American businessman, investor, and philanthropist
A. Alfred Taubman, born on January 31, 1924, in Pontiac, Michigan, was an American real estate developer, entrepreneur, and philanthropist. He is best known for his contributions to the development of modern shopping malls and his significant impact on the retail industry.
Taubman's career took off in the mid-20th century when he recognized the potential of shopping centers as more than just utilitarian spaces. He revolutionized the concept by focusing on creating upscale and inviting environments that combined shopping, dining, and entertainment. His innovative approach led to the creation of some of the most successful shopping destinations in the United States, including the Mall at Short Hills in New Jersey and the Beverly Center in Los Angeles.
Beyond his real estate endeavors, Taubman was a shrewd businessman who made a name for himself as a collector and dealer of fine art. He was an integral part of the Sotheby's auction house and played a role in the art market for decades.
Taubman's career wasn't without controversy; he faced legal challenges related to price-fixing in the auction industry and was subsequently convicted. He served time in prison but continued to maintain his philanthropic efforts and business interests.
Throughout his life, A. Alfred Taubman was a dedicated philanthropist, generously contributing to education, healthcare, and the arts. He made substantial donations to institutions such as the University of Michigan and Brown University, reflecting his commitment to advancing education and culture.
He passed away on April 17, 2015, leaving behind a legacy that encompasses both his groundbreaking work in real estate and his significant impact on the art world and philanthropy. A. Alfred Taubman's contributions to shaping the modern retail landscape and his dedication to supporting various causes continue to be remembered and celebrated.
God help us if we ever take the theater out of the auction business or anything else. It would be an awfully boring world.
Become an expert in one fundamental area of your market or business, no one starts out as a generalist.
There is more similarity in the marketing challenge of selling a precious painting by Degas and a frosted mug of root beer than you ever thought possible.