Louise T. Blouin MacBain,
chairman of LTB Art Limited.
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."
