In the midst of a recent “boom” in art funds, The Art Newspaper looks back at André Level’s La Peau de l’Ours, a fund founded in 1904 that purchased works like Picasso’s Les Bateleurs and successfully sold them at markedly higher prices.  The fund was inspired by the 1903 Salon D’Automne, which greatly inspired Level.  “I had seen there the canvases that seemed to me, without the slightest doubt, the authentic art of our time and the near future,” he wrote.  “I believed in it; I had faith.”

Read more at The Art Newspaper

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