Fine Art Investment – Bing Gallery http://binggallery.com/ Sat, 23 Oct 2021 04:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://binggallery.com/wp-content/uploads/2021/04/default-150x150.png Fine Art Investment – Bing Gallery http://binggallery.com/ 32 32 How Shared Estates Makes Real Estate Investing Possible for Everyone | Sponsored https://binggallery.com/how-shared-estates-makes-real-estate-investing-possible-for-everyone-sponsored/ Sat, 23 Oct 2021 04:00:00 +0000 https://binggallery.com/how-shared-estates-makes-real-estate-investing-possible-for-everyone-sponsored/ If you’ve always wanted to start investing in real estate but thought you didn’t have the money, now is the chance. If you’ve always wanted to own some of the finest vacation rental properties in the Berkshires but thought you didn’t have the money, now is your chance. Recently, laws have been changed to allow […]]]>

If you’ve always wanted to start investing in real estate but thought you didn’t have the money, now is the chance.

If you’ve always wanted to own some of the finest vacation rental properties in the Berkshires but thought you didn’t have the money, now is your chance.

Recently, laws have been changed to allow real estate investing through crowdfunding, which means people can become investors for as little as $ 1,000.

“Think of it like GoFundMe for real estate investments,” said Daniel Dus, managing director and general partner of the Shared Estates Fund, a carbon neutral real estate development company. “Each project has its own LLC registered with the SEC. Our investors are co-owners of this property, which is owned by this LLC. “

This fund is fully concentrated in the county of Berkshire and its objective is to rescue failing historic properties from the 1800s and early 1900s, renovate them and install amenities such as private tennis courts, swimming pools, spas and even virtual reality and fine art game rooms. .

“Our most recently completed project, the Freeman Berkshires Project, is an 11,300 square foot estate in Egremont, Massachusetts. We funded $ 890,000 in crowdfunding, raised from 141 investors, ”said Dus.

His group tends to work with extremely exclusive properties that in the past have only been used a few times a year as a second, third or fourth residence. Through their efforts, Shared Estates is able to make homes accessible to the public through the vacation rental markets by reducing the cost per person.

One of the group’s properties, The Playhouse, was on Netflix’s “World’s Most Amazing Vacation Rentals”.

“Our first project was built by George Westinghouse, our second by a senior finance executive at Mercedes-Benz. We did a project that was developed by actor Christopher Reeve, and we are currently closing a project that was built for a US secretary of state, ”Dus said.

The idea is to target the small group travel market, primarily multigenerational family travel or small group travel, such as a family reunion or executive retreat. And the cost per person will often be lower than a standard hotel rate.

Plus, the group will have the entire property to themselves, which means you don’t share it with other groups or other guests. The cost of the group is approximately $ 100 per person per night.

The group also tries to offer the best possible amenities at their properties, such as Tesla Internet Trucks, game rooms, outdoor and indoor activities, and high-quality artwork by notable artists.

“We have world-renowned artists like John Lennon pieces by Yoko Ono, Maurice Sendak (Where the Wild Things Are) and Caldecott medalist Jared Pinkney (The Little Mermaid) hung at our properties to enhance the experience of our customers, ”said Dus. .

“At our Freeman Berkshires property, we have tennis courts, 40 acres of property, its own pond, two dining rooms, exercise rooms, game rooms and a library,” he said. “If you compare that to a standard hotel room in the Berkshires this weekend, it’ll cost $ 450 for a single bed and not much else. You just got your room.

Shared Estates aims to expose travelers to new experiences. For example, every Shared Estates property has Oculus virtual reality headsets.

“When was the last time you checked into a hotel and there was an Oculus headset there?” Dus said.

He is quick to point out that this is not a timeshare. Investors do not have the option of choosing a block of time to stay in the vacation rental property. Rather, they are co-owners of that particular property, and they will earn a return based on the amount of their investment.

“We are giving investors a 15% discount on our nightly rate, and we are giving a 20% discount to any customer with a personal address in Berkshire County,” Dus said. “But we are not a timeshare. Complete stop. “

Who can invest in a Shared Estates project?

In the past, investing in real estate projects like this was often reserved for extremely wealthy people who could afford hundreds of thousands of dollars or even millions of down payments and deposits.

But thanks to the changes in the law, if you have as little as $ 1,000, you could have invested in a shared domain project such as the Freeman Berkshires and owned a portion of that stake in that LLC.

“This opens up real estate investment to the masses at a time when house prices are rising and real estate investing is moving further and further away for most people,” Dus said. “He’s a real game changer. We have people from Wall Street investing, but we also have a lot of people in the local community investing in our projects.

“It’s particularly compelling to me because I grew up here. My mom is a teacher and my dad ran a martial arts school and was an engineer. So we would pass these areas, and I would watch them but I never dreamed of being able to set foot there, let alone being able to own them.

Dus said teachers, truck drivers and other area residents have invested in a Shared Estates property. He calls the recent legislation a boon for small investors.

“Historically, you had to be a qualified investor to invest in private equity deals, and you had to be worth a million dollars or more to be a qualified investor,” he said. “And now that dynamic has completely changed. You can invest very small amounts of money as long as you are over 18.

Another goal of Shared Estates is to make every property as public resource as possible. Each property donates 1% of its net income to a local charity. The Freeman Berkshires Project donates to the Elizabeth Freeman Center, a Pittsfield-based nonprofit that fights the cycle of domestic violence. The Kemble project at Lenox will donate its 1% to the Lenox library system.

Shared Estates also strives to connect its clients with local service providers, such as names of local dance teachers, local yoga teachers, caterers and massage therapists.

“Properties are a major driver of the local economy,” said Dus. “In addition, properties generate property tax revenue for schools and cities. “

How do investors make their money?

Like most other investments, Shared Estates makes annual distributions based on the size of the property in proportion to each investor’s total capital raised. In the case of the Freeman Berkshires, it was $ 890,000. So if you invested $ 10,000, you would own 1 in 89th of the property.

As the money is raised through all the different rental cash flows – Airbnb, VRBO, Flipkey – the investor recovers capital through what is called a ‘cascade’, which flows from the income. the highest – or gross -. Costs are deducted and the rest of the money – the net – is distributed to investors over time until they get all of their money back, plus an 8% preferential return on top of their invested capital.

Once investors earn their principle and that preferred 8% return, they receive 80% of all returns until they have doubled their money. Beyond a doubling of their initial investment, they perceive 60% of the profitability of the property.

To learn more about real estate investing with Shared Estates, you can visit sharedestates.fund or log in on Facebook. You can also call (917) 808-6377 for other questions.


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WeWork goes public two years after IPO canceled https://binggallery.com/wework-goes-public-two-years-after-ipo-canceled/ Thu, 21 Oct 2021 20:59:37 +0000 https://binggallery.com/wework-goes-public-two-years-after-ipo-canceled/ Two years after WeWork’s dramatic attempt to become a state-owned company failed, the coworking giant began trading on the stock exchange on Thursday, hoping investors will now believe in its prospects. The previous effort was met with concerns about WeWork’s meteoric growth, huge losses, and the alarming management style of co-founder Adam Neumann. WeWork has […]]]>

Two years after WeWork’s dramatic attempt to become a state-owned company failed, the coworking giant began trading on the stock exchange on Thursday, hoping investors will now believe in its prospects.

The previous effort was met with concerns about WeWork’s meteoric growth, huge losses, and the alarming management style of co-founder Adam Neumann. WeWork has new executives who have cut spending and hope to tap into an office space market disrupted by the pandemic. But the company still has ambitious growth targets, big losses and many empty offices at its 762 locations around the world. And WeWork has only survived for the past two years thanks to huge financial backing from SoftBank, the Japanese conglomerate that is WeWork’s largest shareholder.

“We arrived here on a different route than we planned, but here we are,” Marcelo Claure, executive chairman of WeWork and senior executive of SoftBank, said in an interview Thursday with CNBC.

Instead of an initial public offering, WeWork entered the public market by merging with a specialist acquisition company, or PSPC, which is a big hit these days. He is expected to raise up to $ 1.3 billion from the deal, an amount that includes stakes held by investment firms BlackRock and Fidelity. In Thursday’s stock price, WeWork was worth around $ 9.5 billion, a fraction of the $ 47 billion valuation placed on the company before investors degrade there in 2019.

PSPC shares, known as BowX, were trading around $ 10 this month. New WeWork shares – with the ticker WE – on Thursday closed at $ 11.78.

WeWork rents office space and charges membership fees to customers – including freelancers, start-ups, and small and large businesses – to use it. Its business is based on the belief that people might prefer the flexibility of such an arrangement to a traditional office lease, which can last for years and have other onerous terms.

While flexible office space isn’t new, WeWork said their company can not only revolutionize the way people work, but also change the way people live and think. Mr Neumann attracted billions of dollars in investment, the largest from SoftBank, which ended up bailing out WeWork when it pulled the 2019 IPO and was in danger of bankruptcy.

Investors in WeWork must judge whether SoftBank will use any increase in the share price to sell part of its 61% stake.

SoftBank may be eager to recoup the $ 16 billion it invested in WeWork, a sum that combines nearly $ 11 billion in equity investments, $ 5 billion in debt financing, and payments to Mr. Neumann.

“I made a bad decision,” Masayoshi Son, Managing Director of SoftBank, said last year. “I didn’t look well at WeWork.” SoftBank has agreed to limit its voting rights in the company to less than 50%. SoftBank and other investors have to wait several months before they can sell their shares.

The pandemic, which has emptied office towers across the world, has also crushed WeWork’s business.

Traditional landlords survived because tenants were legally obligated to continue paying their one-year leases, most of which remain in effect. But WeWork customers were able to cancel their much shorter-term agreements when they expired. WeWork’s revenue in the second quarter of this year was $ 593 million, well below the $ 988 million in revenue it reported for the first quarter of 2020, its record quarter.

And that partly explains why the company uses cash rather than generating it. In the first half of this year, WeWork consumed $ 1.31 billion in cash to run operations and purchase goods and equipment, more than $ 1.15 billion for the same period of 2020.

Still, WeWork has made strides in reducing its operating expenses – and is hoping it will become profitable if its revenue grows. Some of the biggest savings come from renegotiating leases with landlords or terminating them.

Sandeep Mathrani, chief executive of WeWork, said this month that the company has terminated more than 150 full leases and made 350 lease changes so far this year. “What we did during the pandemic was correct the cost structure, the right size of the business,” he said Thursday in an interview with CNBC.

Perhaps the biggest question hanging over WeWork is whether it will suffer from the downturn in some of the largest office markets or find an opening in a world of work reshaped by the pandemic.

Occupancy levels in office towers in cities like New York, Chicago and San Francisco, among WeWork’s largest markets, are still far below pre-pandemic levels – and may never return to where they were, many companies allowing employees to work entirely or partially from home. In this environment, companies free up their spaces when the leases expire or sublet them. As a result, record amounts of office space are thrown onto the market and rents have plummeted.

This could harm WeWork in several ways, according to industry experts. Fewer workers coming to cities means less business for all office space operators, including coworking companies. Falling office rents could undermine WeWork’s appeal and reduce what it can charge.

John Arenas, managing director of Serendipity Labs, a flexible office space company, said urban coworking companies face “competition from subletting, as well as resistance and uncertainty about returning to work.”

WeWork has a lot of empty desks. In the third quarter, it had 461,000 memberships and 764,000 physical offices, which translates into an occupancy rate of 60%. That’s down from 85% in mid-2019, but up from 45% at the end of last year.

WeWork could benefit if companies that cut back on traditional leases decide they need flexible spaces when they want employees to meet in one place.

And WeWork management says the companies they interact with want 20% of their total space to be flexible, in theory providing solid demand.

WeWork predicts that revenues will more than double by 2024 and that memberships will increase by more than 50%.

If all of this happens, Mr. Neumann, who left WeWork under a cloud during the 2019 IPO attempt, would benefit. His shares in the company are worth nearly $ 690 million at Thursday’s closing price. He also holds a type of option on WeWork shares worth over $ 230 million at the share price. By combining that with the more than $ 800 million he received for leaving and relinquishing control of the company, Mr. Neumann could one day rake in over $ 1 billion from WeWork.

“Adam is just another shareholder,” Claure told CNBC.


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As the health crisis recedes, FIAC keeps one foot in the virtual world while promoting the Parisian marketplace, the fourth most dynamic in the world in the latest Artprice report https://binggallery.com/as-the-health-crisis-recedes-fiac-keeps-one-foot-in-the-virtual-world-while-promoting-the-parisian-marketplace-the-fourth-most-dynamic-in-the-world-in-the-latest-artprice-report/ Wed, 20 Oct 2021 15:26:00 +0000 https://binggallery.com/as-the-health-crisis-recedes-fiac-keeps-one-foot-in-the-virtual-world-while-promoting-the-parisian-marketplace-the-fourth-most-dynamic-in-the-world-in-the-latest-artprice-report/ Posted: October 20, 2021 at 10:26 a.m. CDT|Update: 52 minutes ago PARIS, 20 October 2021 / PRNewswire / – This year, FIAC (that of Paris International Contemporary Art Fair) takes place at the Grand-Palais Ephémère, opposite the Champs-de-Mars park from the Eiffel Tower and until Sunday, October 24, welcomes 170 of the most prestigious galleries […]]]>

Posted: October 20, 2021 at 10:26 a.m. CDT|Update: 52 minutes ago

PARIS, 20 October 2021 / PRNewswire / – This year, FIAC (that of Paris International Contemporary Art Fair) takes place at the Grand-Palais Ephémère, opposite the Champs-de-Mars park from the Eiffel Tower and until Sunday, October 24, welcomes 170 of the most prestigious galleries in the world. Corn Jennifer flay, artistic director of the fair, has not forgotten the crisis which forced the cancellation of the 2020 edition and called into question a large part of the functioning of our society (and of the art market). She therefore decided to maintain an online version.

Breakdown of art auction turnover by medium in the first half of 2021 (PRNewsfoto / Artmarket.com)

According to thierry Ehrmann, CEO and founder of Artmarket.com and its Artprice department: “The FIAC online may not be the main event, but this version (which has 40 additional galleries) reflects a profound change in the art world, with the coexistence of two markets: the physical one with the FIAC (and its extramural shows / installations including a majestic sculpture by Alexandre calder place Vendôme), and the other, entirely online, which anyone can visit from their home on fiac.viewingrooms.com “.

The art market is not just about NFT …

Over the past six months, the art world has been excited about blockchain, a technology that has made a sensational entry into the auction world by March 2021 with the sale of Beeple’s NFT Everyday for $ 69.4 million at Christie’s new York. This was followed by Pak’s NFTs at Sotheby’s and Mad Dog Jones’s NFTs at Phillips, all of which garnered massive media comment and drastically changed the notion of what artistic creation is and how. it circulates at the beginning of the 21st century.

In its report on the Art Market for the first half of 2021 (https://www.artUSD/artprice-reports/the-contemporary-art-market-report-2021) Artprice nevertheless recalls that NFT’s public sales accounted for only 2% of global art auction turnover, a niche market, divided between new York (90%) and Hong Kong (9%) and represented less than 100 lots in total in the first six months of 2021.

The traditional paint market therefore remained 35 times larger than that of NFTs. Yet in just six months of existence, the latter is already twice as prosperous as the market for photographic works of art, which has seen 10,000 lots sold, but only generated $ 66 million (half of the NFT market over the same period).

Paris: careful but not back

Like every autumn, the French capital hosts an extraordinary range of exhibitions, covering almost the entire history of art: from Botticelli to the Jaquemart-André museum to Georg Baselitz and Georgia o’keeffe at the Center Pompidou, via the Morozov Collection at the Louis Vuitton Foundation and the newly opened Pinault Collection at the Bourse de Commerce.

At a time, Almine Rech and Perrotin Gallery present the work of one of the most talented representatives of current French artistic creation, Claire Tabouret. Two other galleries, Lévy Gorvy and Nathalie Obadia, present the work of the African-American artist Mickalene thomas.

Top 3 living French artists by auction turnover (H1 2021)

1 – Pierre Soulages (1919): $ 30,680,000

2 – Claire Tabouret (1981): $ 3,011,000

3 – Robert Combas (1957): $ 2,820 000

Paris is eclectic and forward-looking as evidenced by the award this year of the Marcel Duchamp Prize (which Artprice is very proud to support) for Lili Reynaud Dewar. At the same time, the 4th International Digital Arts Biennial is currently taking place at Centquatre-Paris.

Always behind London

The Parisian art market hopes to take advantage of Brexit and several leading galleries like Lévy Gorvy and David Zwirner opened outlets in Paris in anticipation of a certain isolation from the British market and Larry Gagosian inaugurates a third space in the French capital. But since the UK’s official exit from the EU, the balance between the two capitals has not changed much.

During Frieze Week, high quality works by Basquiat, Richter and Hockney were successfully auctioned in London reassure the local market. And the reappearance of Banksy’s Girl with balloon, renamed Love is in the trash (the one that partially self-destructed in 2018 after being sold for $ 1.4 million) generated a spectacular “event”, and a very spectacular result at $ 25.4 million.

In Paris, no lot offered by Christie’s or Sotheby’s should reach such heights during the FIAC, despite the sale of excellent Avant-Garde pieces by Magritte, Manet and Picabia, among others … While the galleries present the best contemporary creations at FIAC and in their respective points of sale, the auction houses continue to remind us that Paris was for a long time the artistic capital of the world …

Pictures: [https://imgpublic.artprice.com/img/wp/sites/11/2021/10/image1-artmarket-artprice_categories-NFT.jpg]

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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current information on the art market in databases containing more than 30 million indices and auction results, covering more than 770,000 artists.

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Artmarket with its Artprice department continuously accumulates data from 6,300 Auction Houses and produces key information on the Art Market for the main press and media agencies (7,200 publications). Its 5.4 million users (‘member login’ + social networks) have access to ads posted by other members, a network that is today the world’s leading standardized marketplace® for buying and selling works. art at a fixed or offered price (auctions regulated by paragraphs 2 and 3 of article L 321.3 of from France Trade code).

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Robert Delaunay, La Tour Eiffel (1928) (PRNewsfoto / Artmarket.com)
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Museum in New Orleans tells the story of Southern Jews https://binggallery.com/museum-in-new-orleans-tells-the-story-of-southern-jews/ Tue, 19 Oct 2021 09:02:59 +0000 https://binggallery.com/museum-in-new-orleans-tells-the-story-of-southern-jews/ This article is part of our last Fine Arts & Exhibitions special report, on how artistic institutions help the public to discover new options for the future. NEW ORLEANS – Some of the artifacts may seem trivial to be on display in a museum: a steam trunk, a hawker cart, a cash register from a […]]]>

This article is part of our last Fine Arts & Exhibitions special report, on how artistic institutions help the public to discover new options for the future.


NEW ORLEANS – Some of the artifacts may seem trivial to be on display in a museum: a steam trunk, a hawker cart, a cash register from a men’s clothing store.

But they reflect the little-known 350-year history of Jews in the southern states of America, which is at the center of the new $ 5.5 million envelope. Southern Jewish Experience Museum here.

“All of this about how the Jews came to the South, where they may have had a difficult reception and where they were able to forge loving relationships with their predominantly Christian neighbors,” said Jay Tanenbaum, a Atlanta-based investment banker and president of the board museum. “It’s a matter of tolerance and acceptance.”

Kenneth Hoffman, executive director of the museum, said immigrants to the south had “very different experiences” from their northern counterparts.

“We are delighted to tell our story to non-Jews and to Jews who do not know the history of Southern Jews,” Mr. Hoffman said, a historian trained by Tulane. “Our story is a universal story of how people navigate regardless of the environment they find themselves in. “

Although a small minority, Jews played a key role in the economic development of the South, establishing businesses and stores in hundreds of rural towns. Today, many of their descendants have moved to large urban centers like New Orleans and Atlanta, many of which are involved in the arts, philanthropy, and civic life.

As newcomers to America, the account of Ellis Island and the Lower East Side was not generally associated with the migration saga. Some came to the South as early as colonial times and later from Germany, France and Eastern Europe. Instead of working in sweatshops and living in overcrowded urban ghettos, newcomers frequently moved to the border, supporting each other like peddlers.

In the seclusion of the rural South, vendors were greeted with much-needed wares and news. Some settled in hospitable communities and established shops or bought land, which was often prohibited in the old country. Often they were the only Jews in the area.

Today, Jews make up less than 1% of the population of the South, Hoffman said.

The museum’s first gallery, “From immigrants to southerners”, tells the story of colonization. In the front and in the center is the steam box which Rachmeil Shapiro brought with him in 1905 as he traveled from Russia to Germany in Galveston, Texas.

Nearby is a cart of street vendors, filled with typical goods – rolls of fabric, pots, tools, children’s toys.

Next to it is a composite recreation of a small town retail store at the turn of the last century. The clock was once hung at Rosenzweig in Lake Village, Ark. The hat press is from Flowers Brothers in Lexington, Mississippi. There is an elaborate golden cash register from Galanty’s Men’s Wear in Lake Providence, La.

But the story of Southern Jews also has a dark side. While some Jews were on the side of the abolitionists, others were slave owners. In a gallery centered on the pre-war and Civil War period, there is a bill of sale for a 12-year-old girl named Harriet, “a slave for life”, sold for $ 1,000 to a woman from the Arkansas named Clara Wiseberg. The transaction was assisted by EE Levy.

A large mural shows a photograph of 19th century abolitionist rabbi Max Lillienthal. Superimposed on his image is an 1861 cope by Jacob Cohen of New Orleans, denouncing the rabbi’s anti-slavery stance.

Mr. Cohen would die in Confederate Gray in the Second Battle of Bull Run.

A visitor to the museum, Michael Brown, an African American from Berkeley, Calif., Said he was impressed with the way the museum is “willing to talk about the conflict that arises for all humans – the challenge of empathy”.

He added: “I like the way they show how Southern Jews have played both a progressive and a regressive role. “

Creating a new institution dealing with controversial subjects was not easy. An earlier version of the museum was established at a camp in Utica, Mississippi, and sponsored by a Jewish community organization, the Institute for Southern Jewish Life.

The Utica Museum held 4,000 documents, photographs, letters and religious objects. Although the collection is of interest to scholars, it does not attract many visitors. In 2012, the materials entered storage.

At the time, Mr. Tanenbaum, whose great-grandfather had settled in Dumas, Ark, was chairman of the institute’s board of directors. He said he “saw the need for the museum to continue, albeit in a different form and location.”

Although he had little professional experience in museums, Mr. Tanenbaum assembled a team that included philanthropists Morris Mintz, whose family were liquor distributors in Louisiana, and Russell Palmer, a real estate investor. Together, they raised almost $ 9 million, enough to start a new institution.

Gallagher & Associates, the museum’s planning and design firm, prepared a feasibility study. The company was then hired as lead designers of the museum.

“This was always going to be a place of ‘best museum practices’,” Hoffman said. “It was never going to be like Mickey Rooney and Judy Garland, ‘Hey kids, let’s put on a show.'”

The next task was to find the right location. A planning committee looked at Atlanta, Little Rock, and Memphis. New Orleans was selected, according to the museum’s website, because it was a “city with a vibrant Jewish population, a healthy tourist economy, and a city that did not yet have a Jewish-themed museum or other cultural attraction “. The museum is located in the Arts-Warehouse district.

With the planning underway, Anna Tucker, a curator at Kennesaw State University, was hired as curator. She began by rummaging through the Utica collection.

“It was intimidating rummaging through the boxes,” she recalls. “People have asked me how is it possible to cram 350 years of history into 13,000 square feet of museum space? The answer is: there is no way. All we can do is start conversations.

One of the problems was that the artifacts had been collected rather randomly. The new museum was to have a narrative based on defined themes: immigration, civil war, religious practices and the civil rights movement. Ms. Tucker needed objects supporting specific exhibits.

She decided to reach out to the Jewish community. The bet turned out to be successful, in particular to find original materials more recent events.

For the installation of WWII and the Holocaust, Susan Phillips Good and Rose Marie Phillips Wagman sent in the 1936 diary written by their mother, Elsa Hamburger Phillips. The diary, now on display, details how 13-year-old Ilsa Hamburger escaped Nazi Germany and settled with relatives in McGehee, Ark.

Next to it is a Haggadah in German, the Passover prayer book. It belonged to Ernest Marx, who was studying his bar mitzvah when he was taken to Kristallnacht, the first in a series of heartbreaking episodes he endured during World War II. After the war he moved to Louisville, Ky. Judith Bradley, his daughter-in-law, sent the prayer book to the museum.

For the Civil Rights and Activism gallery, Stephen Krause, a Californian, donated a series of oral history recordings that his father, Rabbi P. Allen Krause, produced in 1966 for his graduation thesis at the seminary. Rabbi Krause interviewed 13 southern rabbis about their response of congregations to the civil rights movement. Visitors to this exhibit can listen to portions of the interviews.

Launching a new museum in the midst of a pandemic presented challenges. A shortage of raw materials delayed the construction of the exhibition. Fundraising was hampered because some potential donors did not want to travel.

An official opening scheduled for October 2020 has been canceled due to the Covid. Instead, the museum quietly opened in May.

A second public launch attempt was scheduled for early October with a formal dinner for donors and a street fair. But with the resurgence of the virus in Louisiana, it was postponed until the spring. Then came Hurricane Ida. Back-up generators saved the collection, but the museum had to close for two weeks.

With an expected annual operating budget of $ 1.1 million, the museum hopes to attract 30,000 visitors per year.

“We want to broaden people’s understanding of what it means to be a Southerner, a Jew and ultimately an American,” Hoffman said. “It’s an American story. We believe that everyone can learn something about our great nation by exploring our experience. “


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Liquid Crafts Dragon and Bourbon NFTs will launch on October 29 https://binggallery.com/liquid-crafts-dragon-and-bourbon-nfts-will-launch-on-october-29/ Sat, 16 Oct 2021 12:31:34 +0000 https://binggallery.com/liquid-crafts-dragon-and-bourbon-nfts-will-launch-on-october-29/ Today the official launch date has been announced for the release of the Liquid Crafts Limited Edition NFT Collection – Dragons and Bourbon, October 29 at 12:00 p.m. PST. Each NFT is tied to a rare, handcrafted and unique bourbon bottle that can be redeemed like any other NFT, but also redeemed for the physical […]]]>

Today the official launch date has been announced for the release of the Liquid Crafts Limited Edition NFT Collection – Dragons and Bourbon, October 29 at 12:00 p.m. PST. Each NFT is tied to a rare, handcrafted and unique bourbon bottle that can be redeemed like any other NFT, but also redeemed for the physical bottle at any time the holder sees fit.

This is a whole new concept that removes some of the barriers associated with investing in fine liquors. It also gives NFT collectors a chance to diversify their portfolios and take a step into this more traditional style of investing.

The Dragons and Bourbon NFT series

Liquid Craft’s first initial mint – Dragons & Bourbon (D&B), is only available in this Limited Collection for the October 29 launch. Liquid Craft has taken the most delicate, handcrafted, and one-of-a-kind bourbons and linked these bottles of liquid art to limited edition NFTs.

This fine, small-batch bourbon is made by The Heart Distillery, a team of award-winning international distillers from the beautiful and pristine Colorado Rockies. The Heart Distillery really went above and beyond to create a one-of-a-kind premium bundle that you can’t find anywhere else – a true bottle of liquid art to collect.

Fine liqueur and NFT – A perfect match?

The world of fine wines, rare spirits and liqueurs is a constantly growing market that has seen values ​​rise more than 500% over the past decade, as the number of collectors and potential investors trying to capitalize on this appreciation has similarly skyrocketed.

With the popularity of TVN in 2021 growing like never before, Liquid Craft identified an opportunity for both markets to coexist and mutually benefit from each other.

Typically, the procedures involved when investing in rare spirits and fine wines include intermediate processes such as brokers and auction houses. At the same time, investors should also consider expensive (and potentially risky) shipping and secure storage. Not an easy or exceptionally smooth task for new entrants to the market.

NFT backed by valuable assets

This is where NFTs come in. Liquid Craft uses this new and widespread technology to remove these barriers and bring a new wave of investment opportunities for collectors in both industries. Collectors of NFT are now able to trade tangible, physical and rewarding assets in the form of fine liquors, while traditional investors of these spirits and wines can forget about the previous hurdles they faced when making their way. engaged in this investment space.

How Liquid Craft mixes the two worlds

The basic concept of NFTs is simple, NFTs are tokens that can represent the ownership of unique items, art, music, collectibles and now unique spirits and wines. They can be traded, collected, offered, sold and resold, have only one official owner, cannot be changed, and are secured by a smart contract via blockchain technology.

By simply purchasing the NFT tied to the physical bottle, investors can use the simplicity, speed, and security of blockchain to invest in real, tangible, and valuable liquid assets. The bottle must never leave the safety of the supplier unless the harvest (buyback) is requested from the owner. The holder can exchange the cylinder once purchased or keep the NFT long term, but once requested, a redemption process takes place and the NFT is withdrawn from circulation.

Gone are the days of middlemen, auction houses and brokers. Investing in alcohol is now open to the general public through Liquid Crafts liquid art NFTs.

Official launch of Liquid Crafts on October 29

Liquid Craft is gearing up for a big launch day on October 29, with its limited supply of D&B NFTs backed by the Small Batch Collectible Bourbon to be released in two tiers. One on the Ethereum network and the other on the Binance Smart Chain. All initial buyers will receive several rewards as part of the celebration, including drops of Liquid Crafts CRAFT Native Tokens, exclusive events, and automatic entry to all future Liquid Craft giveaways.

Liquid Craft partners with leading SEO agency Coinpresso

The team carries out several AMAs, pre-release promotions and has also partnered with specialists crypto marketing agency Coinpresso, as part of their marketing campaign for launch day and future releases. The initial mint is expected to be in high demand due to the collection’s limited availability and planned marketing efforts until launch on October 29.

Liquid Craft offers a new perspective on the NFT market and brings with it a game-changing experience in the more traditional world of investing in fine wines and spirits – a win-win for fans of both.

Twitter: https://twitter.com/CraftLiquid

Media contact:

Curtis ramsay
Curtis@Coinpresso.io



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New Venues – the latest news from auction houses in the UK and overseas https://binggallery.com/new-venues-the-latest-news-from-auction-houses-in-the-uk-and-overseas/ Tue, 12 Oct 2021 23:30:15 +0000 https://binggallery.com/new-venues-the-latest-news-from-auction-houses-in-the-uk-and-overseas/ From left to right: Neil Grenyer, Brian Goodison-Blanks and Cristian Beadman in Bearnes, Hampton & Littlewood. Laura Chester Oct 13, 2021 Bearnes, Hampton and Littlewood Bearnes, Hampton & Littlewood have appointed Cristian Beadman as Director and Co-Head of Furniture. After spending a decade at Christie’s, 15 years at Dreweatts and then at Duke’s from 2019, […]]]>

From left to right: Neil Grenyer, Brian Goodison-Blanks and Cristian Beadman in Bearnes, Hampton & Littlewood.

Bearnes, Hampton and Littlewood

Bearnes, Hampton & Littlewood have appointed Cristian Beadman as Director and Co-Head of Furniture. After spending a decade at Christie’s, 15 years at Dreweatts and then at Duke’s from 2019, Beadman, born and raised in Devon, said he was “now at home”.

Also at Bearnes, Hampton & Littlewood Brian Goodison-Blanks will join the board. He has worked for the company for 17 years and heads the maritime, sports and collectors departments.

The firm also appointed Neil Grenyer as its Dorset representative. Grenyer worked at

Bonhams and a number of regional auction houses, including Lawrences of Crewkerne.

Bonhams


Olivier Wiseman

Oliver Wiseman joined Bonhams as Senior Wine Specialist in Paris.

Oliver Wiseman joined Bonhams as Senior Wine Specialist in Paris. He was previously responsible for Christie’s wine department for France and Switzerland from Paris and Geneva. The inaugural sale of Bonhams wines in Paris will take place in the new Bonhams auction house at 4 rue de la Paix on December 2nd.

The fine arts group


Jan Prasens

The Fine Art Group has appointed Jan Prasens as vice president in New York.

Art advisers and art finance specialists The Fine Art Group has appointed Jan Prasens as vice president in New York. He was previously at Sotheby’s, where he notably headed the financial services division of Sotheby’s. Prasens will focus on the firm’s global expansion through its art consulting, finance, agency, investment and appraisal services.

Andrew Jones auction


Jena lee

Andrew Jones Auctions of Los Angeles has appointed Jena Lee as their representative for the Pacific Northwest.

Andrew Jones Auctions of Los Angeles has appointed Jena Lee as their representative for the Pacific Northwest. She is an art appraiser and consultant, with over a decade of experience appraising artwork and residential content. As a specialist in modern and contemporary fine art, Lee began his career as an appraiser at Charles Credaroli Fine Art Services in Los Angeles. She recently moved to Portland, Oregon.


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Art and gastronomy at the Four Seasons Hotel in Madrid https://binggallery.com/art-and-gastronomy-at-the-four-seasons-hotel-in-madrid/ Mon, 11 Oct 2021 17:25:48 +0000 https://binggallery.com/art-and-gastronomy-at-the-four-seasons-hotel-in-madrid/ The sculpture of KAWS has been attributed to Four Seasons Hotel Madrid by Mark Scheinberg, founder of the global investment firm Mohari hospitality. Mohari is co-owner of the building Madrid Center Canalejas in which the Four Seasons Madrid Hotel. Photo: Four seasons Mark Scheinberg, founder of Mohari Hospitality, tells: “This iconic KAWS sculpture it is […]]]>

The sculpture of KAWS has been attributed to Four Seasons Hotel Madrid by Mark Scheinberg, founder of the global investment firm Mohari hospitality. Mohari is co-owner of the building Madrid Center Canalejas in which the Four Seasons Madrid Hotel.

Photo: Four seasons

Mark Scheinberg, founder of Mohari Hospitality, tells: “This iconic KAWS sculpture it is visually very contemporary, but represents traditional and enduring values ​​of collaboration, cooperation and mutual aid. This ultra-contemporary piece, by a Brooklyn graffiti artist, fits perfectly into this historic building in the heart of Madrid. a perfect contrast between the old and the new. I am delighted that guests and visitors to the Four Seasons Madrid have the opportunity to admire this impressive work.

According to the regional vice president and general manager of the hotel, Adrian Messerli, “We are proud to have such an impressive museum-quality sculpture by a world-renowned artist who becomes the center of attention of our now iconic lobby. People already come to the hotel just to see the new sculpture that complements the hotel’s spectacular art collection.

From his origins as a graffiti artist to New York in the 90s, KAWS has become an international name in its own right within the art industry, recognized for its exploration of themes of reinterpretation and appropriation deconstructive. His work, which ranges from cult figures to paintings, sculptures and public projects On a large scale, it is collected by connoisseurs and exhibited in the largest museums in the world.

Four Seasons Madrid.  / Photo: Instagram
Four Seasons Madrid. / Photo: Instagram

New sculpture in the lobby brings an international touch that complements the existing art collection at the Four Seasons. The art curator Paloma Fernandez-Iriondo collected nearly 1,500 paintings, graphics, photographs and sculptures, all by Spanish artists, which are now on display throughout the hotel. As she explains: “To tackle the artistic project, it was necessary to recognize the history of the hotel buildings and their 19th century essence, but also to honor the 21st century and to show a commitment to the local community today.

Four Seasons Madrid.  / Photo: Instagram
Four Seasons Madrid. / Photo: Instagram

Reflecting the historic architecture of the hotel, the more than 300 plaster reproductions of the Royal Academy of Fine Arts of San Fernando, which is located right in front of the hotel and the collaborative project with the Thyssen-Bornemisza National Museumundoubtedly two of the most recognized artistic institutions in Madrid.

Aiming to bring fresh energy and imagination, Fernandez-Iriondo sought out the work of emerging Spanish artists by organizing a competition in fine arts schools in Madrid, Malaga and Seville. In four years, more than 500 proposals have been submitted in the categories painting, graphic work, work on paper, photography, plaster work and sculpture. Finally, 75 proposals were selected and reproduced to decorate the rooms, suites and corridors. Some artists have also been commissioned to create specific works to liven up specific areas of the hotel, including Dani restaurant, the ISA restaurant and the Four Seasons Spa.

The second part of the plan: eat at Dani Brasserie

Dani Brewery is the last project of Dani Garcia. A proposal that bears its own name and which looks back on the emblematic career of the chef from Malaga. The restaurant has its own entrance on Calle Sevilla directly on the seventh floor of the hotel Four Seasons where he is. A rooftop with the most powerful views of the horizon From the capital. The chef has successfully presented projects in Madrid such as BIBO and Lobito de Mar.

Dani Brewery It is a place where creativity and technique coexist with a taste for traditional Andalusian recipes and the flavors that have marked his career over the years, enveloped in the undeniable duende of the creator of the “new Andalusian cuisine” at the beginning of the years. 2000s.

Restaurante Dani Brasserie at the Four Seasons Madrid.  / Photo: Instagram
Restaurante Dani Brasserie at Four Seasons Madrid / Photo: Instagram

Open non-stop until midnight, the restaurant offers a breathtaking view of the city. Dani Garcia invites the guest to escape with its haute cuisine menu and to taste delicate dishes in a more relaxed way. Developments that evoke memories of their Andalusia native, new Andalusian cuisine, its passion for the flavors of the world, and its creativity and avant-garde technique that enhance the raw material in each preparation. A cuisine of contrast, whether in texture, temperature or flavor, but also nuances with subtle contrasts of ingredients that sublimate and soften.

Of the Dany It is a full menu and suitable for all tastes but without a doubt one of the best dishes presented there is the nitro (nitrogenous) tomato which you see in the video above. This one tricks the palate in a unique way into believing that you are eating a bite of some sort of futuristic food. It’s fun because the flavors differ in isolation but blend together impressively and the textures are out of the ordinary. You can’t stop visiting Dani Brewery! It is a mandatory stop. And the eternal after-dinners cannot be absent with the spectacular views that, as we mentioned, you have from the restaurant in the city. The service is impeccable.

TRICK: Ask Adriana, a foreign waitress passionate about Dani’s creations.

More about Four Seasons Hotel Madrid

Located in the heart of Madrid, on the corner where the emblematic Calle de Sevilla and Calle de Alcalá meet, Four Seasons Madrid Hotel It is part of Centro Canalejas Madrid, a new hotel, residential and commercial complex that brings together seven historic buildings, the oldest dating from 1887. Mohari Hospitality acquired a 50% stake in Centro Canalejas in February 2017 with the developer OHL Desarrollos. Since then, the resort has undergone a major renovation, with all original buildings fully restored and reimagined in a modern and sleek style, open to the public in September 2020.

Disclaimer: This article is generated from the feed and is not edited by our team.



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Pandora Papers presentation: On the trail of trust networks linked to Nadesan | Print edition https://binggallery.com/pandora-papers-presentation-on-the-trail-of-trust-networks-linked-to-nadesan-print-edition/ Sun, 10 Oct 2021 00:27:39 +0000 https://binggallery.com/pandora-papers-presentation-on-the-trail-of-trust-networks-linked-to-nadesan-print-edition/ By Namini Wijedasa Views) : The offshore financial world is a Byzantine maze that allows clients to protect their wealth from the national tax regimes that govern the rest of us. But continued data breaches by whistleblowers are slowly removing layers to reveal how much money is hidden abroad. It is a complex body of […]]]>

By Namini Wijedasa

Views) :

The offshore financial world is a Byzantine maze that allows clients to protect their wealth from the national tax regimes that govern the rest of us. But continued data breaches by whistleblowers are slowly removing layers to reveal how much money is hidden abroad.

It is a complex body of trusts, holding companies, other entities and bank accounts. While there are legitimate uses for all of these – and there is often no documentary evidence to say wealth is ill-gotten – the use of multiple instruments in multiple tax havens via proxies indicates a strong desire to secret.

The latest leak concerns the Pandora Papers, 11.9 million confidential files obtained and analyzed by the International Consortium of Investigative Journalists (ICIJ) in collaboration with hundreds of journalists from around the world. Sri Lanka was among the best stories because businessman Thirukumar Nadesan and his wife, retired parliamentarian Nirupama Rajapaksa, were included with some precision in the documents.

Although Mr. Nadesan is not a politician, unlike his wife, he is identified in the documents as a “PPE” or a “politically exposed person”.

Among the most fascinating details of the data breach is a sprawling collection of paintings owned by the offshore company Pacific Commodities Ltd (PCL) which was incorporated in Samoa. Its purpose is “investment holding” and its beneficial owner is Thirukumar Nadesan.

PCL is linked to the Pacific Trust which was originally established in February 1990. Its directors are Raffles Directors Ltd and the shareholder is Raffles Nominees Ltd as representative of Mr. Nadesan. PCL controls the paints.

The masterpieces – documents show each of them have market values ​​of tens of thousands of dollars – include at least 11 works by Sri Lankan cubist master, George Keyt. Among them are ‘The Reigning Powers of Europe’, ‘The Royalties’, ‘Lovers Untitled (1982),’ Sasajataka 3 ‘,’ Mother And Daughter (1989), ‘Seated Woman Dressing’, ‘Woman with Mirror’ and ‘Woman with Parasol’. There is also a watercolor by Andrew Nicholl entitled “Ceylon”.

A pro forma invoice dated January 2018 showed the transfer of artwork from a London-based art warehouse and transporter to the Geneva Freeport, a large art storage complex in Switzerland. The sender was Asiaciti Trust Singapore Pte Ltd, a financial services provider through which Mr. Nadesan carried on all of his business.

Asiaciti has overseen the set-up of the businessman’s many offshore entities (according to email communications, key events are happening on ‘lucky dates’) including the Sri Nithi Trust of which he is a director. ‘investment. It was registered in New Zealand but transferred to the Cook Islands in May 2017. Until then it was administered by AsiaTrust New Zealand Ltd (incorporated in New Zealand) with Mr. Nadesan as settlor and the children as beneficiaries. It was created for “succession planning” purposes.

Sri Nithi has three underlying companies: Pallene Investments (incorporated in the British Virgin Islands in 2012) which was formed to own two apartments in Holland Park and St. James’s Garden in London and a bank account; Concord Assets Inc, which was incorporated in 2012 in Samoa, for “investment holding”, but is dormant; and Chalan Oil Exploration Ltd (incorporated in Jersey in 1993) which owns a property at Haymarket in Sydney, Australia.

The directors of Pallene Investments are Westco Director’s Ltd and its beneficiary is Mr. Nadesan. The couple are also related to Rosetti Ltd, registered on the Channel Island of Jersey in 1991. It is the holding company of Chalan Oil Exploration and its income is “through contracts entered into by Rosetti Ltd with various entities. foreign and fees collected for services. rendered by Rosetti Ltd ”. However, he had not made any income for a long period of time, according to the newspapers. It was liquidated in January 2013 after transferring its cash and investment securities to Pallene.

Meanwhile, Rosetti’s financial statement ending December 31, 2010, shows that the one-time Hong Kong dollar share of Red Ruth Investments Limited – an entity incorporated in Hong Kong for the purpose of holding investments and owned at 100 % by Rosetti – was transferred during the year to Mr. Nadesan.

The documents contain details of subsequent transactions between Red Ruth and Sri Nithi and several other entities cited in this article. They also state that Red Ruth exists outside of the Sri Nithi Trust structure (with all of its companies) and is owned by UBO. [ultimate beneficial owner].

This entire network is owned by a single financial services provider, Asiaciti, which was part of the Pandora Papers. Entities have been used to make investments, sell or buy properties, lend to each other and other financial matters.

The papers end with transactions related to 2019 but there is activity going back to 2011 and before. The documents also show that another entity called the Nadesan Trust was first established around 1991 as a Guernsey trust. It was then moved to Monaco and the Channel Islands. 90% of its assets would consist of a real estate portfolio and investments.


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Singers with ties to central Texas take their talents to the national stage https://binggallery.com/singers-with-ties-to-central-texas-take-their-talents-to-the-national-stage/ Sat, 09 Oct 2021 02:05:28 +0000 https://binggallery.com/singers-with-ties-to-central-texas-take-their-talents-to-the-national-stage/ The town of Killeen is back on the map with two local artists competing in a national song competition, but they are not the first to do so on the world stage. Rose Short knows exactly what it feels like to be front and center on this national stage. With Jershika Maple and Manny Keith […]]]>

The town of Killeen is back on the map with two local artists competing in a national song competition, but they are not the first to do so on the world stage.

Rose Short knows exactly what it feels like to be front and center on this national stage. With Jershika Maple and Manny Keith in her place, it’s a good sign that Killeen’s entertainment hub is gaining momentum.

These days, Rose Short is still singing. Short says that since her time in the national spotlight and throughout the pandemic, she has been able to focus on her craft.

Short said: “I got to be honest about my sound, tap into my sound and really develop … who I am as an artist. I recorded a lot!”

Seeing other artists from her hometown on the same stage she was dominating is a different kind of pride.

“To be able to step onto the world stage. You know, first of all, it’s a unique thing in life,” Short said. “To see the performance, it allows the mind to believe that it can really happen.”

Short said seeing local talent on the national stage is important for local singers to see their dreams come true. Especially knowing that Killeen is not Los Angeles, when it comes to entertainment. Fortunately, Short says social media has been a game-changer.

Short said, “It’s just a lot of things that relate to the arts, you know, [things] we don’t really have one here. It just started to gain momentum, the entertainment just started to gain momentum a few years ago. “

Short, Jershika Maple and Manny Keith are all Killeen ISD graduates, Director of Fine Arts Dr. Karen Herrera said the talent of this school district is undeniable.

Courtesy: KISD

Herrera said, “It just puts more emphasis on the arts, whenever we have students who excel in that way. There are so many examples I could cite of our kids, you know, doing well in all fields, and academics too like athletics and the fine arts. “

Herrera said she was honored to work for a district that makes the fine arts a priority.

“It’s so great that Killeen ISD is investing so much in our fine arts programs and making sure, even though we don’t have to do it according to state standards, to offer all of the artistic disciplines that we do. let’s practice here. Not just early on at an entry-level, but higher level art classes throughout our programs, “said Dr Herrera.

This investment is paying off, putting KISD and the town of Killeen on the map.

Herrera said: “We are delighted to see how they are doing in the competition, for sure Killeen ISD will be behind them all the way.”

Short wishes Maple and Keith the best of luck for the rest of the competition. She says there will soon be an announcement for an evening of listening with her new music.

If you want to follow the latest events and music from Short Click here.


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How to invest in a booming collectibles market https://binggallery.com/how-to-invest-in-a-booming-collectibles-market/ Thu, 07 Oct 2021 13:39:57 +0000 https://binggallery.com/how-to-invest-in-a-booming-collectibles-market/ With the explosion in popularity of non-fungible tokens, online investors and collectors have driven up the prices of all kinds of digital collectibles, from basketball cards and rock designs to virtual racehorses. But many traditional items that people love to collect are also seeing an increase in popularity. More from Grow:How I went from debt […]]]>

With the explosion in popularity of non-fungible tokens, online investors and collectors have driven up the prices of all kinds of digital collectibles, from basketball cards and rock designs to virtual racehorses.

But many traditional items that people love to collect are also seeing an increase in popularity.

More from Grow:
How I went from debt and low credit to building wealth
5 collectibles that can make a big payday (and 6 that probably won’t)
I used to owe $ 40,000 and now I’m on track to retire at 65 with over $ 1.5 million

“In early 2020, there was a slowdown in auctions and exhibitions,” says Laura Doyle, head of art, jewelry and valuable collections at insurer Chubb. “Then, as people spent more time indoors, they had more time to devote to their passions, including collecting.”

As a result, she says, “we’ve seen record prices in virtually every category.”

With the rise in prices, many investors are seeing collectibles as an investment opportunity. Nearly half of Americans (47%) say they would buy jewelry as an investment if they had the money to do so, according to one recent Chubb poll. About 40% said they would do the same with art, and about a third of respondents said they would add wine to their wallet if they could.

Read on to find out how the experts say you can strategically start a collection while maximizing your chances of your valuables appreciating over time.

“Be an informed collector”

If you’re hoping to eventually make a profit on your collection, you’ll need in-depth knowledge of the area you’re collecting in, says Xiliary Twil, senior accredited fine arts appraiser with the American Society of Appraisers. “The goal is to learn as much as possible and to be an informed collector,” she says. “That’s the key to everything. You wouldn’t want to go out and buy stocks without doing your research. “

In the fine art world, that means following all the free literature you can get your hands on to get a feel for the art and artists that are trending among collectors, Twil says. “All the big galleries have mailing lists and some offer virtual tours,” she says. “Auction houses like Sotheby’s, Christie’s and Phillips have very good writers who publish articles on recent trends and market research.”

Video of Courtney Stith

If you don’t know where to start, experts recommend contacting an auction house or consulting firm that specializes in the product you want to start collecting. “You want to go to reputable people who will give you advice. Ultimately their goal may be to sell you something, but they are going to give you the confidence and knowledge to feel good about what you are buying,” explains Irv Goldman. , CEO of Acker Wines auction house.

“You don’t want to just read something online and say to yourself, ‘That sounds good,'” he adds. “Go into a business that tries to get people to invest in wine and choose their brains. Ask them how they choose wine and what their process is. Like anything else, you have to do your homework.”

Calibrate your expectations

Depending on what you collect and how you collect, you may be able to get a good return on your investment. According to Acker data, a fine and rare wine index has generated a cumulative return of 242% since the start of 2006. This is less than the 300% return of the S&P 500, but a respectable figure associated with a fraction. the volatility of the stock. market during the same period, according to Goldman.

Any collector’s item you buy has a chance of generating a much more dramatic return, both ways. “Designer sneakers are currently a $ 79 billion market that is expected to grow to $ 120 billion by 2026,” Twil says. So it’s not hard for a collector to imagine that the right pair of shoes could make their wallet skyrocket. But things can also go the other way.

“No matter what type of furniture you collect, it will end up being old-fashioned,” Twil says. “We all thought the shoulder pads, spiky hair, off the shoulder tees and leggings were the most amazing look of the ’80s. They didn’t stay.”

To give yourself the best chance of making a profit, try setting up a diverse collection of the article you have chosen that covers different areas of the market that interest you. This way, according to experts, the value of your collection will not collapse along with a drop in a particular coin. “For an entry-level wine investor, you are considering $ 100 to $ 150 a bottle,” Goldman explains. “If you can start by spreading your first investment over, say, six different regions, you’re fine.”

Even if you do your research and spread your bets, there’s no guarantee that your interests will be aligned with those of the market, says Doyle. So “buy what you like,” she says. “Because you never know what’s going to happen. There are no guaranteed returns.”

Protect your investment


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