A Saudi man visits an arts exhibition by late US artist Andy Warhol at the Maraya concert hall in the ruins of AlUla, a UNESCO World Heritage site in northwestern Saudi Arabia, on February 19, 2023. AFP via Getty Images hide caption toggle caption AFP via Getty Images A Saudi man visits an arts exhibition
There is good news for lovers and collectors of art. It may not just please your heart but also your bank balance. Art has been the top performer providing a 29 per cent return in the 12 months ending December 2022, as per the Knight Frank Luxury Investment Index (KFLII) — which tracks the value
Andy Warhol’s Shot Sage Blue Marilyn sold for $195 million at Christie’s. Fine art and collectable cars are the luxury investments with the strongest growth, according to Knight Frank‘s 2023 Wealth Report Amid the economic turmoil of 2022, investment in luxury assets grew – with fine art experiencing an annual boost of almost 30 per
On 25 February, Nigerian voters went to the polls to elect a new president. Ballots are currently being counted. A new government is set to be announced this week. Whoever wins, the election will mark a moment of significant change for Nigeria. The outgoing president, Muhammadu Buhari, has held sway over the country’s political system
NFTs (Non-Fungible Tokens) have received a lot of attention in recent years, thanks to the buzz surrounding multi-million-dollar sales of digital art pieces like Beeple’s “Everydays: The First 5000 Days.” NFTs have enabled the ownership of one-of-a-kind digital assets such as art, music, and other collectibles. In this article, we will look at why NFT
The international law firm gives a brief tour of the fine art investment landscape, a subject of interest to private client advisors, banks and others looking after HNW and ultra-HNW clients. The following brief commentary on fine art and investment comes from the international law firm Squire Patton Boggs, and is part of its
Jessica Cejnar Andrews / Tuesday, Feb. 7 @ 4:29 p.m. Council Weighs Return on Investment When Deciding Whether to Use Public Dollars to Display Ukrainian Artist’s Life’s Work Ukrainian artist Val Polyanin operated his roadside gallery near South Beach for about two decades before he left the area, leaving his work to Crescent City. |
According to a forecast by the International Monetary Fund, the global inflation rate could reach an all-time high of nearly 8.8% in 2022, before it starts to decline. Invariably, most investment assets (like stocks and crypto) underperform during such periods. Meanwhile, an alternative investment like art could indeed help you hedge against inflation. Buying art
VCs can make spectacular returns. Sequoia Capital banked $3bn from its $60m investment in Whatsapp. Lightspeed Venture Partners turned $8M into $2Bn when it exited Snap. And SoftBank’s initial $20m investment in Alibaba was eventually worth $60bn when the company was listed on the stock market – that’s an incredible 3000x return. How do they
LONDON, UK / ACCESSWIRE / January 31, 2023 / Launched in 2016, S&P Gallery is a leading art advisory service and online e-commerce art platform for novice and experienced art collectors, art lovers, and individuals looking for the perfect artwork to decorate their homes. S&P Gallery has a sister company, Zeno, which is a publishing