Art has long been considered a valuable asset class for investors, with the potential for high returns and unique physical and aesthetic qualities. While the art market has seen its share of ups and downs, it remains an attractive option for those seeking alternative investments. One company at the forefront of investing in art is
Art Market Dominique Clayton Installation view of Ferrari Sheppard, Bond, 2020. Courtesy of Reginald Cash. As Beyoncé reminded us last year, we are in the midst of a renaissance, specifically a Black arts renaissance. In Los Angeles, this is taking shape in an active and growing arts scene, led by a number of dedicated Black
Billionaire Dmitry Rybolovlev accused in 2015 Yves Bouvier of defrauding him of nearly US$1 billion by misinterpreting how he obtained 38 art pieces he sold him for $2 billion. Monaco’s Court of Appeal “concluded that the investigation against Bouvier was carried out with a systematic partiality and bias which tainted the whole procedure,” said a statement
Financial experts agree. Nikhil Kamath, co-founder, Zerodha, India’s biggest stock brokerage firm, says: “There appears to be an arbitrage (opportunity) available around Indian art as the sector is undervalued vs western peers.” Kamath expects the market to “do well in the coming decade.” “Typically, every year in March, sales tend to peak and slow down.
Art Market Hollie McLaughlin-Martin Portrait of Richard Hedreen with artwork by Cecily Brown. Courtesy of Richard Hedreen. Six decades ago, Richard and Elizabeth “Betty” Hedreen began their art collection began as many do: by seeking out artworks to decorate their new home. “We started out looking for paintings that reflected the Seattle region, made by
We’ve got an art-world nepo baby! Love Is Blind just dropped season 7, and one of the hottest topics? Participant Leo Braudy, who was open to anyone and everyone (from producers to his many, many pod dates) about his art dealer job and self-described impressive financial status. Though the rich art dealer (sorry, we had
Tuesday 27 August 2024 9:38 am | Updated: Tuesday 27 August 2024 9:46 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Hobbycraft has been sold to a specialist retail investor. (Photo by Catherine Ivill/Getty Images) Hobbycraft, which is one of the UK’s
Jonathan Weal, a British former banker who filed for bankruptcy over £290,000 ($452,000) in unpaid debt, was seen discussing his £20 million ($31 million) J.M.W. Turner painting on English television, the Telegraph reports. Unfortunately for Weal, Choy Mooi, the insolvency examiner assigned to his bankruptcy case, happened to be watching the program. Weal casually told ITV News that
Art has always had a certain allure. News reports centre around the elegant international events populated by celebrities and multi-million-dollar sales of artworks at black-tie auctions, but beneath the glamour is a firmly established market that has proven to have low correlation to traditional investments. At a glance, the art market has proven to be
Frank Fowler International art dealer Frank Eison Fowler, of Lookout Mountain, Tn., has died at 78. Mr. Fowler was art dealer to the Wyeth family for over 54 years. He was an investor and developer who helped save the Chattanooga Choo Choo after it went into bankruptcy. Mr. Fowler was also a renowned