- The Art World’s Gordon Gekko
- Goldman Sachs plays key role in rescue
- London Mayor: Seeing No Stampede Of Bankers From London
The Art World’s Gordon Gekko - Wall Street Journal
Just before the country’s most prestigious art fair, Art Basel Miami Beach, opened in December, an energetic 70-year-old man named Asher Edelman marched through the local convention center to the booth of a Zurich gallery. He was accompanied by a dozen U.S. marshals. As onlookers whispered, the marshals seized four paintings by Yves Klein, Fernand Léger, Joan Miró and a racetrack scene by Edgar Degas worth around $15 million.Mr. Edelman goes to great lengths to protect his art interests. He had gotten a federal court order to confiscate the Zurich gallery’s inventory as potential compensation for a $750,000 Robert Ryman painting that the gallery, called Gmurzynska, had borrowed from him and, he says, accidentally damaged months earlier……Mr. Edelman, the former corporate raider who helped inspire the character of Gordon Gekko in the 1987 film “Wall Street,” has taken up a new position: art financier. After navigating the art world for decades as a collector, museum director and gallery owner, Mr. Edelman recently set up his own firm, Art Assured Ltd., to arrange art investments…..
Goldman Sachs plays key role in rescue - Financial Times
A team from Goldman Sachs was in Athens yesterday shepherding representatives of Paulson, the US hedge fund, around meetings with local bankers, economists and analysts.The client visit, the second to Athens this month arranged by the US investment bank, highlights a deepening involvement with Greece’s socialist government as it desperately tries to shore up the public finances and avoid default – and comes after the Financial Times reported this week that the bank was mooting a controversial debt deal with China.Goldman has not been given an official mandate by the government, but it is playing a large role in the rescue effort. Last year it took George Papaconstantinou, the finance minister, on his first roadshow to London and Frankfurt, along with Deutsche Bank…..
London Mayor: Seeing No Stampede Of Bankers From London - Dow Jones
…”Of course I am apprehnsive when I am told of the movement,” of bankers from London, Johnson told Bloomberg television, speaking on the sidelines of the World Economic Forum in Davos.“But I don’t yet see the stampede. I think for the foreseeable future, London is going to be the place that these guys are going to want to do business,” he said.
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