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The Biennale in Venice is now partially quietened down thanks to the EUR 5 entrance fee that the lagoon city demands from every day tourist. Those staying overnight are exempt. Digital verification works. Unlike the AVM - where you can also buy your tickets for the vaporetti online. The only annoying thing is that no barrier opens when you hold the barcode in front of ... read more
It's now open - the 60th Venice Biennale and Stefan Kobel doesn't have much to say about it because it's officially an art event and not an art market event. Is that why there were hardly any gallery owners travelling? Apart from the many who happened to be there? Next weekend we will know the auction result of the Klimt painting from Vienna and in ... read more
There are days when you don't know whether it's even worth commenting on what's happening. That was the case after 24 February 2022, when Russia tried to take over Ukraine by military means against all international law; it was the case on 7 October last year, when Hamas attacked, raped, slaughtered or took hostages of peacefully celebrating people in Israel; and it has been the ... read more
A container ship hits a bridge pier at the harbour exit of Baltimore and a connection collapses, burying 6 people underneath and the insurance industry is thinking of USD 2 - 3 billion in insured losses. 10 days later, the earth shakes in Taiwan, a country with a very high insurance density (in other words: a lot of insurance is purchased) and there is talk ... read more
Easter passed without any major disasters. Only Mr Erdogan is surprised by the election results in Istanbul and Ankara, where the opposition won, as elsewhere in the country. But will that change anything? Art Basel came to an end in Hong Kong. All the big names in the art trade were represented, although not always by their owners on site. Politically critical works were rather ... read more
We all know that bureaucracy paralyses us, which is why we have happily voted for every party that has written bureaucracy reduction on its banner. In Germany, a coalition of do-gooders with little economic expertise is now working on making things leaner - with the interesting aspect that the number of people employed in the public sector is constantly increasing and further restricting the room ... read more