Tag: Investing

How NFTs Benefit The Art Market?

It may be obvious but still needs to be said – the benefits of NFTs for the entire art world are tremendous!

Art that doesn’t exist in a physical form can now be bought, sold, and collected, opening many opportunities for artists, collectors, and investor.

There are also great benefits to physical art from NFTs. Art museums and galleries now have the ability to earn additional revenue from their artworks.

NFTs are clearly helping to create a unique generational synergy between the old and the new art.

Prices on Old Rotary Phones are Up 500%

MARKET ALERT | Vintage rotary phones have been steadily rising in value and liquidity, becoming almost as good as gold.

Rare models sell between $200-2000 regularly. Even most basic rotary phones are in high demand.

Well-known home decorators are getting in the game and scooping up vintage phones from the market in bulk!

Further fuel into the fire is thrown by the limited (and constantly decreasing) supply.

NFTs Exhibited at WOW Festival in Dubai Sold to Major Digital Art Collectors 

PRESS RELEASE | DUBAI, 17 MARCH 2022 – Digital Gallery at WOW Summit Dubai Witnesses Major NFT Sale on the First Day of the Exhibition.

WOW summit commenced on the 13th of March with three full days of blockchain, metaverse industry news. The ‘Alternative Reality’ exhibition was curated by Daria Lomova, an art advisor and historian.

One of the main aims of the WOW summit was to raise public knowledge and awareness of the sweeping world of blockchain, crypto, AI, NFTs and beyond. That is why it was important for Lomova to curate an exhibition that people could relate to, while learning about the different digital art forms. 

NFT AUCTION: RtistiQ Set To Launch Digital NFTs of Raja Ravi Varma’s ‘The Coquette’ and ‘Reclining Nair Lady’

Press Release | SINGAPORE, 08 FEBRUARY 2022 – To start off the new year, RtistiQ will present the Digital NFT versions of Raja Ravi Varma’s (RRV) works ‘The Coquette’ and ‘Reclining Nair Lady’, two of his most famous paintings. With the originals considered to be National Treasures and unable to be brought out of India, the NFT versions will be auctioned online on the RtistiQ platform from 17 February to 20 February 2022.

This collection will be single editions of works of the Indian Art Legend to be tokenized and minted and this also marks the first NFT sales in collaboration with a traditional gallery and an artist foundation.

Original Artworks valued at USD 2.5M

Lithographs valued at USD 1K

Is Saudi Prince About To Buy $36M Chinese Ming Dynasty Statuettes

After our first publication about these rare $36 Million Chinese Ming Dynasty statuettes, The World Art News received further questions regarding their provenance, authenticity, valuation, and who may be the potential buyer of these unique artifacts. For answers we went straight to the source and took a sensational, exclusive, and provocative in-depth interview with their current owner, prof. Mikhail Tamoikin, Ph.D.

Professor Tamoikin was surprisingly candid with us and gave stunning answers to all our questions. If you ever wandered how the super-rich do business, negotiate, and operate in the art market, this interview is a Must-Read!

The Problem with NFTs

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.

Why Soviet Firearms are a Great Investment – Part 1: The SKS

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.

Interview with an Art Banker, Thomas González – $133 Million in Loans | Part 2

This time, in Part 2 of our exclusive interview, Thomas González will talk about the differences between the art and financial world, share with us how art loans change lives, and tell our readers how to get started as an investor in the global art market.

Thomas González 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 $133 Million.

Interview with an Art Banker, Thomas González – $133 Million in Loans | Part 1

Thomas González 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 100 Million Euros.

We, at The World Art News, have had the pleasure of interviewing Thomas to learn the ins and outs of being an art banker.

In this exclusive two-part series you will discover his secrets to running a successful art loans business. Let’s begin!

“I can tell you that loans up to $25 Million aren’t a problem for us.”

Introducing The 5 Most Expensive Paintings Ever Sold

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.