“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 (CV),
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 of
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 touches,
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) have
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 free
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 was
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 he
Billionaire-class families are now reportedly chasing into a new trading strategy. High-net-worth clients of the banking giant JPMorgan are increasingly attracted to sports teams as they continue to mature as assets, reports Bloomberg. Data from JPMorgan shows that about 20% of the 111 billionaire families served by the bank have purchased stakes in sports teams,
Capula Investment Management’s former chief US compliance officer accused the hedge fund firm of wrongfully firing him for raising concerns about the expensing of artwork and private jet travel as well as certain trading activity. Igor Abramov sued London-based Capula late Monday in Manhattan federal court, claiming he was subject to retaliation and terminated in
The report authors warn that without reform the market risks alienating the very demographic set to inherit and expand it. Mid-market works (priced between US$50,000 and US$1 million) emerged as a rare bright spot, proving more resilient amid the broader slowdown. Valued at roughly $8 billion in 2024, this segment represents a largely untapped opportunity