Arts & Finance, Worlds Apart or Twin Galaxies?

INSEAD Private Equity Club (iPEC)
Art & Finance – Worlds Apart or Twin Galaxies?
Thursday, 17 October 2013 18:30 – 21:00, Geneva
On behalf of the INSEAD Private Equity Club (iPEC), it is our pleasure to invite you to a panel discussion followed by a networking cocktail. (Image source: Christie’s)


Art & Finance – Worlds Apart or Twin Galaxies?
Thursday, 17 October 2013 18:30 – 21:00
Registration: 18:00 – 18:30
Panel Discussion: 18:30 sharp – 19:30
Apéro: 19:30 – 21:00
Panel Discussion followed by Networking Apéro
Edward Mitterrand, Founder, Mitterrand + Cramer, Geneva
Eric Valdieu, Founder, Valdieu Fine Art (ex-VP, Christies, Geneva)
Mahyar Makhzani, MD, Sciens Diamond Management
Frederic Dawance, Lombard Odier & Cie (moderator)
CHF 50 for INSEAD Alumni, CHF 75 for Guests
11, Quai du Mont-Blanc
CH 1211 GENEVE 1
Why did a billionaire New York Hedge Fund manager [1] pay $12mil for the decaying, stuffed carcass of a shark (by Damien Hirst)?  By what alchemy does Jackson Pollock’s No. 5, 1948 sell for $140 million?
“The art world feels like the private equity market of the ’80s and the hedge funds of the ’90s,” a New York collector and financier said recently. “It’s got practically no oversight or regulation.”
Art sales, transacted just in New York galleries and auctions alone, are estimated at $8 billion a year, which has more than doubled over the last two decades. Should art be treated as a commodity and thus be subjected to further scrutiny and market regulation? Is art an asset class? Why do or should people invest in art? What is the art of investing in art when the rewards aren’t always financial? Are auction houses aspiring to become private banks?
These are the questions that will be discussed and debated on this panel that will provide highly engaging insights into a defining cultural and economical phenomenon of our times.
iPEC provides a global forum for the more than 1,000 INSEAD Alumni working in venture capital and private equity. iPEC’s goal is to reinforce the links between our community and INSEAD, and to increase the school’s visibility in the private equity industry.
Everyone must register and pay online, no cash will be accepted on the day of event.
Please register by 7 October at the latest as space is limited.
For more information please contact Pan Pan ([email protected]) or Roman Pelka ([email protected])

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