David Martinez
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For the Mexican race car driver, see David Martínez.
David Martinez is the managing partner of Fintech Advisory, a firm with offices in London and New York that specializes in buying and selling the debt of countries and corporations.
In 2004 Martinez set a record for the highest price paid for a residential property in Manhattan with his $54.7 million purchase of a penthouse apartment.[1] In 2006 he reportedly set another record for the highest price paid for a piece of art with the purchase of a Jackson Pollock painting from David Geffen. Pollock's painting "No. 5, 1948" sold for $140 million on 1 November 2006.[2] However, the auction expert Josh Baer indicated that Martinez was not the buyer of the painting.[1] In addition, Shearman & Sterling LLP issued a press release on behalf of its client, David Martinez, to announce that contrary to recent articles in the press, Mr Martinez does not own the painting or any rights to acquire it.[3] According to the newspaper of El Universal from Mexico City, Mr Martinez is from the north part of Mexico from Monterrey to be exact. Sources from the newspaper tell us that every year he goes to Monterrey to have dinner with his family that he supports sending them an allowance every month to his mother, and two sisters. He was one of the few people that worked on relieving Brazil's debt in 2004.
[edit] References
- ^ a b "Art Market Watch, Novemver 3, 2006".
- ^ "Pollock work 'earns record price'", BBC, November 2, 2006.
- ^ "The Week in Mexico".
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