Sponsored by Red Eight Gallery One of our hottest new discoveries for 2020 is the young rising star Cayla Birk who recently celebrated her first solo show in Los Angeles. Born in Florida to a single mother, Birk credits her love of travel and her eclectic childhood to her success as an artist and her
According to a new study by Broadridge Financial Solutions, a financial technology company based in Lake Success, New York, the way U.S. investors allocate their money and even what they look like has changed. The company analyzed “de-identified share ownership data” from its proprietary businesses, which consisted of billions of data points from over 40
The UBS Investor Watch Pulse Report, For the love of art, explores the behaviors and buying trends of US-based collectors, providing insight into attitudes towards collecting art. The report shows that many wealthy buyers view their collection as a pursuit of passion, choosing to pass works to their heirs, rather than sell. This is despite
Investor, art gallery owner and entrepreneur Michael Teh has this insight for those considering investing in gold art in Malaysia As glamorous as it sounds, investor Michael Teh‘s relationship with gold art has been a rollercoaster ride of emotions from the start. Teh is the founder of private investment firm Saged Assets and the co-founder
The media and television mogul Rupert Murdoch is reportedly in negotiations to become a major investor in MCH Group, the embattled parent company of Art Basel. MCH, whose recent financial woes have been well documented, has been trying to raise capital by attracting another investor. On Friday, the Swiss business newspaper Finanz Und Wirtschaft reported
Millennials continue to be the biggest spenders The survey revealed differences in behavior across generations: only 3% of millennial collectors had not purchased an artwork in 2020, versus over one third of boomers. The millennial segment also had the largest share of high spenders, with 17% having spent over $1 million in the six-month period,
For its forthcoming 14th edition, India Art Fair (IAF) in New Delhi, South Asia’s largest commercial art event, rethinks its focus. This month, an expansion of floorspace will allow for 71 galleries to take part—up from 63 in 2022 and 68 in 2020, its last event before the pandemic. This move comes soon after India
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SAN FRANCISCO — This past week, a trading card featuring the quarterback Tom Brady sold for a record $1.3 million. The total value of the cryptocurrency Bitcoin hit $1 trillion. And Christie’s sold a digital artwork by an artist known as Beeple for $69.3 million after bids started at just $100. These seemingly singular events
The change of stake may have been designed to insulate the art from incoming sanctions packages, since these often apply only to assets that are at least 50 percent owned by blacklisted individuals. Abramovich was indeed sanctioned by the U.K. and EU in the first half of March 2022 for his alleged association with Putin.