November 5, 2024
Invest in Art

Bangkok Post – Important to invest in cultural assets

Ethnic Shan dancers perform before a cinema billboard by artist Navin Rawanchaikul celebrating Chiang Rai’s diversity. (Photo: Brian Mertens) Thailand’s vast architectural and cultural heritage is more than just a source of enjoyment and public pride. It is probably the nation’s most important resource besides its people. And heritage empowers the people. It supports social and

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Hay Festival suspends Baillie Gifford sponsorship after controversy

Fossil Free Books, launched by literary industry professionals, said Baillie Gifford invests in companies “linked to the Israeli military” and Israeli settlements in the occupied West Bank, as well as a number of major fossil fuel companies. The company is a large investor in several multinational technology companies, such as Amazon, Nvidia and Meta, which

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Invest in Art

Labour should ‘invest big’ in arts and culture projects, says top economist | Autumn budget 2024

Now is the time to “invest, and invest big” in radical millennium-style arts and culture projects across the UK, an economist has urged ahead of the Labour government’s first budget on Wednesday. The chancellor, Rachel Reeves, needs to urgently fund projects that “make lives livable” to help rebuild deprived parts of the country, said Andy

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2023 could be the year to invest in contemporary art

Four foot dissected companion, by Brooklyn-based artist KAWS. Photo from Maddox Gallery Young professionals are embracing a diversifying art world, which could mean a continued boom for contemporary and ultra-contemporary works ‘A painting is not a picture of an experience, but is the experience’. Mark Rothko’s famous sentiment is increasingly being echoed by investors who

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UBS and Art Basel Collector Report Shows Demographic Changes, Coming Upheaval

The art market is nearing a critical inflection point, according to a new 2024 survey of global collecting from Art Basel and UBS. Rich people are getting richer, but art represents a lower percentage of their net worth than in years past; meanwhile, a core group of dedicated collectors report that they plan to attend

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What Is a Hedge Fund? Strategies, Managers, & How to Invest

Hedge fund managers seek an edge with diversified strategies. © insta_photos/stock.adobe.com Hedge funds are one of several types of alternative investments available to high-net-worth individuals and institutions. Hedge fund managers can invest in many different types of markets, including stocks, bonds, and commodities, but they also employ complex strategies such as taking long and short

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Invest in Art

Portugal Passes New Law for Cultural “Golden Visa”

03 Apr 2024 The Portuguese government has recently given the green light to a new law with the goal of boosting private investment in the country’s cultural scene. The law introduces two important programs: a Cultural “Golden Visa” and a Fund for the Acquisition of Works of Art for National Museums and Palaces. Cultural “Golden

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Final round of investment confirmed for inspiring community arts projects

Six community arts projects are celebrating after successfully winning funding for exciting initiatives in Exeter. The winning groups will deliver projects that create pride of place and opportunities for participation around the city. The projects, ranging from an ‘animation academy’ run by Yellow Mouse Studios, to new winter activities at Exeter Seedbank, will share £35,000

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Global Art Sales Decline As Wealthy Buyers Turn Cautious

What’s going on here? The global art market saw a 4% sales dip last year as economic uncertainty made wealthy buyers more cautious, UBS reports. What does this mean? UBS’s latest Art Market Report highlights how high interest rates and economic turbulence are prompting the affluent to buy art more deliberately. Global sales hit around

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Invest in Art

Should You Invest in Contemporary Art in 2023?

Is contemporary art a good investment in 2023? Before you jump in, it is crucial to understand the inner workings of this complex and exciting market. Discover the keys to… Contemporary art fascinates as much as it divides. Some see it as a speculative bubble, while others see it as a wise investment to diversify

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