A Picasso sold for more than 63 million dollars. The Modigliani changed hands for almost 56 million dollars . Everyone who is anyone, and who has the necessary money, invests in artworks like these.
The Italian painter's recently discovered portrait of Christ, "Salvator Mundi," has sold for a record-breaking $450.3 million (€382 million). The artwork, which went missing for several years, was once traded for $60.
The recent Neymar football transfer was emblematic of the obscene games of the ultra-rich. With the record auction of Leonardo da Vinci's "Salvator Mundi," the art world now has its own symbol, says Torsten Landsberg.
China's largest e-commerce platform plans to take a major stake in one of the country's top food sellers, Sun Art Retail Group, as it's investing heavily in connecting its online and offline portfolio of businesses.
Some cultural projects manage to become an actual brand. Each year, the Cultural Brand Awards honor the people and institutions that go one step further in promoting Europe's cultural identity.
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