Asher Edelman
Encyclopedia
Asher Edelman began his career on Wall Street
in 1961. In 1969 he formed Mack, Bushnell and Edelman where he was CEO. Edelman’s Wall Street businesses included Investment Banking
, Money Management
, and Derivatives Trading. In 1988, he taught a course called "Corporate Raiding - The Art of War" at Columbia Business School
, using as his textbook, Sun Tzu
's The Art of War
.
In 1988, he moved to Switzerland
and founded a contemporary art museum in Pully
, near Lausanne
. The FAE Musée d'Art Contemporain launched the first European retrospective exhibitions of Robert Mapplethorpe
, Jean-Michel Basquiat
, Roy Lichtenstein
, and Peter Halley
. It also was the first venue for “Post Human” an exhibition co-curated by Chantal Prod’hom of the FAE and Jeffrey Deitch.
In 2002, he created the company Edelman Arts Inc, a dealer in Impressionism
through Post War art, which also represents contemporary artists including Doug Argue, Yasmine Chatila, Cathy McClure and Christopher Winter.
Edelman is the founder and president of ArtAssure Ltd, LC, an art finance company created in 2010, which places art at auction, lends, purchases and guarantees the price of art at auction.
Edelman has served on many Boards of Trustees of art and educational institutions including past Chairman of the Board of Brooklyn Academy of Music
, Vice Chairman of American Ballet Theater, Vice Chairman of the Alvin Ailey Dance Theater, Chairman of the Karole Armitage Dance Group, board member of the Prix de Lausanne
, Gotham Chamber Opera
, and many others. He presently serves on the boards of The Studio School and Bard College
.
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
in 1961. In 1969 he formed Mack, Bushnell and Edelman where he was CEO. Edelman’s Wall Street businesses included Investment Banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, Money Management
Money Management
Money Management magazine is a monthly personal finance magazine and is published by the Financial Times Group. It was originally launched in 1962 as the Unitholder and later became a part of the FT Business stable...
, and Derivatives Trading. In 1988, he taught a course called "Corporate Raiding - The Art of War" at Columbia Business School
Columbia Business School
Columbia Business School is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students...
, using as his textbook, Sun Tzu
Sun Tzu
Sun Wu , style name Changqing , better known as Sun Tzu or Sunzi , was an ancient Chinese military general, strategist and philosopher who is traditionally believed, and who is most likely, to have authored The Art of War, an influential ancient Chinese book on military strategy...
's The Art of War
The Art of War
The Art of War is an ancient Chinese military treatise that is attributed to Sun Tzu , a high ranking military general and strategist during the late Spring and Autumn period...
.
In 1988, he moved to Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
and founded a contemporary art museum in Pully
Pully
Pully is a municipality in Switzerland in the canton of Vaud, located in the district of Lavaux-Oron.It is one of the eastern suburbs of the city of Lausanne, located on the shores of Lake Geneva and at the foot of the vineyards of Lavaux on the road to Vevey and Montreux.-Prehistory:In 1826 a...
, near Lausanne
Lausanne
Lausanne is a city in Romandy, the French-speaking part of Switzerland, and is the capital of the canton of Vaud. The seat of the district of Lausanne, the city is situated on the shores of Lake Geneva . It faces the French town of Évian-les-Bains, with the Jura mountains to its north-west...
. The FAE Musée d'Art Contemporain launched the first European retrospective exhibitions of Robert Mapplethorpe
Robert Mapplethorpe
Robert Mapplethorpe was an American photographer, known for his large-scale, highly stylized black and white portraits, photos of flowers and nude men...
, Jean-Michel Basquiat
Jean-Michel Basquiat
Jean-Michel Basquiat was an American artist. His career in art began as a graffiti artist in New York City in the late 1970s, and in the 1980s produced Neo-expressionist painting.-Early life:...
, Roy Lichtenstein
Roy Lichtenstein
Roy Lichtenstein was a prominent American pop artist. During the 1960s his paintings were exhibited at the Leo Castelli Gallery in New York City and along with Andy Warhol, Jasper Johns, James Rosenquist and others he became a leading figure in the new art movement...
, and Peter Halley
Peter Halley
-Early Life and Career:Halley first came to prominence as a result of the geometric paintings rendered in intense day-glo colours that he produced in the early 1980s. His practice as an artist is usually associated with minimalism, neo-geo, and neo-conceptualism...
. It also was the first venue for “Post Human” an exhibition co-curated by Chantal Prod’hom of the FAE and Jeffrey Deitch.
In 2002, he created the company Edelman Arts Inc, a dealer in Impressionism
Impressionism
Impressionism was a 19th-century art movement that originated with a group of Paris-based artists whose independent exhibitions brought them to prominence during the 1870s and 1880s...
through Post War art, which also represents contemporary artists including Doug Argue, Yasmine Chatila, Cathy McClure and Christopher Winter.
Edelman is the founder and president of ArtAssure Ltd, LC, an art finance company created in 2010, which places art at auction, lends, purchases and guarantees the price of art at auction.
Edelman has served on many Boards of Trustees of art and educational institutions including past Chairman of the Board of Brooklyn Academy of Music
Brooklyn Academy of Music
Brooklyn Academy of Music is a major performing arts venue in Brooklyn, a borough of New York City, United States, known as a center for progressive and avant garde performance....
, Vice Chairman of American Ballet Theater, Vice Chairman of the Alvin Ailey Dance Theater, Chairman of the Karole Armitage Dance Group, board member of the Prix de Lausanne
Prix de Lausanne
The Prix de Lausanne is an International dance competition held annually in Lausanne, Switzerland. The competition is for young dancers seeking to pursue a professional career in classical ballet, and many former prize winners of the competition are now leading stars with major ballet companies...
, Gotham Chamber Opera
Gotham Chamber Opera
Gotham Chamber Opera is a professional opera company located in New York City, New York, and is a member of Opera America. The company specializes in producing rarely performed chamber operas from the Baroque era to the present. The company was founded in 2000 under the name of the Henry Street...
, and many others. He presently serves on the boards of The Studio School and Bard College
Bard College
Bard College, founded in 1860 as "St. Stephen's College", is a small four-year liberal arts college located in Annandale-on-Hudson, New York.-Location:...
.
See also
- ArbitrageArbitrageIn economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices...
- Art financeArt financeArt finance and Art finance advisory are terms referring to a set of financial services provided by some auction houses, banks, and consulting firms, and marketed to such firms' clients who are art collectors or artists.-Generally:...
- Hedge fundHedge fundA hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
- Private equityPrivate equityPrivate equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
- Leveraged buyoutLeveraged buyoutA leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
External links
- Official Asher Edelman Blog
- Edelman Arts Gallery (requires Flash playerAdobe FlashAdobe Flash is a multimedia platform used to add animation, video, and interactivity to web pages. Flash is frequently used for advertisements, games and flash animations for broadcast...
) - Art Assure Ltd
- Henkel, Christiane (2010-06-28), Of Wars and Culture: How Corporate Raider Asher Edelman became an art dealer and financier. NZZ (CH - English translation can be found here).
- Yoon, Al (2010-05-18), Art Comes of Age as an Investment for the Rich and Famous. ArtDaily.
- Crow, Kelly (2010-02-05), The Art World's Gordon Gekko. The Wall Street Journal.
- FOX Business News (2010-03-02), Top Five Artists to Invest In (video).
- Harris, Patty (October 2008), Asher Edelman Interview. Whitehot Magazine.
- Azimi, Roxana (2008-10-03), Asher Edelman, galeriste et collectionneur. Le Journal des Arts, no. 288.
- Douglas, Sarah (August 2008), Asher Edelman. Art + Auction.
- Haden-Guest, Anthony (2007-05-26), More Than Just A Raider's Gallery. Financial Times.
- CNBC, The Strategy Session (2010-11-23), The Original Corporate Raider (video).