A view of Hong Kong Photo: VCG A number of wealthy families plan to set up investment management offices in the Hong Kong Special Administrative Region (HKSAR), due to the city’s impressive economic recovery and its vitality and charm, a trend that will help develop it into a global art auction and trading center, HKSAR

The resumption of Hong Kong’s art week following three years of Covid restrictions kicked off this week with the opening of Phillips’s new 52,000 sq ft headquarters in West Kowloon. The auction house’s chairmain of Asia, Jonathan Crockett, anticipated a “high level of energy and sales” as the international art community descended on the city.

Contemporary art outperformed other asset classes during the 2020 downturn and investors should seriously consider its ability to buck the trend in a pinch, writes Vedat Mizrahi, chief financial officer at Mintus. The contemporary art market has performed extremely well over the last 40 years, outperforming the S&P500 Index by 240% since 1986. Over the

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Non-fungible tokens (NFTs) seem to be everywhere these days. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips—some for millions of dollars. But are

A Porsche 911 car parked outside Chanel on London’s Bond Street. Mike Kemp/In Pictures via Getty Images Knight Frank’s 2023 “Wealth Report” details how ultra-high net worth individuals invest their money. Stocks and shares are the biggest individual contributors, with 26% of the average UHNWI’s portfolio held in equities. About 5% of their portfolios goes

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

Fine art has long been considered a valuable asset, with its beauty and cultural significance driving demand and high prices at auction. However, in recent years, the art world has increasingly recognized the potential of fine art as an impact investment.  Unlike traditional investments that focus solely on financial returns, impact investments aim to generate