Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If tumult on Wall Street rattled investors on Wednesday after benchmark stock indices suffered their worst trading day of the year, investors managed to conceal any anxieties at auctioneer Christie’s midtown gallery later that evening.
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. Ms C.W. writes: In 2020, I came into some money which I decided to save for my future.
Edvard Munch’s masterpiece ‘The Scream’ made $120m (£74m) when it went under the hammer last week, setting a new world record for a work of art sold at auction. Before the sale, the artwork was expected to make $80m. Art and investment have always been uneasy bedfellows but as prices smash records in the auction
The viral duct-taped banana art piece was sold at an auction on Wednesday in New York for $6.2 million.kena betancur / AFP A crypto investor bought the viral duct-taped banana art piece for $6.2 million at an auction on Wednesday. When it was first unveiled at Art Basel Miami 2019, Maurizio Cattelan’s “Comedian” stirred up
In May 2022, Andy Warhol’s portrait of Marilyn Monroe sold for $195 million—the most expensive artwork ever publicly sold by an American artist. Getty Images Investing in art-backed debt is among the least understood ways that people make money investing in art. It is also the best way to get started as an art investor.
Work, career, ambition. Art collage. Business concept. getty In the high-stakes world of art, its value transcends mere aesthetics or monetary worth. For artists, collectors, investors, and dealers alike, art embodies a legacy beyond passion or investment. However, cautionary tales of figures like James Gandolfini, James Brown, and Doris Duke underscore the perils of inadequate
How much are you willing to pay for fruit? A crypto investor paid $6.2 million for a duct-taped banana art piece at a Sotheby’s New York auction on Wednesday, the auction house confirmed. Arguably one of the most iconic pieces of art in the past decade, “Comedian” was first unveiled by Italian visual artist Maurizio
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hollywood powerbroker Ari Emanuel is buying the Frieze global art fair and publishing group from Endeavor, the entertainment group he co-founded, in a deal valued at $200mn. The sale is likely to close in the
What’s an estimate in the art world? Turns out it’s just a polite suggestion.As per the Indian Art Investor 2024-25 Art Market Report, the sale of Indian Modern and Contemporary art at auctions globally clocked in at Rs 1,016 crore. But, while paintings are breaking records, there’s one segment that’s quietly on carving out a