The prices of art saw the steepest annual decline among luxury investments, dropping by 18.3% in 2024, according to Knight Frank’s ‘The Wealth Report 2025’. The report, released by the global property consultant, revealed that only half of the top 10 passion investments recorded positive growth last year. Among luxury assets, handbags emerged as the
Handbags, watches and even classic cars made it to a list of top performing luxury investments in 2024, said a Knight Frank report. Luxury handbags emerged as the top performer in the year, rising 2.8 per cent over 12 months as of Q4 2024, according to the Knight Frank Luxury Investment Index (KFLII). On a
Listen to this article Oklahoma City is home to 47 thriving museums which employ 860 people, earn more than $107 million in revenue each year, and have assets upwards of $835 million. These compelling numbers help to fuel our belief that the arts have the power to help economies thrive, educate and enrich societies, and
The Town of Normal on Monday approved a new budget that lowers spending amid a difficult-to-predict economy. The town council unanimously adopted the new operating and capital investment budget for the 2025-26 fiscal year. City Manager Pam Reece said the plan hits the town’s financial targets, while still allowing for flexibility. “If circumstances change one
Home » Home » US Announces Historic $100 Billion Investment by Taiwan Semiconductor Manufacturing Company This is the largest foreign direct investment in U.S. history President Trump highlighted the economic impact of the investment, stating,” This $100 billion in new investment will go into building five state-of-the-art fabrication facilities in Arizona, creating thousands of high-paying
Artscapy leads the charge in empowering female art investors and artists for International Women’s Day 2025 1st March 2025 As the world prepares to mark International Women’s Day 2025, themed around rights, equality, and empowerment, London-based Artscapy is spotlighting its predominantly female team and a significant increase in female art investors. The innovative art investment
A version of this article originally appeared in The Back Room, our lively recap funneling only the week’s must-know art industry intel into a nimble read you’ll actually enjoy. Artnet News Pro members get exclusive access—subscribe now to receive the newsletter in your inbox every Friday. When they began to proliferate in the early 2000s, art investment funds were
Home » Davenport & Company sponsors 2025 Art in Transit contest Posted On February 26, 2025 Tri-River Investment Group of Davenport & Company is sponsoring Art in Transit. Shown at the check presentation are, from left, Jay Black, Senior Vice President—Investments, Davenport; Josh Long, Financial Advisor, Davenport; David
Join Our Telegram channel to stay up to date on breaking news coverage The non-fungible token technology, which came into the limelight in 2021, continues transforming the art world by making it easier for artists to sell their work. NFTs aren’t just transforming the way NFT artists create and sell, they’re also revolutionizing how NFT
ODL Inc. has invested in a state-of-the-art glass tempering oven at its Zeeland manufacturing facility. // Stock photo ODL Inc. in Zeeland, a supplier of household glass doors, windows, and other products located southwest of Grand Rapids, has invested in a state-of-the-art glass tempering oven at its Zeeland manufacturing facility. The amount of the investment