What has Tommy Hilfiger been doing for the past decade since selling his company for $1.6bn? According to this Bloomberg piece, he’s been looking for art that he can buy, enjoy, and then eventually sell. Or, as Hilfiger says of at least two of the five works he’s selling at Phillips next week, “I’ve enjoyed [them] as much as I can […] so now someone else can enjoy them.”
“I like to buy and sell all the time,” he said. “I’m very interested in knowing who’s who, and what something is worth, and whether or not it would have a resale value.” But, he added: “I never want to buy something and just leave it in storage.”
How Tommy Hilfiger Plays the Art Market (Bloomberg)
