michael barbaro From the New York Times, I’m Michael Barbaro. This is “The Daily.” [music] Today, It started with a picture posted on the internet and ended in an extravagant cryptocurrency bidding war. [archived recording] Now to the latest trend that’s sweeping the internet, the skyrocketing prices for digital art sold as NFTs. NFT, and
ARTSPLIT, the art investment platform, is making alternative investment assets such as artworks and music more inclusive and accessible for everyday people and at the same time, helping artists to make money from their works. Art pieces are expensive, but what if, with only a token, you could own a slice of one of these
New York attorney Daniel Kokhba was one of many investors in 2020 who bought a stake in Cecily Brown’s Girl Trouble, 1999, an 8-foot-tall painting of abstracted reds, oranges, and yellows where figures emerge within thick strokes of paint. Fractional values of Girl Trouble were available to investors at $20 a share, with a minimum
Mr. Isen provided his perspective on art market transactions. “It’s different than selling a car,” he said, “’cause car has to have the registration, the title, and this and that and everything. … These are nothing. … These could have been, these could have been your grandmother’s. You follow me?” “So I can say, ‘hey,
By Kai CurryNORTHWEST ASIAN WEEKLY I’m in love. I’ve walked into the Kelly Akashi: Formations exhibition at the Frye Art Museum on First Hill and it is at once familiar and new. It’s the largest showing of Akashi’s work thus far, covering up to 10 years of her exploration and experimentation in various media. Kelly
No one likes losing money. But making losses is a perennial risk of being an investor. There are shades of loss, though. Your average ISA investor rarely faces complete financial ruin, but even double-digit losses can cause severe financial and psychological discomfort. I’ve been investing for around 20 years and made some bad decisions (buying
Christie’s auction house accomplished an extraordinary achievement by selling 150 works from the Paul G. Allen Collection for over $1.6 billion. Despite concerns surrounding the economy and cryptocurrencies, affluent collectors from around the world eagerly invested in these prestigious artworks. Five paintings surpassed the $100 million mark, with Georges Seurat’s masterpiece, ‘Les Poseuses, Ensemble,’ leading
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The art market is a complex and diverse industry, with investments in art becoming increasingly popular. As a result, many investors are now looking to diversify their portfolios by investing in art through various means. Posing the questions, is there an art ETF and is it really a viable investment opportunity? Unfortunately, there is no
This article is sponsored by Masterworks, the art investment platform. Right now, there are millions of physicians standing at a crossroads. More than 40% of active physicians are expected to reach retirement age over the next ten years, and according to Fidelity, the average physician needs about $2.4 million to retire comfortably. While you’re most likely