This summer big brand artists continued to set records at the major auction houses. But like all passion investments, art occupies a grey area between investment and lifestyle asset, so what role can it play in a family office’s portfolio?
This summer big brand artists continued to set records at the major auction houses. But like all passion investments, art occupies a grey area between investment and lifestyle asset, so what role can it play in a family office’s portfolio?
Rich people across the world hold about 10% of their wealth in treasure assets, such as art, antiques and classic cars – with jewellery proving most popular.
Rich people across the world hold about 10% of their wealth in treasure assets, such as art, antiques and classic cars – with jewellery proving most popular.
That’s the main finding of a study by Barclays Wealth, released 11 June, which said that amid market turmoil, investors are looking for tangible and familiar assets.
Fears of another global recession appear to be doing little to dampen sales at some auctions, with buyers recently flocking to Christie's Geneva to splash out on diamonds, watches and fine wines.
Fears of another global recession appear to be doing little to dampen sales at some auctions, with buyers recently flocking to Christie's Geneva to splash out on diamonds, watches and fine wines.
New world record prices were set at the auction house’s last sale of the year, which took place between 14 November and 16 November.
