South Korea’s art market in 2022 shattered records, bolstered by the launch of Frieze Seoul and the country’s early lifting of Covid travel restrictions compared to the rest of East Asia. This year has seen a readjustment, dropping to 2019 levels with global economic woes echoing in Korea. Meanwhile other Asian art centres, particularly Hong
Ever wondered where the truly wealthy stash their cash? It’s a question that fascinates many, and the answer might surprise you. A recent survey by Bank of America Private Bank sheds light on the financial habits of millionaires in the United States. It turns out that the wealthiest Americans, particularly those ages 21 to 42
Earlier this summer, in Las Vegas, the NBA rookie class gathered at the Palms Casino Resort for Rookie One Court, a welcome party for newly drafted NBA players. There, Boston Celtics superstar Jaylen Brown and creative director Set Free Richardson gifted three large prints by Spanish artist Rafa Macarrón to the top three draft picks.
Courtesy, Set Free Richardson Earlier this summer, in Las Vegas, the NBA rookie class gathered at the Palms Casino Resort for Rookie One Court, a welcome party for newly drafted NBA players. There, Boston Celtics superstar Jaylen Brown and creative director Set Free Richardson gifted three large prints by Spanish artist Rafa Macarrón to the
One of Australia’s largest pension fund providers plans to double the size of its sustainable investment team. Australian Retirement Trust (ART), which manages around A$240 bn ($154 bn), is recruiting for eight roles in areas such as impact investing, stewardship and ESG integration. The superannuation fund, as pension funds are known in Australia, says the
The rise of NFTs has incited conversations around ownership structures of the artwork, but what about ownership of the other power players such as galleries and platforms? Ultimately these conversations are driving at the same perennial question, how is art financially enabled and supported? The problem of how art is funded and what impact that
Major sports organizations have attracted a lot of investment in recent years from billionaires and sovereign wealth funds looking for skin in the game — and a comfortable place to park their money. Over the past 20 years, major league sports teams in North America have seen their valuations curve up like a hockey stick.
Jane Efagwu is the founder and CEO of The Refined Advisory. The startup specialises in Art Investment, Real Estate Ventures, and Citizenship and Residency Opportunities. According to Efagwu, the company operates by connecting clients with budding visual artists poised for greatness. By strategically investing in this artist’s work, clients can witness exponential growth in the
“I think it speaks first to the cultural heritage and passion for people’s own culture and the passion that they have in rediscovering the continuum of art. You don’t see artists today that haven’t been inspired by artists from yesterday, who are not inspired from artists from the day before.” Art Consultancy Metis Art has
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