India’s ultra-rich are investing 17% of their wealth in luxury items, with watches, art, and jewellery being the top preferences, according to Knight Frank’s ‘The Wealth Report 2024’. The report was released in a virtual press conference and it focuses on the investment habits of Indian Ultra-high Net Worth Individuals (UHNWI), defined as those with
Amid fluctuating markets and financial uncertainty, investors continuously seek stable and profitable avenues to diversify their portfolios. A less conventional but increasingly popular option is art investment. Allen Sukholitsky, CFA, and Chief Investment Officer at Masterworks, highlights art’s significant role in enhancing portfolio performance through diversification, leveraging data from 1997 to H1 2021. Art as
Art was the only luxury asset to hit double-digit growth last year, jumping 11pc in value, with a Picasso painting exchanging hands for £113m. The most expensive piece of art to go on sale last year was the Spaniard’s 1932 Femme à la montre (Woman with a Watch), a painting of his teenage mistress, which
COLUMBUS, Ohio — Investing in arts and performances venues in the greater Columbus area is top of mind for the Columbus City Council. What You Need To Know The Columbus City Council approved an ordinance for the department of finance and management to enter into contract with the Greater Columbus Arts Council (GCAC) A 5% fee
In the swirling world of investments, where the wind of market fluctuations can shift directions in the blink of an eye, understanding and managing risk is not just prudent; it’s imperative. Amid this tumultuous landscape, Tom Bradley, the co-founder of Steadyhand Investment Management and a distinguished member of the Investment Hall of Fame, casts a
By doing so they are also supporting artists, whose work has been ignored or underrepresented by museums and galleries for far too long. “Black creativity is often not monetized and appreciated the way it should be,” said Esohe Galbreath, who has a background in engineering and accounting. “Recently Black artwork has become really big and
Image: Shutterstock Investing in art has long been an intriguing but complex endeavour, offering a unique set of opportunities and challenges for those willing to navigate its waters. While the financial value of art has been established by the consistent performance of top-ranked artists, there are several factors to consider when delving into this world.
Investing in the S&P 500 from 1995 to 2022 would have netted a comfortable 9% per year on average. In other words, you would’ve gotten nearly 10 times the initial amount of your investment. While that’s a pretty penny, it’s just a fraction of what post-war and contemporary art would’ve brought in. Its average annual
Investing in the art world can seem daunting. You have so many different options and opinions that it’s hard to know where to start. However, investing in art can be timeless, and if you invest in a high-quality piece of artwork itself, it can be a fantastic store of value and investment vehicle that many
In an exciting development for art investors, Harriet Parkes, a 28-year-old British artist renowned for her vibrant and expressive animal paintings, is now recognized as a burgeoning investment opportunity. Leading art analysts are forecasting an impressive 30-40% annual increase in the value of her artworks, placing her in a league with influential artists like Andy