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Christie's abandons plans for financial services division and art fund
August 2009 - It has emerged that plans to establish an art financial services division together with an art investment fund were scrapped earlier this year by Christie's due to market conditions according to a report by Lindsay Pollock at Bloomberg. It is widely believed that Christie's wanted to compete with the success of Sotheby's Financial Services, a subsidiary of their main auction house rival based in New York which generated $6million in revenue during the first half of 2009. Read more
- News
- Modern Finance vs Modern Art (Part 2)
- Modern Finance vs Modern Art (Part 1)
- New art fund lures investors with 12% return offer
- Art benefits from investor disappointment in financial assets
- New wine fund launched by Ingenious
- Features
- February 2012: Themes for 2012 from Fine Art Wealth Management
- January 2012: Art Fund Tracker - Winter Issue now available
- January 2012: The Rise of the Managed Art Account
- January 2012: The Rise of the Managed Art Account
- January 2012: Fall in gobal stock markets causes HNWIs to turn to art in a flight to safety