How This Cannabis CEO Brings an Edge to Art Collecting

How This Cannabis CEO Brings an Edge to Art Collecting

A cannabis industry CEO is applying the aggressive, data-driven tactics of his business to the art market, building a significant collection focused on underrepresented artists. Steve DeAngelo, co-founder of Harborside Inc., leverages his company's analytical approach to identify value and emerging trends, targeting works by artists of color, women, and LGBTQ+ creators that he believes are undervalued by the traditional market.

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Cultured magazine profiles 10 art collectors, sharing the stories of their first acquisitions. The article features collectors such as Miami real estate developer Craig Robins, hotelier Steve Wilson, Allison Sarofim, Brandon John Harrington, James Frey, and Rodrigo Padilla, recounting how they began their collections—from a Dalí sketch and a Matisse drawing to an Andy Warhol portrait and a late-night Instagram purchase. Each narrative highlights the personal, often serendipitous moments that sparked a lifelong passion for art.

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Collector Amitha Raman shares her journey into art collecting, which began with late-night classes at MoMA under art historian Agnes Berecz, where she explored empty galleries after hours. Her first acquisition was Mary Beth Edelson's "Hounds of Hell" (1973), and she now serves as co-chair of MoMA's Young Patrons Council and a member of its Black Arts Council. Raman's collection includes works by Rashid Johnson, Wolfgang Tillmans, Tracey Emin, Jenny Holzer, and Jeffrey Gibson, and she actively loans pieces to major museums worldwide.

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MoMA PS1 kicked off its 50th anniversary year with an intimate cocktail event at the Tribeca townhome of board member Michi Jigarjian, hosted by the museum's patron group the Greater New Yorkers. Over 100 guests—including artists, collectors, dealers, and curators—gathered for remarks from Director Connie Butler, Chief Curator Ruba Katrib, and co-chairs Leslie Fritz, Ed Tang, and Amitha Raman, followed by a performance by experimental cellist Dorothy Carlos. Attendees received a first look at the upcoming quinquennial exhibition "Greater New York 2026," which will feature over 50 New York-based artists, with a partial list including Farah Al Qasimi, Fields Harrington, Hardy Hill, Sofia Sinibaldi, and Julia Wachtel.

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CULTURED magazine asked art collectors to share their strangest negotiation experiences with artists or dealers. Responses range from a late-night studio sale in a dark East Atlanta alleyway to accidentally bidding on a second impression of a Picasso etching at auction. Other tales include haggling over a borrowed frame after a Christie's purchase, a dealer insisting the artwork be displayed in a specific room, and acquiring a Rick Lowe painting sight unseen from Gagosian after seeing it at the Venice Biennale. The survey reveals the quirky, human side of art transactions often hidden behind market mythology.