When Dominating the Art Market Is the Family Business

Jose’s son Alberto “Tico” Mugrabi got his start in the art business at 18; his older brother David Mugrabi joined after a stint on Wall Street.David and Libbie Mugrabi’s tabloid 2019 divorce involved allegations of adulterous skinny-dipping, a brawl over a Keith Haring sculpture, and a rumored $100 million payout.

the 1960s. Today, the billionaire family treats its collection of at least 4,000 works like the stock market, buying and holding — sometimes for decades in a tax-free Geneva warehouse — then selling when prices are high. “Monet and Picasso are like Microsoft and Coca-Cola,” David once said.Picasso. The Nahmads own an estimated 300 works by the artist, worth at least $1 billion — the largest collection outside the Picasso family.

MaryMWalsh The Art World Mafia...

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Downtown Seattle art business targeted by criminals for sixth time in 17 monthsThis time, the owner of Fossil and Stone said a car drove into their front door to try and get inside. According to the city council Seattle is thriving, no problems with theft, crime, homeless people. Mayor is trying to get more police, council wants defunding. VOTE THE COUNCIL MEMBERS WHO VOTED FOR DEFUNDING POLICE OUT. SAWANT CALLS POLICE MURDERS.
Source: KIRO7Seattle - 🏆 271. / 63 Read more »