Hans Neuendorf Resigns Today, artnet Quits Magazine Business

June 25, 2012

Hans Neuendorf, 74, founder and CEO of artnet AG, has resigned today and will be succeeded by his son, Jacob Pabst. The announcement was made by the company today in an email and was later reported by the news media.[1] The decision was made by the company’s Supervisory Board, which saw two of its three members elected as new members earlier this year.

Mr. Pabst, 39, has worked for artnet since 2000 and was chosen to head up the New York office that January. According to information currently available, Mr. Neuendorf will remain with the company as a consultant.

The resignation comes three weeks prior to artnet AG’s annual meeting of shareholders, which will be held in Berlin on July 11.[2] artnet shareholders have not yet been asked to approve the change in CEO nor have they been provided with information about the terms of Mr. Pabst’s appointment or the terms of Mr. Neuendorf’s resignation.

artnet’s share price is up 3.6% to EUR 6.3 on today’s announcement amid general decline in world stock market indices.

On a related note, it was also reported that artnet would close its magazine business—artnet Magazine—effective Monday, June 25.

Skate’s continues to voluntarily refrain from analysis of artnet AG given the fact that Skate’s founder, Sergey Skaterschikov, is also on the board of Redline Capital Management SA (www.redline.lu), a Luxembourg-based asset management firm that recently became one of the largest minority shareholders in artnet AG.

Monthly Art Investment Ideas – June 2012

June 22, 2012

This issue of Skate’s Art Investment Review focuses on the major upcoming June auctions at Christie’s and Sotheby’s.

In this Issue:

  • May Sales Results: Contemporary, Impressionist & Modern, Chinese
  • Investment Results in May
  • Investing in the Idea: Lucio Fontana, Yves Klein, and Piero Manzoni
  • Top 5 Art Investment Ideas for June2012
    • Concetto spaziale, Attese by Lucio Fontana
    • Concetto spaziale, Attese by Lucio Fontana
    • Anthropométrie (ANT 49) by Yves Klein
    • ANT 135 by Yves Klein
    • Achrome by Piero Manzoni

To read the full report, please click here.

Art Stocks Review – June 2012 – Sotheby’s, Weng Fine Art, Skate’s Art Stocks Index

June 10, 2012

In this issue:

  • Sotheby’s Q1 Results: Private Sales Success, Financial Services Gaining Strength
  • Weng Fine Art AG Q1 Results: Strong Performance, Preparation to Launch e-Commerce Platform
  • Skate’s Art Stocks Index

To read the full report, please click here.

Skate’s at Deloitte’s 5th Art & Finance conference at Art Basel on June 15

June 7, 2012

Skate’s presents the overview of the latest trends in art valuation and art appraisal market practice at Deloitte’s 5th Art & Finance conference at Art Basel on June 15.

To download the presentation, please click here.


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