Growing up in Blackball, a small mining town on the West Coast of the South Island, the walls in Joan Vujcich’s house looked very different to her walls today. “Dad was an engineer, he came out from Scotland as a small child with his parents, and they settled in the South Island. Which is where
A diversified portfolio is one of the key metrics of investment success The greater this diversity, the more likely it will outperform the market, and the savviest investors are often looking for new opportunities: the rising stars among new asset classes. Investment in art is certainly not a new concept, but what makes it unique
He believes it is not uncommon for the art market to prosper when the sharemarket is not doing so well as investors look for alternative places to park their money. “When the sharemarket crashed in 1987 the art market did well until 1989 when people ran out of money.” But others are not so convinced.
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I am sometimes amazed by the many changes that the global art market has experienced in the past 10 years or so. Covid-19 can be blamed for some of these shifts, as it forced the art market to close for a short time and virtually reinvent itself. To cite a few examples, printed catalogues at
One of India’s foremost art collectors and chairperson of the Kiran Nadar Museum of Art (KNMA), India’s first private museum of modern and contemporary art, Kiran Nadar, 72, owns some of the most spectacular works of Indian art, including SH Raza’s Saurashtra and FN Souza’s Birth. Wife of industrialist Shiv Nadar, she has supported several
Q: What’s the state of the art market? Over the last decade, the size of the art market has maintained a relatively constant level, remaining close to the $60 billion mark. Although this seems like a large number, it significantly falls short when compared to FedEx’s revenue, which exceeded $90 billion last year. So all
ADQ, an Abu Dhabi-based investment and holding company, has signed a definitive agreement with Sotheby’s, the global leader in fine art and secondary market luxury, for ADQ to acquire a minority interest. Under the terms of the agreement, ADQ will acquire newly issued shares of Sotheby’s to further strengthen its balance sheet and augment the
You’ve always loved art. And as a financially savvy person, you also know that art can be more than just something beautiful—it’s also one of the biggest investment crazes of the last few years. You’re not alone. 33% of Millennial investors believe art can be used as an asset to build wealth. But is art
It is the artwork for our times. A four-metre-wide Banksy depicting MPs in the House of Commons as chimpanzees set a record for the artist when it sold for close to £10m at Sotheby’s in London after just 13 minutes of bidding. The £9,879,500 winning bid was notable not just for its size but by