with a plan that will be unmanageable and permit the same abuses as those that brought on the crisis guided and managed by the same folks who were in control before the crisis and remain in [...]
by Asher B. Edelman On November 6th 2008, January 7th 2009 and February 10th 2009 I mailed some observations on the Art market. In the February 10th email, I showed some statistics comparing Art versus Equities from 2000 through 2008. We have evolved the bar chart below as a graphic presentation of those statistics: A [...]
… versus the Stock Market by Asher B. Edelman Over the last nine years (from the beginning of 2000 through the end of 2008) $1,000,000 invested in … · The Dow Industrial Index would have been at year-end 2008 $780,211 or an annualized loss of (2.7%). · [...]
