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British photographer Rankin’s advertising agency files for bankruptcy amid tough 'shift in the creative landscape'

The Art Newspaper

Rankin, who has photographed David Bowie and Queen Elizabeth II among others, says the last two years have been "massively challenging" due to reduced budgets and losing work to programmatic and AI-based solutions

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Three months after shutting down, Philadelphia’s University of the Arts files for bankruptcy

The Art Newspaper

The university’s leaders still face a host of legal disputes, but the filing may allow them to liquidate real estate holdings that have been valued at $87m

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Three months after shutting down, Philadelphia’s University of the Arts files for bankruptcy

The Art Newspaper

The university’s leaders still face a host of legal disputes, but the filing may allow them to liquidate real estate holdings that have been valued at $87m

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Munich’s Blue-Chip Galerie Thomas Files for Bankruptcy

Artnet News

The post Munich’s Blue-Chip Galerie Thomas Files for Bankruptcy appeared first on Artnet News. The 60-year-old firm was a regular at prestigious international art fairs.

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Disgraced adviser Lisa Schiff's art holdings planned for auction at Phillips starting in November

The Art Newspaper

Bankruptcy trustees have proposed selling hundreds of works through the auction house, with hopes to recover up to $2m

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Art Dealer Found Guilty of Embezzlement

Maine Antique Digest

Chrismas, 80, of Los Angeles, was found guilty by a jury May 31 of embezzling more than $260,000 from the bankruptcy estate of Ace Gallery Los Angeles, an art gallery located in Beverly Hills and Los Angeles, while acting as the estate’s trustee and custodian. Art dealer Douglas J.

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Valuation: The Pillar of Corporate Restructuring

DailyDAC

Bankruptcy valuation of a debtor plays an integral part in bankruptcy, from debtor-in-possession financing, confirmation and how much creditors are paid. The post Valuation: The Pillar of Corporate Restructuring appeared first on DailyDAC.