How to buy art: expert's advice 19/05/2014
Last week thewealthnet looked at contemporary art, and in particular at the dangers of investing in it long term (see thewealthnet 12/05/2014). This article focuses on buying in art in general, and explore several areas, which an aspiring art investor needs to consider.
Bursting the contemporary art bubble 12/05/2014
Art is on the radar of many investors, from the mass affluent to the ultra high net worth, and the biggest trend today is undoubtedly the growth in the contemporary art market.
One Oscar pre-owned 14/02/2014
Pawnbroker to the rich and famous borro has announced it has taken possession of an Oscar statuette.
Wholly pickled cow! World's wealthiest artists revealed 17/10/2013
British artist Damien Hirst is the world’s wealthiest artist, with net worth of $350 million, according to data from Wealth-X, an ultra high net worth (UHNW) intelligence provider.
NY hedge funds back art lending initiative for UK and European markets 17/10/2013
Willstone Management Capital Partners, the Panama domiciled art-investment company owned by Olyvia Kwok, a London-based art dealer and former St. James’s gallery owner, is to launch what is claimed to be the first sizeable dedicated art-lending business targeted at the UK and European art market. At present the art lending sector is dominated by New York, primarily because it is home to the world’s biggest art market, especially for contemporary art.
118-carat diamond fetches record $30.8 million 09/10/2013
An enormous 118-carat white diamond was sold in Hong Kong for what Sotheby’s labelled a record price of $30.8 million. The diamond is said to be the size of a small egg.
New art investment vehicle launches in the UK 19/09/2013
Olyvia Kwok, a London-based gallery owner, has launched Willstone Management, a specialist art investment business, which aims to make short- to medium-term profits by exploiting trends in prices of all genres of fine art.
The top ten billionaire art collectors named 07/06/2013
The world's biggest billionaire art buyers have art collections worth a combined $9.18 billion, constituting around 18 percent of their net worth, according to consultancy Wealth-X.
British financial adviser stuns Monaco nightclub by spending £330,000 on vintage champagne 31/05/2013
A British financial adviser to the ultra wealthy stunned party goers at the weekend when he spent an eye watering £330,000 on vintage champagne at a nightclub in Monaco.
Old whisky and cognac set for boom, fund manager predicts 19/04/2013
Oracle Capital Group, a global independent multi-family office and wealth consultancy, has launched the Oracle Paradis Wine Fund as a new alternative asset investment opportunity.