[ad_1] A week ago, at Sotheby’s in New York, Maurizio Cattelan’s solid gold toilet hammered for $10m, a smidge over its gold spot price of $9.8m. A case, then, of an artwork literally being worth its weight in gold. Or thereabouts. It is probably one of the only examples of pricing in the history of
[ad_1] Oscar Wilde may have been mistaken when he claimed “all art is quite useless”. A new use for art has been emerging in recent years, and it may be the most pragmatic of all – as a solid investment. In a time when stock markets are sinking, debts are rising and the looming threat of
[ad_1] Luxury is increasingly defined not just by possessions, but by exclusivity and cultural relevance. This season, collectors and gift-givers are driving a shift: limited-edition merchandise is becoming a new status symbol and investment, blending the excitement of ownership with tangible value growth. Nicholas Lane, director at Merchandise Branding, has observed this evolution firsthand. “Branded
[ad_1] “Artsignal is here to change the game for collectors,” says Sam Glatman, the co-founder and chief executive of the new artificial intelligence-driven platform, in a statement. Artsignal, which uses open-source data to create art market reports and offer context for valuations of art, launched in September alongside an announcement of investment from Christie’s Ventures
[ad_1] First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has partnered with Opera Gallery Group, a leading art gallery network, to launch the FAB Art Platform, an innovative art platform, enabling the bank’s clients to access, invest in, and leverage fine art as part
[ad_1] A new solo exhibition by Estonian artist Alo Valge has opened at the Pop and Contemporary Art Museum (PoCo) in Tallinn. “9 Figures,” brings together portraits of artists from around the world, whose works have sold for more than $100 million. With the exhibition “9 Figures,” Valge wants to pay tribute to how art
[ad_1] No shill, Collectors, it’s been a tense week in The Hobby. Social media has been ALIVE as just about everyone with an IG account has tossed in their opinion on what constitutes shill bidding, which prominent collectors they think are shill bidding, and what’s OK and not OK to do when you (or friends)
[ad_1] Anyone fascinated by the lives of the ultra rich — which seems to be most of us — and in particular the part that art plays in it, will enjoy digging into the latest Survey of Global Collecting. Published by Arts Economics on behalf of the contemporary art fair Art Basel, it is available
[ad_1] Guarantees of 6% return and ‘safe-haven’ asset claims were warning signs, as investors now fight to recover their belongings [SINGAPORE] Before its sudden collapse, art-investment firm Art Works wooed clients over wine, fine dining and talk of steady returns – promises that seasoned art observers regarded as overly optimistic even then. One of them
[ad_1] SINGAPORE – A co-owner of distressed art investment firm Art Works, which went into liquidation abruptly on Oct 30 , has pledged commitment to ensure a proper winding up for the company and that former employees’ salaries will be a priority. Mr Chris Hallewell, who is also the firm’s chief operations officer, said that