I GREW UP IN a traditional Chinese family in the Philippines. My dad was a businessman working with his brothers. My mother was a homemaker, but in true Chinese fashion, if there was a shortage of staff, she had to help out. When a new business opened, she worked alongside my aunts. THE FAMILY BUSINESS
NFTs have generated billions of dollars and one NFT sold for nearly $70 million. Many people question whether the digital assets will maintain their value over time. Some investors compare the NFT boom to the dawn of the internet. See more stories on Insider’s business page. In the past month, people have spent over $1
Britain’s Railways Pension Scheme faced a quandary. It was 1974, and U.K. inflation was running above 30 percent, while London’s stock market was tumbling. Showing a bold creative streak, RPS unearthed an asset class that offered solid real returns in an inflationary environment: fine art. The fund invested £40 million ($65 million) over six years in Old
Get the latest entertainment news, reviews and star-studded interviews with our Independent Culture email Get the latest entertainment news with our free Culture newsletter Get the latest entertainment news with our free Culture newsletter One night last November, just hours after $240bn (£158bn) had been wiped off the US stock market, the New York branch
The Advertising Standards Authority has banned a pair of adverts promoting art investments. The two Facebook adverts from Hartco Consultancy, seen in May and June, were examined by the watchdog as part of wider work on unregulated investments. The first advert stated: “While markets swing, some investors go tangible” and “how the wealthy invest in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pressure on emerging markets has yet to douse the appetite of wealthy collectors for high-priced paintings and sculptures, art experts said ahead of London’s Frieze fair. As international collectors, dealers and enthusiasts descend on the
These days it’s easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the China Art Financial Holdings Limited (HKG:1572) share price is up 66% in the last year, clearly besting than the market return
Articheck, an “electronic passport” for works of art, was named the winner of the Digital Innovation in Art prize in London last night (27 September), at the Investors Allstar Awards, the “Oscars” of the European venture capital industry. Founded in 2013 by Annika Erikson, a former paper conservator at the Tate, Articheck enables art world
Pine Walk Capital Limited, the specialist managing general agent (MGA) platform and wholly owned subsidiary of The Fidelis Partnership, has launched Carnovis Specialty Limited as a new Alternative Risk Transfer MGA, that also has a remit to underwrite business for third-party capital providers, including from the capital markets.As per the announcement, Carnovis, which will be
Why should only deep-pocketed millionaires enjoy the sorts of profits that can come from investing in high-end art? That simple, rather noble-sounding premise has propelled the rapid expansion of Masterworks, a company that solicits investments in works of art. Masterworks democratizes the art market by offering average investors an opportunity to buy $20 shares in