American billionaire takes over Artnews
16:20
American billionaire Peter M. Brant has aquired a PLN 64 million worth stake in Artnews, a publishing house focusing on the art market. The transaction is the highest value purchase on the NewConnect market.
"The new Artnews will become the biggest archive of resources related to the art market in the last 100 years, and will offer the most precise reports on classic art, modern art, contemporary art and ornamental art," said Peter M. Brant, an owner of BMP Media Holdings LLC and a main shareholder of Artnews.
Artnews also gained rights to issue the Interview magazine, an American periodical established by Andy Warhol and British journalist John Wilcock in 1969, it features interviews with famous artists, musicians and celebrities. The launch of the Polish, digital and printed version of the magazine will take place in the first quarter of 2016.
Izabela Depczyk will be the head of the company and the magazine. She will also be responsible for preparing Artnews to be traded on the German stock exchange in 2016.