Word: collector
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Richard Baker walks into the Time Warner Center in New York City wearing a sporty tan summer suit accented by a marigold tie with yellow socks to match. These days the real estate developer, art collector and former chef is having fun with fashion. As CEO of NRDC Equity Partners?the private-equity firm that bought Lord & Taylor?Baker is the proud new owner since October of America's oldest department store. And he's overseeing a makeover as bold as his brightly colored tie. To prove his dedication to the turnaround, he and his wife have made a pact...
There is no problem moving jewelry forward. "We've sold more very, very expensive pieces than ever before," Katz says. One 100-year-old piece, the "Sautoir," a diamond, pearl and platinum necklace created in Belle Epoque Paris by Cartier, has been selected by jewelry collector extraordinaire Lee Siegelson to be sold as one of many special 100th anniversary items (in this case, celebrating the centennial of Neiman Marcus) this fall...
...China Poly Group, an arms dealer linked to the People's Liberation Army, purchased the ox, tiger and monkey in 2000 and now has them on display in its Beijing museum. Ho bought the pig in 2003 from a New York collector and donated it to China. It is now also in the Poly Group museum. The rabbit and the rat are in private European collections...
...sale has calmed what threatened to be a highly controversial auction in Hong Kong next month. Sotheby's originally planned to sell the bronze - which was previously owned by a collector in Taiwan - at auction along with 30 pieces that were mostly traced to Qing palaces. A Chinese government-linked organization responsible for recovering looted cultural artifacts opposed selling the head at auction because there was no assurance that it would end up in China...
...have also ended up outside China angered nationalists. But Sotheby's argued that it would likely have ended up on the mainland even if it went to auction. "We were quite confident that the object there stood a very good chance of falling into the hands of a Chinese collector, bearing in mind the search and demand and interest of mainland Chinese collectors for important works of Chinese art, especially those of great historical significance," says Kevin Ching, CEO of Sotheby's Asia. For China's wealthy new elite, buying Chinese artifacts from abroad has become a symbol of both...