Around February of this year, in the midst of the still-pending cryptocurrency boom, a sub-category of digital assets started to really take off. NonFungible.com reported that by the first quarter of 2021, over $2 billion worth of transactions had taken place in the NFT market. Musician Grimes sold almost $6 million worth of digital art via digital asset marketplace Nifty Gateway, who are partnered with Sotheby’s. Twitter founder Jack Dorsey auctioned his first ever tweet as an NFT, the final bid closing at $2.9 million. UFC Heavyweight Champion Francis Ngannou sold NFTs following his knockout victory over Stipe Miocic. The proceeds of the sale, $580,000, was actually more than his disclosed purse for the fight itself that earned him the belt. Despite the hype, in many regards serving as a speculator’s dream, NFTs come with inherent issues that threaten to hamper widespread and enduring adoption.
Czeslaw Znamierowski, an artist who died forty years ago, is gaining fame in the 21st century. His artwork recently sold for $120,000 in China, setting a personal record. Znamerovsky’s paintings began to be bought up by oriental auctions, galleries and collectors, according to the Chinese news agencies. In a relatively short time, the cost of Cheslav Znamerovsky’s paintings increased from several hundred to tens of thousands and even hundreds of thousands of dollars.
Despite its relatively short term as the Soviet Union’s main battle rifle, this has not diminished the SKS rifle’s presence on the global market as an increasingly sought-after firearm that is both highly collectible and investible. There are in fact numerous reasons for this. The most readily apparent is the historical aspect. There is of course the SKS rifle’s iconic status as a classic WWII and Cold War era firearm of the Soviet Union. There is also its extensive use by other countries across numerous conflicts throughout history, including the Chinese Civil War and the Vietnam War. To this day, the SKS remains in active, secondary, and ceremonial use across the world.
Thomas says: “The toughest part of my career was to build that confidence step by step and on both sides: funding partners and art clients. It was like a wall of bricks. Brick by brick, loan by loan, I got better.”
“If you are on the art side, it is necessary to get involved in the art market. I know a lot of big galleries that look for staff. People who know how to run an art market business are candidates in high demand that these big galleries want to hire.”
Thomas González has always had a passion for art. So today, he arranges art loans and has committed himself to the art loan business. He has developed a trusted cadre of financial partners, responsible for successfully brokering art loans above one hundred million Euros.
We at World Art News have had the pleasure of interviewing Thomas in a two-part series to discover his secrets to running a successful art loans business.
In 2021, the Old Masters category struck the art world yet again when a Sandro Botticelli portrait from the private collection of late real estate mogul Sheldon Solow sold at Sotheby’s in New York on January 28 for $92.2 million. In comparison to the others, this is a minuscule purchase. This is a list of the top 5 most expensive paintings ever sold from Old Masters sales.
I’m a big fan of gold in all of its beautiful forms, from bullion and coins to jewelry and antiques. Then again, who isn’t? However, in my experience, as the president of the Tamoikin Art Fund and the founder of the Soviet Jewelry project, ancient gold or as I like to call it “ancient aurum” is one of the best assets to own. Why so?
When I first learned that Saudi Arabia is purchasing the only self-portrait of Benvenuto Cellini for €107 million I was immediately intrigued by the sum. As a financial analyst I am interested in numbers, and especially pricing, so I decided to examine all available publications in order to create a price-timeline for this portrait.
Currently, you can purchase Soviet gold jewelry for as low as $200-$600 per item (still within the young investors budget) or as high as $1000-$4000. This practice is something more art investors are doing now. These assets can double, triple, or quadruple in value in a very short window of time.
Ukraine is in rough economic shape with a lot of debt. The Ukrainian government has been asking the US and EU to bail them out of their turmoil. Both the nation, and its citizens desperately need new revenue and debt free cash. However, amongst all of this chaos, they can miraculously afford destroying historical, financially viable monuments. Why?