The Museum of Modern Art has tapped Lou Fernandes, a veteran endowment investment head, as its CIO, effective immediately. Fernandes served for six years at New York University as its endowment’s managing director of investments. Before that, he was at San Francisco-based Hall Capital Partners, an outsourced chief investment officer. The storied MoMA, located in

The initiative’s first acquisition is a painting by internationally acclaimed visual artist Sebastian Masegosa whose work has been exhibited in Art Basel and Pinta Miami MIAMI, Dec. 1, 2022 /PRNewswire/ — Unicoin, the next-generation cryptocurrency from the producers of the Unicorn Hunters show announced during Miami Art Week that it has launched a Global Art

New investments bolster artists and arts organizations using technology, 2022 Knight New Work winners, 2022 Knight Arts Champions and a new $40.7 million investment in Miami artists and arts organizations. MIAMI — On November 28, the John S. and James L. Knight Foundation unveiled its fifth major wave of arts grants in a campaign to

A relatively new way to invest in art—which is growing in popularity but not widely publicised—is to buy into securitised bundles of art loans, a service offered exclusively by the New York-based alternative investment platform Yieldstreet. The company, which in 2019 acquired Athena Art Finance, a specialty lender that has focused on art-backed loans to

For some savvy investors and collectors, fine art can be more than just something beautiful to admire in a museum — it’s a valuable asset class. This is especially true of a new generation of millennials, who are some of the keenest art investors.  They make up 17% of investors spending $1 million or more

When it comes to investing, most people tend to think of stocks, bonds, and of course, cryptocurrency. However, there’s one alternative asset class that people tend to look over – and that’s fine art. Fine art has been around for centuries and has been used as an investment vehicle for just as long. And while

Angle down icon An icon in the shape of an angle pointing down. Russian Billionaire Andrei Menichenko’s super yacht. Enrico Spanu/REDA&CO/Universal Images Group via Getty Images Demand for luxury art has been “insane” over the past decade, an art adviser told Insider. For some wealthy collectors, art can be a valuable investment as a recession

Today, you no longer have to be an accredited investor or a billionaire to invest in fine art. The popularity of fractional ownership has boomed in recent years as more and more retail investors are looking to diversify their holdings and break into markets previously reserved for the wealthiest investors. Alternative investments ranging from NFTs

Whether you’re a fan of Banksy’s street art style or prefer the vivid colors of impressionists like Monet, there’s no doubt that art can be a great investment, and it’s growing in popularity. According to the 2022 Global Art Market Report from Art Basel and USB, the global art market reached $65.1 billion in aggregate