Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Is This a Good Time for a €100 Million Art Fund?

February 22, 2009 by Marion Maneker

According to the Financial Times, Robert Tomei–who runs an Italian private equity firm called Advanced Capital–has raised €100 million in co-operation with Phillips de Pury:

The fund will mostly buy contemporary art, but will also invest in photography and design. Mr Tomei is a keen art collector himself, as well as chairman of the investment committee of the Peggy Guggenheim Foundation and board member of the Tate Museum in London and the New York Museum of Modern Art. He and Phillips de Pury have already shown they can make money from art, having made 16 per cent-plus annual returns on the three previous art funds they advised.

Indian Private Equity Firm Claims Madoff Fallout Helpful [sic] (Financial Times)

More from Art Market Monitor

  • Phillips de Pury Cont Eve = $79.9mPhillips de Pury Cont Eve = $79.9m
  • Phillips de Pury Cont Day = £4.123m ($6.39m)Phillips de Pury Cont Day = £4.123m ($6.39m)
  • Phillips de Pury London Cont Eve = £23.376m
  • Basquiat and Guarantees Bolster Phillips SaleBasquiat and Guarantees Bolster Phillips Sale
  • Phillips de Pury NY Cont Eve = $89.9mPhillips de Pury NY Cont Eve = $89.9m
  • Phillips de Pury Under the Influence = $7.2mPhillips de Pury Under the Influence = $7.2m

Filed Under: Uncategorized Tagged With: 20th Century Design, Art Funds, Contemporary, Phillips de Pury, Photography

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor