An article on Bloomberg.com reports that collector and billionaire Leon Black is in talks to purchase Artspace through Phaidon Press, the publishing company he bought in 2012. Artspace has been in the news recently for its lower-than-expected sales figures, especially compared to its early success in fundraising. Previous reports indicated that the online auction site Auctionata was a prime contender to acquire Artspace but the Bloomberg article suggests that a deal between Black’s Phaidon Press and Artspace could be signed by the end of the week. 

Read more at Bloomberg.com

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