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
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
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
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
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
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
Frankfurt – Mayer Brown is advising Art-Invest Real Estate on the acquisition of the residential real estate portfolio ELEMENT CORE LIVING, which consists of four properties in Hanover, Braunschweig, Dietzenbach and Dortmund. The seller is the open-ended mutual real estate fund FOKUS WOHNEN DEUTSCHLAND, which is managed by INDUSTRIA Immobilien GmbH and administered by the service KVG
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know this Tuesday, May 24. NEED-TO-READ Canadian Museums’ $617 Million Rebuild Draws Criticism – In British Columbia, a new proposal by the provincial government to spend CA$789 million ($617
Mayer Brown is advising Art-Invest Real Estate on the acquisition of the residential real estate portfolio ELEMENT CORE LIVING, which consists of four properties in Hanover, Braunschweig, Dietzenbach and Dortmund. The seller is the open-ended mutual real estate fund FOKUS WOHNEN DEUTSCHLAND, which is managed by INDUSTRIA Immobilien GmbH and administered by the service KVG
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