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
Together with guest experts and Deutsche Bank specialists, we explored the changing role of art collections in lending and investment at our dedicated event held in our lounge at Frieze New York 2022. From freeing up liquidity to furthering a family legacy, an art collection can play many roles. And while the investment potential
There was once a belief that only a certain type of individual had the knowledge, skill, and interest required to successfully invest in artworks. For too long, this stereotype limited access to the art world only to those of a certain class, education level, and economic status. Thankfully, this notion has diminished in recent years,
Mintus, the new online, art investment platform offers a new way to buy shares and invest in exceptional contemporary art opening up the annual $65bn art market The first artworks available are iconic paintings by Andy Warhol and George Condo, with more pieces by established and emerging artists to follow Discover more: www.mintus.com LONDON, April
In 2020, the Brooklyn-based art collective MSCHF bought a Damien Hirst print for $30,000 and cut out each of its 88 spots, selling them for $480 apiece. It then auctioned off the leftover paper, retitled “88 Holes,” for more than $260,000. While cutting up and selling pieces of works of art remains the stuff of
Knowing where to start with investing in art is much like staring at a blank canvas. Where to begin? What colours, compositions, subjects? The world of creative investments is, after all, an incredibly subjective one; a market propelled by value judgements. Here, you will be capitalising on matters of the heart as much as of