This is the time of year when budding artists around the country are busy putting the finishing touches to their final degree showpieces, the fruits of their past few years of artistic labour. Starting today, Slade School of Fine Art in London and Falmouth University in Cornwall are among the art colleges running the first
In 1984, contemporary artist Jean-Michel Basquiat’s work “Untitled” sold for $19,000 at auction. In April, it fetched $110.5 million, a record for an American artist at auction. Ultra-rich buyers are increasingly looking to a group of “superstar” artists like Basquiat when it comes to investing in art. The result: record high prices at the very
Toronto Mayor Olivia Chow has announced details of a new plan by the city to make major investments in arts and culture over the next 10 years. At a news conference on Thursday, Chow said the plan aims to bring cultural events to all corners of the city. These include areas historically under-represented. The plan commits
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As an adventurous type, I’ve toyed for many years with the idea of investing in what some call “emotional” assets. This huge, very personal investment space covers everything from stamps and vintage cars through to
A new study by Amy Whitaker, an assistant professor in visual arts management at New York University, and Roman Kräussl, a professor of finance at the University of Luxembourg, has found that artists may be better off investing in their own work than in the stock market. In their paper, titled Democratizing Art Markets: Fractional
Once, when asked about discrimination against female artists, the Abstract Expressionist Lee Krasner said the bias was as old as Judeo-Christian history. Brushing aside the weight of that realization, she added, “There’s nothing I can do about those 5,000 years.” She painted anyway, as have women throughout the ages who have continued to create despite
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Paul Solman: The usual minimum investment, $15,000, for shares of an artwork whose price is derived from an auction database tracking 7000 artists post-World War II. Masterworks says it only buys blue chips. Artists like Warhol and Kusama, whose values have outperformed the stock and bond markets for the past 20 years, Ed Ruscha, KAWS,
Editor’s Note: This story originally published on August 3, 2018 CNN — Art has become an asset class for more investors as the value of the market has grown. The highest end of the market has become a space for billionaires to face off. Recent records were set at Christie’s in 2015 when “Les femmes
Alternative assets – from works of art to vintage wines and whiskies to luxury watches – have long been a haven for open-minded investors when traditional assets like property and bonds underperform. However, expert guidance remains essential to navigating these markets, which can rely on what appear to be arcane systems for valuing assets. Happily,