Pete Ippel Attains One Million Dollar Valuation and Files Registration Statement with the SEC for an Initial Portfolio Offering

VENTURA, Calif. – April 01, 2010 -After numerous talks with financial advisers, Pete Ippel has opted for an Initial Portfolio Offering.

Ippel announced today that he has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of his Class A common art. A portion of the art will be issued and sold by Ippel, and a portion will be sold by certain stockholders in Ippel.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Pete Ippel Million Dollar IPO

Pete Ippel Million Dollar IPO

Hirst hopes to revolutionise art market with ‘Golden Calf’

Hirst hopes to revolutionise art market with ‘Golden Calf’ – News, Art & Architecture – The Independent

a collection of previously unseen work by Damien Hirst that will be auctioned off this summer in a move that could revolutionise the sale of contemporary art.

A living artist has never before put a collection of brand new work straight on to the open market. Such pieces are usually sold through galleries and art dealers, usually to buyers who are known to them.

This method gives more control to the artist and opens up the sale to a much wider group of prospective buyers. Yesterday, art experts were predicting that the auction – the highlight of which is the gold calf, Hirst’s largest ever formaldehyde work – could mark a turning point in the way artists sell their work. Indeed, Hirst himself hinted that “the world’s changing – ultimately I need to see where this road leads”, adding that such an auction “[felt] like a natural evolution for contemporary art”.

GAAA! 12 million pounds to a single artist…how does Hirst get that market up so high? A true artrockstar, oh how I want to play these games…How about the goal of making the worlds most expensive piece of art…100 million dollars for the platinum skull covered in diamonds? Is it the fact that it’s produced by Hirst, the fact that it’s got material (diamonds and platinum) worth, or branding and marketing, a status symbol to own the most expensive and luxurious object…or is it as Tom Marioni has defined the artist as an individual “getting away with something”?