How NADA is Cultivating the Next Generation of Collectors Through Salons

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The New Art Dealers Alliance (NADA) has launched a new initiative called NADA Collects, a series of salons and educational events designed to demystify the art-buying process. Through gallery walks, dinners, and informal Q&A sessions, the program addresses the intimidation factor that often prevents potential buyers from entering the contemporary art market. By fostering a space where "no question is too dumb," NADA aims to bridge the gap between galleries and a new generation of collectors who may feel alienated by the perceived elitism of the art world.

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The National Museum of Korea faces backlash after posting a photo of its director Yoo Hong-jun with Bang Si-hyuk, a music executive under criminal investigation for alleged stock fraud. Separately, WhatsApp cofounder Jan Koum has filed a lawsuit against interior designer Remi Tessier, accusing him of inflating prices and secretly receiving a $600,000 commission on a $7.8 million Picasso painting. The article also reports on Sotheby's appointing Evelyn Lin as Asia chairman of modern and contemporary art, and explores why younger collectors are increasingly buying Old Masters, with Frieze Masters director Emanuela Tarizzo attributing the trend to a generational wealth transfer from Boomers to Millennials.