The current art market landscape offers well-informed and discerning buyers unprecedented investment opportunities. Courtesy Art Basel When I started the first asset-backed art investment fund with The Fine Art Group in 2001, people thought I was mad. Many collectors, including the financial backers of my first fund, thought that art was merely a cultural asset,
In a nutshell Masterworks is an online fine art marketplace, where you can buy and sell shares in some of the top contemporary art pieces in the world. Fine art is an asset class once available only to the very wealthy. But Masterworks now makes it available to ordinary investors to hold in their portfolios.
Derry-based professional clothing company Hunter Apparel Solutions has won a £3.5million contract with the Dublin Fire Brigade. The contract follows a £1million investment in new machinery by Hunter which is enabling it to offer a revolutionary PPE decontamination service. Located in Springtown Industrial Estate, Hunter Apparel Solutions employs 53 staff. It was founded in 1936
The Masterworks platform is relatively affordable, but it’s best suited to people with a solid understanding of art who are looking for portfolio diversification. There’s a moment in “Titanic” when Kate Winslet’s character, Rose, is hanging paintings from a “new” artist called Picasso. It always struck me as funny that, at one time, people didn’t
We collect art for all sorts of reasons – and seemingly for no reason at all. There was no reasonable justification for me spending my entire first month’s modest teaching salary on a painting by an unknown Serbian artist, but I’m glad I did. Not because it’s gone up in value, but because I love
A growing number of galleries around the world are offering art as an investment, but legal bodies have been slow to act in an area that is still being played out among buyers and sellers—until now. Last month, the public authority responsible for regulating the Italian financial markets suspended an offer by an Italian company
“Invest in one of the best performing asset classes of the decade.” “Invest like billionaires.” “Six reasons to invest in blue-chip art.” “The art market is booming. The time to invest is now.” So read the straplines of just some of the targeted advertisements currently filling potential collectors’ and, perhaps more accurately, investors’ inboxes and
This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22 percent lower than 2023, and off 36 percent from 2022, according to the industry publication Ocula. There is plenty of speculation about why, but one reason may be capital gains taxes. Under current law, the long-term federal capital gains
Your job isn’t the only way you can make money. The cash stream from sources of passive income requires some upfront work, but once established, takes little to no time to maintain. While it can take some time to see the fruits of your labor pay off with passive income, earning money without regular work
University Art Gallery, Sonoma State University, Rohnert Park Let’s be frank: We’ve all wondered if that garage sale splatter fest we purchased for $5 is actually a Jackson Pollock or if the anti-consumerist slogan silkscreened in bold letters across that halftone photo on your wall isn’t perhaps Barbara Kruger. Pro tip: You can ditch all