On Tuesday in New York, modern art collectors will get the chance to spend tens of millions dollars on paintings such as Gerhard Richter’s “Abstraktes Bild (712)”, which is on sale with an estimated value of between $22m and $28m. Will the painting, which was sold 18 months ago at Sotheby’s for only $17.5m, set a new record for the German artist? It may be difficult to tell.
Apparently size matters in assessing business culture. The latest Populus opinion poll for the FT says 61 per cent of British voters want the party that wins the next election to be tougher on “big business”.
This result raises all sorts of questions – and not only for the political parties, which appear to be drawing up the battle-lines over how to treat business. With British elections one year away, it underlines, for example, that companies need to recalibrate their strategies to deal with political risk on the home front. It also makes me wonder how British people, let alone their elected representatives, define “big business”. Read more