WEALTH
Resources
Principal content
Art collectors shrug off market woes
Art collectors this week shrugged off the US economic downturn and global financial turmoil to buy solidly at the big New York auctions although there were some signs of a more cautious mood seeping into the market
US art market beginning to feel strain
US art collectors are borrowing more heavily against the value of their artwork and are also more likely to demand guaranteed prices when they sell works at auction
Auction houses put faith in $1.8bn art sales
Auction houses Sotheby’s and Christie’s are confident of selling up to $1.8bn of Impressionist, postwar and contemporary artworks during the upcoming New York season
Artists boost ICA’s anniversary
High-profile figures from the world of art are donating works for an auction to raise money to mark the 60th birthday of London’s Institute for Contemporary Arts
State of the art insurance
As more significant works become privately owned, they get harder to protect. As a result, collectibles policies now stand at the forefront of a revolution as ancillary service providers hustle to keep pace
The price of exotic genius
Without any appropriate way of assessing risk, most bankers worry that the art market is opaque, illiquid and unpredictable. Even so, a number of hedge fund and investment managers are setting up trading funds to cash in on rising prices
The murky world of art finance
A controversial auction at Christie’s has shed light on questionable practices by dealers and financiers. It has also left a chilling lesson for investors in credit funds, writes John Dizard
China overtakes French art market
The French love of fine art appears to be in question after a survey showed that China has overtaken France as a market for art sales
Treasures you purchase to hold on to
In many ways, the coterie of antique rug collectors is the antithesis of the contemporary art market. Typically very private, serious patrons shun publicity and conduct transactions behind closed doors
From the White House with love
Russian art, once undervalued and appreciated only at the highest levels of American society, is gaining wider attention on the international art scene as a new generation of wealthy investors steadily buy up the work of domestic artists
