Money Laundering and the Art World

KatherineArt MarketLeave a Comment

Despite the best efforts of governments and financial institutions around the world, money laundering still accounts for roughly 2-5% of global GDP, or $1-2 trillion dollars annually. As the market for fine art continues to grow and become more readily accepted as an asset class, it has become a popular means for criminals to launder money. Transactions involving artwork are being used … Read More

Understanding Artist Estate Valuations

KatherineArt Collecting Advice, Art Market, Helpful TipsLeave a Comment

Judging art value is to weigh several factors at once. Current sales, auctions, and market trends must be examined and this data then needs to be projected into the future. There are different factors to consider for upcoming artists, the established, and the deceased. When an artist passes away, several hundred works can potentially hit the market at once. This … Read More

High Tech Collectors and The Art Market

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High-Tech-collectors

A new breed of fine art collector has come into the art market – tech company executives. A recent Business Insider article details the impact of these new collectors and the changes on the horizon. With greater demand comes fluctuations in prices. You can expect to see drastic changes in auction numbers and the value of art. The sizable number … Read More