January 15, 2025
Art Investor

Elon Musk’s Diverse Investments: The Billionaire’s Secret Weapon

Elon Musk’s Diverse Investments: The Billionaire’s Secret Weapon Elon Musk’s financial success has been nothing short of extraordinary, especially as he thrives while other sectors of the economy struggle. What’s his secret weapon? Musk hasn’t kept this secret to himself; he’s been hinting at it since late last year. However, amid the chaos of the

Read More
Art Investor

Meet the ‘Self-Appointed Ambassador of Latin American Art’ Shifting Western Institutions and Ideas in Kind

Artwork on wall by Gala Porras-Kim. Photography by Benedikt Frank. Image courtesy of Catherine Petitgas. Contemporary Latin American art has a profound advocate in Catherine Petitgas, a former Wall Street analyst whose creative passions forced a sharp career shift. Encouraged by her family to pursue a burgeoning interest in art, Petitgas embarked on an educational

Read More
Art Investor

Masterworks Review: Pros, Cons, And Alternatives

Masterworks is a platform that allows you to buy and sell fractional shares of artwork. You’ve probably seen the headlines of some fine artwork selling at auction fro $100 million or more? Or what about the story of some guy finding a painting at a garage sale and it ended up being worth millions? You

Read More
Art Investor

Why is art the top alternative investment choice for Asia’s wealthy?

These Millennial collectors are not only purchasing art for the first time, but they are doing so with the long-term view of building world-class collections that can grow over time, in both cultural and financial value. “This is a global trend but young Singaporeans are showing a leading initiative in this movement,” observed Art Works

Read More
Art Investor

5 Indian Modernist Artists with Market Momentum

Art Shreya Ajmani Much like the country’s economy, India’s art market is growing—fast. Recent years have seen an influx of new collectors, galleries, institutions, and art fairs, which, taken together, are actively fostering a burgeoning contemporary art scene. Much of this growth is illustrated by the country’s auction houses, which saw total turnover surge from

Read More
Art Investor

Collector Ron Perelman sold $963m worth of art to pay off debt

Cosmetics investor and megacollector Ron Perelman sold off nearly $1bn worth of his famed art collection over a two-year period in order to pay down debt after Revlon stock plunged during the early days of the Covid-19 pandemic, recently unsealed court filings show. Perelman, the company’s longtime boss, had used his shares as collateral for

Read More
Art Investor

$44.6 million for a dinosaur: The other kinds of Wall Street investments | Economy and Business

The founder of the hedge fund Citadel is the second richest investor in the world and, as of a few hours ago, the owner of Apex, “the largest and most complete stegosaurus ever found.” Kenneth C. Griffin paid $44.6 million for the skeleton, which is 11 feet tall and nearly 27 feet long from nose

Read More
Art Investor

Meet the wealthy art collectors with galleries in their homes

Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant Cardone Multimillionaire Grant Cardone, who has been collecting art for around 15 years, says he’s a spontaneous buyer. “I don’t consider myself a connoisseur. I’m very new to the art world. If I like it, I buy it. I don’t

Read More
Art Investor

Mega-Collector Ron Perelman Has Sold Nearly $1B Worth of Artwork

Ronald Perelman in Sag Harbor in 2017. Patrick McMullan via Getty Images Ronald Perelman, the billionaire investor known for his vast art collection, has in recent years sold off nearly $1 billion worth of artwork by the likes of Andy Warhol, Cy Twombly, Pablo Picasso and Jean-Michel Basquiat. Many of these transactions were conducted through

Read More
Art Investor

Mother of art patron Dasha Zhukova becomes the fifth Mrs Rupert Murdoch

Elena Zhukova, a retired molecular biologist and the mother of Russian American art collector, museum founder and businesswoman Dasha Zhukova, married the Australian billionaire and right-wing media mogul Rupert Murdoch on Saturday (1 June). Their union “after dating for several months”, according to the Murdoch-owned tabloid The Sun, makes Zhukova his fifth wife. Murdoch, who

Read More