315:. Edelman claimed that the Gmurzynska had disputed the case and had instructed its own insurer not to pay. XL Specialty Insurance made Edelman its assignee, and he then sued the gallery for $ 750,000 plus a further $ 250,000 for "willful conduct of defendant" and "reprehensible motives and such wanton dishonesty as to imply a criminal indifference to civil obligations." In October 2009 a New York district court awarded a judgement of $ 767,438 against the gallery. Using a writ of execution for an unanswered lawsuit, Edelman arranged for the
339:
at a discounted price of €350 million. The sale was contingent on the purchase being made through
Artmentum for confidentiality. After several months of negotiations, Artmentum failed to provide evidence that they were authorised to sell the collection. The claim for $ 204 million was brought before a judge in a New York court. The claim was dismissed on the grounds that Artmentum was a Swiss company, with few commercial activities in the US, and therefore the case was outside the jurisdiction of the court.
970:
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the technicality that the plaintiff no longer had standing as a limited partner by reason of having agreed to an oral contract alleged by
Edelman to purchase the interest of the limited partner in the partnership. However, the decision of the court did result in a final judgment against Edelman of about $ 250,000 and accruing interest.
338:
In
February 2014 Edelman's company ArtAssure sued the Swiss company Artmentum for breach of contract and allegedly fraudulent representations. ArtAssure were offered a collection of over 100 paintings from the 19th and 20th centuries, supposed to have been in the ownership of Hiroshima Bank of Japan,
319:
to confiscate some of the gallery's works at the opening of the Art Basel Miami Beach fair. Marshals removed four paintings which
Edelman valued at $ 6 million. The gallery denied instructing its insurer to withhold payment and claimed that they had no knowledge of the judgement; they paid up and the
310:
for exhibition at Art Basel Miami Beach. After its return, the painting was sent to a dealer in New York for consignment, but was found to be damaged. According to
Edelman, the painting had a "big gouge", rendering the artwork "a total loss". The painting had been insured for $ 750,000 with Edelman's
342:
In April 2011, Edelman was sued by a limited partner of his in an investment vehicle, Museum
Partners LP, of which Edelman was the general partner. This lawsuit was primarily for breach of fiduciary duty and called for very substantial reparations. This suit was ultimately dismissed by the court on
351:
Edelman has been married four times. His first wife was
English-born Antonia Patricia Simpson (married 1964), the daughter of Gerald Gordon Simpson, British deputy consul general in New York. His second wife was Penelope Cox Edelman; they had three children: Danielle, Lisa, and Alexandra, before
785:
But after
Edelman sought a divorce so that he could marry his Brazilian mistress, the tenor of the relationship turned downright arctic, according to Edelman's former major-domo, or household manager, Desmond Atholl. Before the divorce became finalized, Asher and Penny spent one last Christmas
143:
and in 1961, he went to work for Halle and
Stieglitz where he focused on option arbitrage and became the youngest (24 years old) New York Stock Exchange approved office manager. He founded Mack, Bushnell & Edelman in 1969, and served as CEO. Edelman's Wall Street businesses included
394:
352:
divorcing. His third wife was
Brazilian-born Maria Regina Leal Costa Mayall Edelman (married 1987 - divorced 2000). His fourth wife is Michelle Vrebalovic Edelman. His son Christopher (born 1999) is a music producer.
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233:
Edelman is the founder and president of ArtAssure Ltd., an art finance firm founded in 2010, which places art at auction, lends, purchases and guarantees the price of art at auction.
31:
1103:
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In 2014, he launched Artemus, an art leasing business. Artemus buys art from owners and then leases it back, typically for seven years. The other shareholders in Artemus are the
911:
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Sisters Danielle and Lisa Edelman held each other as they stared at the Threads of Life quilt on display at The Community Library Children's Library in Ketchum
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775:"Financier and art collector Asher Edelman and his now ex-wife, Penny, maintained a cordial but chilly relationship during the last years of their marriage"
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Edelman has served on many boards of trustees of art and educational institutions including past chairman of the board of
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335:. Edelmann sold the sculpture and paid the debt plus $ 1.1 million in court judgements. He then sued Emigrant for fraud.
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207:. It also was the first venue for "Post Human" an exhibition co-curated by Chantal Prod'hom of the FAE and
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755:"Antonia Simpson Engaged to Wed Asher Edelman; Former Corcoran Art School Student to Be Married to Broker"
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817:"Terrebonne man sentenced to 10 years for baby's death. Mother calls Nilles 'a dangerous human being'"
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869:"Our son Christopher "GEKKO" has produced his first album with "MAR$ " the hip-hop rapper performer"
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191:. The FAE Musée d'Art Contemporain launched the first European retrospective exhibitions of
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Edelman was the son of New York real estate investor, Richard M. Edelman. He graduated from
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596:"Asher Edelman, 'The Art World's Gordon Gekko,' Endorses Bernie Sanders's Economic Plans"
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836:"'He was a miracle to begin with' Quilt builds awareness about donating organs"
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156:. In 1988, he taught a course called "Corporate Raiding – The Art of War" at
505:
128:
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over $ 3 million of loans. Collateral on the loans included a sculpture by
218:
through post war art, which also represents contemporary artists including
183:
In 1988, he moved to Switzerland and founded a contemporary art museum in
680:"Scammed?: Asher Edelman, the Art World's "Gordon Gekko," Sues for Fraud"
188:
161:
395:"NYS Department of State Division of Corporations Entity Information"
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707:"ArtAssure v. Artmentum case dismissed due to jurisdiction of court"
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In 2002, he created the company Edelman Arts Inc., a dealer in
884:
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Whyte, Alasdair, Private Art Investor, November 11, 2014, "
267:, and many others. He presently serves on the board of
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together in Sun Valley for the sake of their children.
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Sandler, Linda, Bloomberg News, January 16, 2008, "
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370:"Private Sector; An Outsider Takes On the Swiss"
987:History of private equity and venture capital
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415:"A Golden Boy's Woe: 'I'm Virtually a Slave'"
8:
1104:Private equity and venture capital investors
423:. Retrieved October 12, 2010. Archived from
282:as the next US president citing the falling
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574:"Asher Edelman Interview (video) - CNBC"
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127:(born November 26, 1939) is an American
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557:: CS1 maint: archived copy as title (
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320:paintings were returned to the stand.
852:Maneker, Marion (September 3, 2009).
286:and Sanders' platform of stimulative
7:
413:Behar, Richard (December 11, 1989).
1074:American expatriates in Switzerland
705:Whyte, Alasdair (6 November 2014).
278:on March 9, 2016, Edelman endorsed
14:
1064:Businesspeople from New York City
594:Boucher, Brian (March 11, 2016).
506:"Asher Edelman Interview (video)"
302:, a painting by American painter
259:Dance Group, board member of the
968:
867:Edelman, Asher (June 22, 2017).
667:from the original on 2015-09-16.
655:"Bloomberg Politics - Bloomberg"
992:Early history of private equity
368:Tagliabue, John (8 July 2001).
799:"Maxwell William Murphy Moore"
240:and Armory Merchant Holdings.
180:was based in part on Edelman.
104:Maria Regina Leal Costa Mayall
1:
834:Dugan, Dana (May 10, 2006).
323:In 2010 Edelman was sued by
1007:Private equity in the 2000s
1002:Private equity in the 1990s
997:Private equity in the 1980s
854:"Ex-Mrs. Edelman Downsizes"
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1114:21st-century American Jews
1084:20th-century American Jews
838:. Idaho Mountain Express.
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253:Alvin Ailey Dance Theater
245:Brooklyn Academy of Music
28:
1023:Private equity investors
743:iApps.courts.state.ny.us
732:iApps.courts.state.ny.us
563:", Retrieved 2014-11-12.
495:", Retrieved 2010-10-12.
469:"Post Human - Flash Art"
160:, using as his textbook
158:Columbia Business School
98:Antonia Patricia Simpson
35:Asher Edelman, 1993, by
298:In 2007 Edelman loaned
251:, vice chairman of the
249:American Ballet Theatre
87:Investor, art collector
713:. Private Art Investor
711:privateartinvestor.com
313:XL Specialty Insurance
856:. Art Market Monitor.
325:Emigrant Savings Bank
306:, to the Swiss-based
274:In an interview with
1099:American art dealers
783:. October 20, 1992.
678:Jovanovic, Rozalia.
265:Gotham Chamber Opera
197:Jean-Michel Basquiat
1109:Bard College alumni
1069:American financiers
1028:Venture capitalists
933:Investment strategy
871:. asheredelman.com.
821:The Bulletin (Bend)
803:The Bulletin (Bend)
780:New York Daily News
317:US Marshals Service
247:, vice chairman of
222:, Yasmine Chatila,
193:Robert Mapplethorpe
170:. The character of
154:derivatives trading
125:Asher Barry Edelman
107:Michelle Vrebalovic
1079:American investors
805:. January 9, 2006.
763:. October 9, 1964.
760:The New York Times
374:The New York Times
329:Alberto Giacometti
308:Galerie Gmurzynska
255:, chairman of the
238:Durst Organization
228:Christopher Winter
146:investment banking
16:American financier
1089:Corporate raiders
1041:
1040:
1033:Corporate raiders
823:. April 21, 2007.
684:blouinartinfo.com
633:blouinartinfo.com
284:velocity of money
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60:New York City, US
54:November 26, 1939
37:Erling Mandelmann
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261:Prix de Lausanne
201:Roy Lichtenstein
150:money management
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333:Torse de Femme
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280:Bernie Sanders
209:Jeffrey Deitch
167:The Art of War
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715:. Retrieved
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538:the original
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516:. Retrieved
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451:. Retrieved
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425:the original
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398:. Retrieved
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304:Robert Ryman
299:
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269:Bard College
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205:Peter Halley
182:
175:
172:Gordon Gekko
165:
141:Bard College
138:
124:
123:
101:Penelope Cox
78:Bard College
1054:1939 births
960:Secondaries
600:artnet news
177:Wall Street
66:Nationality
1048:Categories
544:2014-11-12
518:2010-10-12
479:2010-10-12
400:2010-10-12
220:Doug Argue
50:1939-11-26
955:Mezzanine
927:investors
717:3 October
690:3 October
639:1 October
453:2 October
379:1 October
311:insurer,
300:Courier 1
135:Biography
129:financier
74:Education
665:Archived
579:March 9,
553:cite web
294:Disputes
189:Lausanne
115:Children
979:History
945:Venture
187:, near
162:Sun Tzu
92:Spouses
950:Growth
940:Buyout
605:May 1,
448:Forbes
203:, and
152:, and
356:Notes
185:Pully
923:and
719:2015
692:2015
641:2015
607:2023
581:2016
559:link
455:2015
420:Time
381:2015
276:CNBC
226:and
44:Born
174:in
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