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art worlds lifestyle competition art detective 2671494

The article examines the seductive and often corrupting influence of extreme wealth in the art world, detailing how high-end dealers, advisors, and collectors indulge in lavish lifestyles involving private jets, couture, and exclusive parties. It highlights recent scandals, including the imprisonment of art dealer Inigo Philbrick and advisor Lisa Schiff for defrauding clients, and a new legal battle between prominent art advisors Barbara Guggenheim and Abigail Asher, who accuse each other of misappropriating millions to fund luxury expenses.

damien hirst will keep making artworks after dies 2650250

Damien Hirst, the 59-year-old British artist and one of the world's wealthiest living artists, has revealed a plan to continue creating artworks after his death. In an interview with the London Times, Hirst described a system of 200 notebooks, each representing one year after his demise, which will contain instructions for artworks that collectors can buy the rights to produce. These rights will be tradable certificates, and the works will be signed by his descendants. The scheme allows for back-dating of works, including a sculpture of a pig in formaldehyde conceived in 1991 but never made, which could be fabricated 145 years after his death and dated to 1991. This follows criticism Hirst faced in 2024 for assigning 1990s dates to formaldehyde sculptures actually produced recently, which his company Science Ltd. defended as conceptual artworks dated by conception.

barbara guggenheim abigail asher lawsuit 1234747531

Barbara Guggenheim Associates, Inc., a New York art advisory firm, is embroiled in legal conflict after founder Barbara Guggenheim and her longtime associate Abigail Asher filed dueling lawsuits in the Supreme Court of the State of New York. Guggenheim’s suit, filed in August but only recently reported by Artnet News, accuses Asher of diverting some $20.5 million in firm revenue for personal expenses, including rent, dinner bills, and home repairs, and alleges Asher wrongfully kept commissions from a Jean-Michel Basquiat artwork. Asher countersued, accusing Guggenheim of bullying, gaslighting, and using firm funds for personal costs like funeral expenses and luxury vehicles, while denying the financial misconduct claims. The lawsuits also involve the firm’s CPA, Robert Mandeltort, and Asher’s assistant, Jessica Lewis.

prominent art advisory implodes after 37 years as ex partners fire off lawsuits 2667729

Art advisors Barbara Guggenheim and Abigail Asher, who ran the blue-chip advisory Guggenheim Asher Associates for 37 years, are now locked in a bitter legal dispute. Lawsuits filed in New York Supreme Court allege fraud, tax evasion, misappropriation of funds, abuse, and exploitation. Guggenheim claims Asher misappropriated over $20.5 million in revenue, while Asher counters with accusations of unethical behavior, including using sex and kickbacks to secure artworks and lying to collectors. The firm’s clients included celebrities like Steven Spielberg and Tom Cruise and corporations such as Sony and Coca-Cola.

guggenheim asher legal brawl reactions 1234747784

A bitter legal battle has erupted between prominent art advisors Barbara Guggenheim and her former partner Abigail Asher, whose firm Guggenheim Asher Associates (GAA) has collapsed. Guggenheim accused Asher of misusing firm funds for personal expenses and claiming up to $20.5 million in future commissions. Asher countersued, alleging Guggenheim stole money for personal costs including her husband's funeral, bullied her, and encouraged her to build a relationship with convicted sex offender Jeffrey Epstein. The dispute has drawn widespread attention in the art world, with collector Sylvain Levy calling it a moment of reckoning for an industry built on trust and discretion.

Five art exhibitions to check out around Brookline this summer

Praise Shadows art gallery in Brookline's Coolidge Corner is among five venues offering free art exhibitions this summer. The gallery presents "Pigment Spells," a solo show by Boston-based artist and Boston University professor Lucy Kim, featuring resin casts of found objects covered in oil paint. Other exhibitions include David Weinberg's "Explorations" at Gallery 93 in the Brookline Senior Center, which combines photo montages with medieval manuscripts, and Gateway Arts' "Artists Assortment," a tribute to current and former artists with disabilities featuring celebrity portraits. The roundup also highlights the accessibility of these spaces, which welcome visitors without admission fees.