Russian art market analyst and investment banker Sergei Skaterschikov bargained with Milton Esterou, owning ARTnews in 1972, buying the magazine through an investment company Skate Capital

Russian art market analyst and investment banker Sergei Skaterschikov bought the world's oldest magazine about art - ARTnews, coming out in 1902 . During these years, reporters and editors of the magazine 45 times awarded for achievements in the field of reporting, criticism and design. Today ARTnews read 180,000 people in 123 countries around the world - collectors , dealers , historians , artists, curators , museum directors, entrepreneurs and art lovers . Magazine has decided to sell its permanent owner since 1972 Milton Esterou (Milton Esterow). The deal was concluded through an investment company Skatershchikova Skate Capital Corp., For an undisclosed amount .

Esterou Milton : " It was an honor to work in ARTnews, manage one of the most honored in the world of magazines . It was a wonderful , amazing journey of 41 years . I was fortunate to work with the great and good people. I met with talented artists , scholars , curators , collectors , dealers, and writers from many countries. I also met counterfeiters and fraudsters. As Noel Coward once said , " Work is more fun than fun itself ." Judy and I decided it was time to take on a new generation of ARTnews. We are pleased that in the future will lead Sergei Skaterschikov ARTnews and Skate Capital, they will develop it for publishing and digital lines on an international scale ».

Sergei Skaterschikov :" The media market is ready for an art large-scale changes : reduced advertising budgets in publications , news agencies about fashion and lifestyle invade the sphere of art and daily newspapers around the world make less specialized publications about art. Troubled Times . And I love it , I have grand plans for ARTnews, stay in touch ».

Prepared by Mary Onuchina , AI

Sources : galleristny.com , artdaily.com , artinvestment.ru