🎨 Warhol's 'Marilyn' Sells for $195 Million

Today’s pick

Warhol's 'Marilyn' Sells for $195 Million, Shattering Auction Record for an American Artist. Maybe the image is not racy like the one of Marilyn Monroe with her dress flying up in the movie “ The Seven Year Itch, ” but on Monday night it became the priciest. In under four minutes of bidding, Andy Warhol's 1964 silk-screen of… (Robin Pogrebin / The New York Times)

New York Times Arts @nytimesarts

In under four minutes of bidding, Andy Warhol’s 1964 silk-screen “Shot Sage Blue Marilyn” sold for about $195 million at Christie’s in New York, making it the highest price achieved for any American work of art at auction.

nyti.msWarhol’s ‘Marilyn,’ at $195 Million, Shatters Auction Record for an American ArtistAt Christie’s sale for charity, the glamorous silk-screen beat out Basquiat’s skull painting that had set a record in 2017.

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Crypto's Audacious Algorithmic Stablecoin Experiment Crumbles. Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto. Instead, as investors in one such token are rapidly finding out, they can serve as lightning rods for… (Stacy-Marie Ishmael / Bloomberg)

Emily Nicolle @emilyjnicolle

algorithmic stablecoins use a combination of maths, traders, smart contracts and no small amount of faith to maintain their peg of 1:1 value to the dollar. but for Terra's UST, all of those avenues stopped working -- @s_m_i breaks down how it happened

bloomberg.comBloomberg - Are you a robot?

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Upstart Money Manager Gets Billionaires to Back the Anti-BlackRock. An upstart financial firm backed by Peter Thiel and Bill Ackman has a message for American corporations: Focus on making money, not taking stands. An upstart financial firm backed by Peter Thiel and Bill… (Liz Hoffman / Wall Street Journal)

Vivek Ramaswamy @VivekGRamaswamy

“Stakeholder capitalism” is the past. Excellence capitalism is the future. Let’s get started folks. wsj.com/articles/upsta…

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Clearview AI banned from selling its facial recognition software widely in the U.S. A company that gained notoriety for selling access to billions of facial photos, many culled from social media without the knowledge of the individuals depicted, faces major new restrictions to its… (Taylor Hatmaker / TechCrunch)

Zack Whittaker @zackwhittaker

Huge news: Controversial facial recognition firm Clearview AI has agreed to a settlement that will widely ban the company from selling or giving away access to its faces database to private companies and individuals in the U.S.

techcrunch.comClearview AI banned from selling software widely in the US – TechCrunchA company that gained notoriety for selling access to billions of facial photos, many culled from social media without the knowledge of the individuals depicted, faces major new restrictions to its controversial business model. On Monday, Clearview AI agreed to settle a 2020 lawsuit from the ACLU t…

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Apple is planning to shake up its massive Services business to push further into streaming and advertising. Apple vet Eddy Cue is reorganizing the management structure of its Services business, sources say. The company is pushing harder into areas including streaming and advertising. Cue is giving more responsibility to services VP Peter Stern and ads… (Claire Atkinson / Business Insider)

Claire Atkinson 🏴󠁧󠁢󠁥󠁮󠁧󠁿 @claireatki

SCOOP >>> New from me and @larakiara. Apple is planning to shake up its massive Services business to push further into streaming and advertising businessinsider.com/apple-shaking-… via @BusinessInsider

businessinsider.comApple is planning to shake up its massive Services business to push further into streaming and advertisingApple’s Services unit is already a multi-billion business under Eddy Cue. He’s positioning it for growth by rethinking how the units are managed.

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