Rüdiger Weng's accusations highlight a power struggle within Artnet, alleging mismanagement and urging for modernization to benefit shareholders while criticizing the Neuendorf family's self-interest.
Weng's dissatisfaction with Artnet's leadership under Hans Neuendorf centers on the claim of mismanagement, citing lack of dividends, outdated technology, and blocked capital investment.
Albert Neuendorf countered Weng's claims by stating that efforts to raise capital have been repeatedly thwarted by Weng himself, complicating business growth ambitions.
The ongoing conflict reflects broader issues in the competitive art market, as tensions arise from differing visions for Artnet's future and shareholder interests.
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