A 52-year-old investment banker lodged a complaint with the Mumbai police, alleging that he was duped by two persons, an advocate and an art dealer, of Rs 17.9 crore while purchasing paintings. In the FIR registered on Monday, the complainant alleged that he had ordered 11 paintings from the two accused; however, the two colluded
MAB100: A New Art Index Fuels Interest in Art Investment MyArtBroker has introduced MAB100, a breakthrough innovation in the art market that serves as an index for the top 100 print editions, aimed at leveraging analytical data for art investment. The system is designed with algorithms that meticulously track pricing data points and calculate cumulative
Stocks, bonds, real estate and other mainstream investments get a lot of attention in financial media. But there’s also an entire world of niche investments people park their money in — think collectibles, wine, art and other alternatives to the mainstream options. Marketplace interviewed a few of these investors back in 2019. Today, many of
BOCA RATON, Fla.— FROPRO Snack Bar, the industry leader in delicious and nutritious refrigerated protein bars, proudly announces a significant leap forward in its commitment to quality, efficiency, and innovation. With a strategic investment in cutting-edge machinery and a relentless pursuit of perfection, FROPRO is poised to revolutionize the protein bar market in 2024. FROPRO’s
There are more ways to get in trouble buying and selling art and antiquities today than ever before. Buyers who fail to do their due diligence may face financial, legal, and reputational damage no matter their intentions. Take the case of Shelby White, a trustee of the Metropolitan Museum of Art whose name hangs on
WISeKey’s Subsidiary, WISe.ART, in Collaboration with GMA, Unveils Innovative Digital Renaissance Initiative in Rome GENEVA/Madrid/Rome – December 18, 2023 – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, through its subsidiary WISe.ART, a leader in the
Investors are being invited to join a European-based group that plans to buy about $80 million worth of art and forecasts annual returns of 12 percent.The Art Collection Fund will acquire high-quality modern, contemporary and even tribal works over a four-year period. The pieces will be sold after six years, or earlier, through private sales
As part of its wealth management proposition for private banking customers to add value to their assets while securing their legacy, Access Bank Ghana organied a special investment forum dubbed the ‘Dubaiscapes Accra’ to empower individuals with wealth-creating skills and opportunities in the real estate industry of Dubai. The event, held in Accra at the
For 15 years, Scott Lynn has been collecting midcentury artists. His collection of abstract expressionists includes Jackson Pollock, but he has a particular soft spot for Clyfford Still, one of the lesser-known artists in that movement. Although Mr. Lynn has seen his collection appreciate rapidly, he realized the asset class was too expensive for most
Art can inspire awe and appreciation—but it can also appreciate in value or provide protection against inflation. Christophe Spaenjers, an associate professor of finance in the Leeds School of Business, studies real assets, including art, and has found that artworks can be a better way to preserve purchasing power than traditional investments like bonds. However,