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Art Market

The Returns On Capital At Artmarket.com (EPA:PRC) Don’t Inspire Confidence

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Source: Simplywall

What are the early trends we should look for to identify a stock that could multiply in value over the long term? Amongst other things, we’ll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company’s amount of capital employed. If you see this, it typically means it’s a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at Artmarket.com (EPA:PRC) and its ROCE trend, we weren’t exactly thrilled.

Return On Capital Employed (ROCE): What Is It?

Just to clarify if you’re unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Artmarket.com is:

Read more: https://simplywall.st/stocks/fr/media/epa-prc/artmarketcom-shares/news/the-returns-on-capital-at-artmarketcom-epaprc-dont-inspire-c

Art Market

Art Market Seeks Its Footing After Stumbling Sales and a Hack at Christie’s

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Source: The New York Times

Estimates are still soaring past the $20 million mark and canvases still bear the signatures of dependable ringers like Warhol, Basquiat and Picasso. But there is a shadow looming over the spring auction season that begins Monday.

A cyberattack at Christie’s brought down the company’s website on Thursday, and as of Sunday morning, Christie’s had not yet regained control of it. On Sunday evening, in his first public statement since the cyberattack, Guillaume Cerutti, the chief executive of Christie’s, confirmed that eight auctions would proceed as scheduled, with bidding in person and by phone (the rare watches sale has been postponed until May 14). A place-holder website was set up allowing access to the digital catalogs, but did not allow online bidding. With the site down and questions still unanswered about the fate of confidential data, analysts are uncertain about the impact on buyers and sellers.

Read more: https://www.nytimes.com/2024/05/12/arts/design/will-auctions-revive-art-market.html

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Art Market

Art Market Seeks Its Footing After Stumbling Sales and a Hack at Christie’s

Published

on

Source: The Newyork Times

Estimates are still soaring past the $20 million mark and canvases still bear the signatures of dependable ringers like Warhol, Basquiat and Picasso. But there is a shadow looming over the spring auction season that begins Monday.

A cyberattack at Christie’s brought down the company’s website on Thursday, and as of Sunday morning, Christie’s had not yet regained control of it. On Sunday evening, in his first public statement since the cyberattack, Guillaume Cerutti, the chief executive of Christie’s, confirmed that eight auctions would proceed as scheduled, with bidding in person and by phone (the rare watches sale has been postponed until May 14). A place-holder website was set up allowing access to the digital catalogs, but did not allow online bidding. With the site down and questions still unanswered about the fate of confidential data, analysts are uncertain about the impact on buyers and sellers.

Read more: https://www.nytimes.com/2024/05/12/arts/design/will-auctions-revive-art-market.html

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Art Market

INSIDE THE HOLY SEE PAVILION AT THE VENICE BIENNALE, WHERE PRISON IS NO LONGER A PLACE SEPARATED FROM THE WORLD

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Source: elledecor

Whoever has the chance to visit the Holy See Pavilion — and we highly recommend you do — a surprise among surprises at the 60th Venice Biennale of Art, on until November 24, will walk away with a heavy, meaningful and necessary emotional baggage.

There in that long strip of land gazing at the postcard city from afar while still part of it, with iconic and legendary locales — including the headquarters of Fortuny, Molino Stucky, Harry’s Dolci overlooking the Zattere, the Belmond Cipriani and its Cip’s restaurant looking out over St. Mark’s, Punta della Dogana and the island of San Giorgio — the city “is called to be a sign of beauty available to all, starting with the last, a sign of fraternity and care for our common home,” explains the Pope. “A land that makes brothers and sisters.”

Read more: https://www.elledecor.com/it/best-of/a60727360/venice-biennale-2024-holy-see-pavilion/

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