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Artdaily - The First Art Newspaper on the Net

The First Art Newspaper on the Net

MAHÓN
(NYT NEWS SERVICE)
.- As the total wealth held by billionaires hits a high of more than $10 trillion, it is also an epic time for luxury lifestyle tourism. Only days after Virgin Galactic launched Richard Branson into interstellar travel, an unlikely art center was inaugurated Saturday on the Spanish islet of Isla del Rey off Menorca gathering contemporary art lovers to celebrate the latest project by the Swiss-owned art dealership Hauser & Wirth. While the small island, abandoned in the 1960s after serving as the site of a military hospital, is not the kind of place that traditionally attracts wealthy collectors, Hauser & Wirth is determined to change this. The international mega-gallery has been fast expanding its core business by also offering its clientele the kind of lifestyle experience that comes from visiting a remote, unique location. Dominated by its 18th-century hospital, the islet stands in the middle of t ....

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Here's how bored rich people are spending their extra cash

Here's how bored rich people are spending their extra cash
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

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