Citigroup boasts one of the most long-standing art advisory groups in the industry, created for their high-net-worth clients in 1979 by banker turned gallerist, art critic and dealer, Jeffrey Deitch. The group publishes a brief annual report, as well as, periodic in-depth technical research, supported by the Global Perspectives & Solutions group. The 2015 Global … Continue reading Citi Art Advisory Reports
Where and when Fall and spring are the most important seasons for the auction world. Though London hosts the first big sales of the season, it is usually the bidding in New York that garners attention from the press. Did you know? Auction house galleries are open to the public. Those who are in New … Continue reading November Auctions Are Poised to Make Headlines. Here’s What You Should Know.
In business, “blue chip” is used to describe the largest or oldest companies, especially industry leaders, whose value is universally accepted. Similarly, blue chip artworks are those which have been created by the most important and widely recognized artists, whose position in the auction market has been solidified by exceptional sales volumes over the course … Continue reading What Is “Blue Chip” Art and How Does It Stack up against the S&P 500?
US stocks took a major tumble last week, including a sixth consecutive day of losses for the S&P. Since uncertainty on Wall Street can have implications down the road, with the November art auctions around the corner, we want to understand how a sell-off could impact fine art. There are two dimensions that need to … Continue reading What Happens to Art in a Financial Crisis?
Suppose we want to understand how a hypothetical investment in an Andy Warhol painting would have fared against the two most common types of investments: diversified stocks and government bonds. Masha Golovina, our Director of Market Analysis, put together some interesting data to help us answer this question. The chart below tracks the value of … Continue reading Can Andy Warhol Beat the S&P 500?
A new ease of investment. Investing in financial markets has never been easier than it is today, and in the last ten years, a number of new companies have emerged that enable access to alternative asset classes by eliminating the two most challenging barriers to entry for the general population: high capital requirements and the … Continue reading Why Art Should Be in Every Investor’s Portfolio
The importance of demand. In the marketplace for unique objects, demand determines pricing, so when you think about purchasing a work of art for reasons that are not purely aesthetic, you want to ensure that there will be sufficient demand for the piece in 5, 10 or 20 years. Masterpieces priced at $5 million or … Continue reading What is the Future of the High-End Art Market?