Skate Capital Sells Art Media Assets to Abbey House Group – artmarketblog.com

sergey skaterschikov31 213x300 Skate Capital Sells Art Media Assets to Abbey House Group   artmarketblog.comRussia-born investor and entrepreneur Sergey Skaterschikov, founder of Skate’s Art Market Research, has sold all of his media assets to Warsaw, Poland listed auction house and art media group Abbey House Group S.A.

The sale included 100% of Skates LLC as well as the 5.68% of artnet AG which was acquired by Mr Skaterschikov’s holding company, Skate Capital, in December 2013.

Mr Skaterschikov will have no role in Abbey House Group going forward other than to provide support to the company’s young and talented management team.

Not included in the sale was the minority investment in New York-based online art auction platform Paddle8 made by Skate Capital in 2013. Mr Skaterschikov remains a Non-Executive Member of the Paddle8 Board of Directors.

Founded in 2004, Skate’s Art Market Research progressed to become one of the world’s most respected and influential art investment research and investment companies. In 2010 Skate’s Art Market Research joined with BMP’s, Brant Art Media to form a new venture, Skate’s LLC.

**Nicholas Forrest is a Sydney/London based art market analyst, art consultant and writer.  He is the founder of the Art Market Blog (artmarketblog.com) which offers independent commentaries as well as research and analysis on the current art market, and has recently been published in Fabrik magazine, Verve magazine, Visual Art Beat magazine, Australian Art Collector magazine, Art & Investment magazine and many others.  Nic has made several radio appearances (both nationally and internationally) as an art market expert and has received press from the likes of the New York Times, Conde Nast Portfolio and Times of London.

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