December 17th, 2014
All change for art auction executives
Investors joining the trend for record-breaking art auction sales will find them facing new faces in the near future, as both Sotheby’s and Christie’s have announced that their leaders will be stepping down. The departures are cited by the LA Times as evidence that strong sales “do not necessarily translate into big profits” for auction houses, especially with the rise of online investments and the growing strenght of the Chinese market.
“Companies sometimes cut commissions to lure clients and of…
December 12th, 2014
US drives up gemstone demand
America has been the major driving force behind demand for gemstones this year, according to experts.
Last month, Sotheby’s set a world record for a ruby, when an auction for an 8.62 carat Burmese stone fetched £5.4 million.
“Gemstones have been performing well mainly because of jewellery buying on the street, predominantly led by the US,” Cailey Barker, mining analyst at Numis, told The Guardian.
Gemfields also fetched an average of £438 per carat at its latest ruby auction in Singapore. The compa…
December 3rd, 2014
Investing in film posters: An alternative happy ending?
Have you ever considered investing in film posters? They might the asset you have been looking for, notes The Telegraph, with prices soaring in the past decade and upcoming auctions set to place soon at Bonhams, Christie’s and Coys….