Published: March 25, 2003
LTB Art Limited Acquires Art & Auction Magazine
NEW YORK CITY — On March 20, LTB Art Limited, a company controlled by Louise T. Blouin MacBain, announced that it has agreed to acquire Art & Auction Magazine from LVMH Moët Hennessey Louis Vuitton. Terms of the deal were not disclosed.
MacBain, chairman of LTB Art Limited, was founder and CEO of Trader Media, a leading international publisher for classified advertising present in 20 countries with more than 300 print titles and some 60 internet sites. MacBain also served as CEO of Phillips, de Pury & Luxembourg auctioneers. In addition to her expertise as a publisher, MacBain is also a passionate collector of art in many fields.
“Art & Auction has been the standard for quality information on the art market for 25 years,” said MacBain. “In the next several months we will be making further announcements regarding Art & Auction’s initiatives, both at the magazine itself and in the creation of an integrated art information company.
“Plans include the redesign of Art & Auction and an expansion of its editorial focus,” MacBain continued. “This will enable the publication to broaden its appeal to high-end art collectors. Also, we see the authoritative and trusted Art & Auction brand as the keystone for developing a group of new editorial products that will provide greater art market data, trend analysis and other important financial and investment information to the full range of today’s buyers.”
Bruce Wolmer, who will continue his role as publisher and editor-in-chief of Art & Auction, a position he has held since 1996, said, “This exciting change of ownership will allow the magazine to achieve its fullest potential and attract a broader international audience.”
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