Tag: Investment

NEW YORK--(BUSINESS WIRE)--Artory and Winston Art Group (“Artory/Winston”), a first-of-its-kind joint venture that is creating unique investment opportunities in the art market, announced today an opportunity with investment platform Republic. Both accredited and retail investors can invest in Damien Hirst’s Psalm 116: Dilexi, quoniam. This important artwork was selected based on expert valuation, due diligence and verification of provenance. In this inaugural opportunity, Republic ...

Each summer, New Yorkers depart the city for the Hamptons, heading there for beaches, drinking, and ritzy dining. This past Memorial Day weekend, something else was drawing Manhattanites as well: the art scene of the Hamptons, which over the past two years has been transformed. There has always been an art scene in the Hamptons, but never before has it seemed quite so vibrant. ...

The J. Paul Getty Trust, a nonprofit that oversees the Getty museum complex in Los Angeles, is suing the financial services firm Allianz Global Investors, alleging that the company “recklessly” mismanaged the trust’s investment fund, resulting in “significant losses” for the organization’s endowment. In a filing in the U.S. District Court for the Southern District of New York from March 3, the Getty Trust, ...

A man wearing a silver suit and silver bucket for a helmet walks down a busy dirt street in a ghetto in Kinshasa. This is just an ordinary day in the Democratic Republic of Congo (DRC)’s capital and most populous city of 17 million, and the Kongo Astronaut, with his suit plastered with digital debris made from minerals mined in Congo, has become an ...

We live in very different times, and one sign of the changed landscape is a general acceptance of art as a financial asset. The latest research from Deloitte and ArtTactic finds that 85% of wealth managers believe art and collectibles should be part of their client offering. In 2014, the equivalent survey found that just 53% were on board.One question is, what exactly does ...

It’s March as I write this, and Dubai is stretching like a cat after a nap. Vaccinations are rolling out at a furious pace and everywhere, there is a kind of manic, delirious optimism. At the end of January, I returned to my hometown after 15 years split mostly between Dubai and New York. I should have come back sooner. During college I would ...

MUMBAI: Nyan Cat, a cult GIF from YouTube that mixed a catchy pop song with an animated cat and became an internet sensation, turned 10 last month. To commemorate this, creator Chris Torres made a one-of-akind rendition of the animation and sold it for $590,000 in an online auction, 1 GIF animation, late last month. If the West has been swooning over non-fungible token ...

Amid controversy over his alleged ties to the late Jeffrey Epstein, Leon Black, a private equity investor well known in the art world for his collecting and patronage of museums, will depart the firm that he cofounded. The Wall Street Journal reports that Black, who currently serves as the chair of New York’s Museum of Modern Art, plans to leave Apollo Global Management Inc. ...

Future of Britain’s museums, galleries, theatres, independent cinemas, heritage sites and music venues will be protected with emergency grants and loans Funding will also be provided to restart construction work at cultural and heritage sites paused as a result of the pandemic Britain’s globally renowned arts, culture and heritage industries will receive a world-leading £1.57 billion rescue package to help weather the impact of ...

The credit crunch has cast its shadow over almost every aspect of life in Africa - including the erudite world of fine art. Galleries have closed everywhere from New York to London and Johannesburg to Cape Town as people have struggled to find the money for art. source