Oatly stumbles, Christmas and Star Trek fans of art collectors against Paramount More

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Picture of the week: Oh, Vienna

This image of the annual Christmas market in front of Vienna’s town hall is festive in every way: the arch of lights, the Frohe Weihnachten sign, the neo-Gothic architecture, the advertisement for the new album of Adele (it’s in there, to the left of the tree). People waiting for unblurred transport in the Austrian capital at the start of the week will probably already be vaccinated against Covid-19, as if they were not and clashed with police during traffic checks. routine, they could have been fined between €500 and €3,600. Austria began a “lockdown of the unvaccinated” last Monday to deal with a surge in cases and boost a vaccination rate described by Austrian Chancellor Alexander Schallenberg as “disgracefully low”. The goal was not to “lock up” the unvaccinated, but to get more needles into more arms. However, with the number of cases continuing to soar, everyone in the country, bitten or not, will now be confined from next Monday for a ‘maximum of 20 days’, while vaccinations will be compulsory from February .

By the Numbers: Going Oatmeal

$10 billion

Market valuation of Swedish oat milk manufacturer Oatly in May during its initial public offering (IPO). The company has been backed by investment giant Blackstone Group and celebrities such as Oprah Winfrey, Jay-Z and Natalie Portman.

20%

Oatly share price fell in New York on Monday after the company flagged a slowdown in U.S. production, inflationary pressures and supply chain hurdles and said it was “investigating a quality problem” which could lead to the destruction of stocks. This briefly brought its valuation down to $5.5 billion.

$635 million

Despite its troubles in the third quarter and a full-year outlook falling short of analysts’ estimates, Oatly says its revenue will still hit that level in 2021 as it does all it can to further the cause of humble oats by compared to old fashioned soy and almond.

Get to Know: Paramount Plus

Boldly going where no streaming service executive should ever go, the great minds behind Paramount Plus have managed to upset and bewilder “international” Star Trek fans by pulling all episodes of Star Trek: Discovery from Netflix. and suggesting they wait until 2022 to consume the show’s fourth season, which debuted in the US and Canada this week. The ViacomCBS-owned streamer will expand its global footprint next year – with Ireland one of the markets in its orbit – and Star Trek: Discovery is set to be one of the brightest stars in its universe. Alas, viewers who have managed to hold out three full seasons so far are furious at the Star Trek maker’s attempt to return to a pre-internet distribution model, promising to explore their piracy options in the meantime. Can Paramount Plus live long and thrive without their support? Urgent note to Amazon Prime Video: Don’t let them take Star Trek: Picard.

The List: Art on the Block

Some couples fight over who keeps the dog, the record collection, or the rolling coffee table. But during the acrimonious divorce of New York real estate magnate Harry Macklowe and his now ex-wife Linda, the two parties could not agree on the value of their vast collection of contemporary art, so a judge decided that everything should be sold. Only a few of their prime treasures went under the hammer at Sotheby’s this week, fetching $676 million in “the most valuable sole proprietor auction ever”.

1. Rothko 8 foot work. Mark Rothko’s Number 7, from 1951, sold for $82.5 million, the second-highest price for a work by the block-loving artist and the largest single sum at the sale. Well, it’s a “perfect symphony of color, light and scale”.

2. Sculpture by Giacometti. Le Nez (The Nose), a 1947 sculpture by Swiss artist Alberto Giacometti, cost $78.4 million, which is a lot of money to pay for a nose that will follow you around the room.

3. Warhol women. Andy Warhol’s Nine Marilyns serigraph, made shortly after Marilyn Monroe’s death, and his Sixteen Jackies tribute to Jacqueline Kennedy cost $48.5 million and $33.9 million, respectively.

4. Pollock folder. Jackson Pollock’s Number 17, a 1951 work from his Black Paintings series, fetched $61.2 million, a new record for the abstract artist.

5. Red peonies. 2007’s Untitled by Cy Twombly, a massive abstract festival of red peonies, sold for $58.9 million – a relative bargain. Buyers who missed out, meanwhile, have the second part of the Macklowe sale to look forward to next May.

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