Leon Black’s Phaidon Said to Be in Talks to Buy Artspace
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Billionaire Leon Black’s art publisher Phaidon Press is said to be in talks to acquire Artspace.com as the race to join the online art market heats up, according to a person familiar with the matter.
The deal is expected to be finalized by the end of the week, said the person, who asked not to be named because the information is private. Artspace.com is an Internet startup that sells works by contemporary artists for as little as $10.