ART MARKET WATCH
Apr. 6, 2007PLUMMER LAUNCHING NEW ART FUND
A touch of bad luck with an art-investment fund isn’t stopping Michael J. Plummer. A 15-year veteran of Sotheby’s auction house, Plummer signed on in 2003 as CEO of Fernwood Art Investments, which boasted it would convert art into an investible for the world’s super-rich [see Artnet News, July 22, 2004]. But Fernwood is now out of business, and its founder, former Merrill Lynch executive Bruce D. Taub, is being pursued through the courts by angry investors.
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