Taken from artnet News article ‘Top Stories in Art and Real Estate in 2016‘:
“There’s a very real and exciting shift taking place,” said Ali Ebrahimi, a luxury real estate broker with Douglas Elliman, who, with his team, has sold over $1.5 billion in real estate. As the founder of artREAL, an art and real estate company, Ebrahimi sees the shift happening first-hand. “Developers and some savvy brokers are finally acknowledging the move toward art-centric real estate,” he told artnet News.”
“Ebrahimi recently partnered with Helen Toomer of PULSE Contemporary Art Fair in New York to host an intimate art event in a Greenwich Village penthouse, which was on the market for $27 million. He said, “the developer loved the idea and donated the space for the event, knowing the value of having high-profile members of the art world and media in attendance at the property. And of course, the event benefited from using the property free of charge.”
Read the full article on artnet News.