A $2 million painting by Ellsworth Kelly and five light holograms by James Turrell, priced at $100,000 apiece, were among the first artworks snapped up by collectors at the opening of the Art Show in Manhattan.
Marcato Capital Management LLC, the $2.7 billion activist hedge-fund firm run by Mick McGuire, plans to vote in support of Third Point LLC’s nominees for the Sotheby’s board, according to a person familiar with the matter.
Vueling Airlines SA, the Spanish low-cost unit of International Consolidated Airlines Group, is building up base in Rome to exploit demand for flights from the Italian capital to destinations including Munich and Brussels.
Options tied to gains in the benchmark gauge for American stock volatility reached the highest prices in six years last week, reflecting bets that the calm prevailing in equities for the last year won’t last.
Daniel Loeb, whose Third Point LLC is increasing pressure on Sotheby’s by proposing three directors to the board, said he’s willing to work with Chief Executive Officer William Ruprecht and senior management.
Composting, farming, and exercising the legal right to get married all improve urban life, according to guests from Harlem to Park Slope who gathered at last night’s benefit for the Citizens Committee for New York City.