The state of the Contemporary art market is such that Bloomberg‘s Scott Reyburn is reporting on decorators:
Russian billionaire Roman Abramovich bought 35 contemporary artworks for his luxury yacht, “Eclipse,” an art dealer revealed. The purchases came through Terence Disdale, who designs the interiors of Abramovich’s yachts, according to Joseph Clarke, director of Millennium, which has its gallery in southwest England. […]
“Among the major collectors, he’s on the quieter side,” said the London-based art and design dealer Kenny Schachter. “Any time a collector with that magnitude of resources enters the market, it’s good news for everyone.” The Millennium transactions are so far worth 200,000 pounds ($326,000), bought over six months, said Clarke. Terence Disdale Design Ltd. doesn’t comment on specific artworks bought for projects, said Fiona Diamond, the company’s public- relations spokeswoman. […] Sculptures by Millennium’s Simon Allen — who produces gilded wall reliefs resembling over-sized jewelry, priced at 5,000 pounds to 18,000 pounds — and minimalist abstract paintings by Trevor Bell, which cost as much as 25,000 pounds, will displayed on the yacht, said Clarke.
Billionaire Abramovich Buys Art for Yacht With Helipads, Lasers (Bloomberg)
