Investing in art can be both financially rewarding and personally fulfilling. As a financial advisor, I encourage my clients to approach art investments with the same diligence they would apply to any other asset class—it is important to fully assess the rewards and risks of investing in art and collectibles. Key Takeaways Define your goals
Recent data has shown that millennials and Gen Z now account for a ‘significant proportion’ of art buyers Always thought the art world was completely inaccessible except to the titled and totally loaded? Not anymore. The younger generations are starting to put their money into art, showing that you can begin investing even on a
Investing in art may surprise and delight you. Sometimes it’s fine art, but not necessarily what you might expect. Take for instance the $6.2 million that cryptocurrency entrepreneur Justin Sun spent in November for a 25-cent banana duct-taped to a wall, which he then ate. That’s a lot of money for a snack. “There’s a
Back in 2018, as a literature student at the University of Delhi, I visited the National Gallery of Modern Art with my friends. Standing there, in front of a painting made over a century ago, I was in awe. It wasn’t the first time I had been to an art gallery. But I remember feeling
I asked financial planners where I could invest my money other than the stock market. They recommended art, real estate, and venture capital. One unexpected suggestion: investing in your career. Your employer may even pay for courses. When I finally decided to invest some of the cash sitting idle in my high-yield savings account, I
Last year, I attended a conference in a huge venue in Manila, where local artists showcased their talents through entertaining musical and dance performances. A small bakery and café had transformed its space into a gallery for emerging artists during weekends. The café owner explained how she began displaying art to attract more customers, but what
Diversifying your investments isn’t just about wisely balancing your portfolio between stocks and bonds. Alternative assets, such as fine art, might have a place in your portfolio as well. Art collecting and investment are no longer limited to the wealthy elite. If you’re interested in art, you can diversify your assets and even find something
As the UAE continues to cement its place on the global art map, Intent Gallery is poised to play a significant role in this narrative Published: Mon 8 Jan 2024, 2:51 PM Updated: Tue 9 Jan 2024, 4:33 PM In recent years, art has emerged as a popular asset class for the wealthy. In 2023,
Fine art and wine investing has long been the domain of the wealthiest of clients. New startups are tapping into an increased demand from a broader audience for alternative assets. “People are looking for ways to generate returns in more esoteric places,” said one wealth advisor. A new generation of upstart fintechs is hoping to
As the UAE continues to cement its place on the global art map, Intent Gallery is poised to play a significant role in this narrative Published: Mon 8 Jan 2024, 2:51 PM Updated: Tue 9 Jan 2024, 4:33 PM In recent years, art has emerged as a popular asset class for the wealthy. In 2023,