Tag: Money

Latest World Art News about Money, Capital, and Wealth in the Art, Antiques, and Collectibles markets.

Exclusive Interview: MONCHO1929 – Explosive Public Artist for the VIP | Google, Audi, Figge, Buffett

From Google and Audi to the French Consulate of the US, from Paramount and Universal Pictures to the Public Art collections of cities like Glendale, Los Angeles, and West Hollywood – his work has been featured in various solo and group exhibitions in the United States and all over the World! This is WAN’s exclusive interview with an explosive public artist – MONCHO1929

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.

3 Valuable Toy Cars & Trucks That Your Kids Could Be Playing With Right Now

Ever wanted to have a car dealership as a kid? Maybe you desired an exotic car collection but couldn’t afford it? Well, this is your lucky day! All over North America and the world at large, adults of many ages relive their childhood memories through their beloved childhood toy cars and truck, paying handsomely for specific models. Surprisingly, some of these toys aren’t even that old, but then again, neither are adults who seek them. Seriously, there are toy car dealers who make good money buying, selling, and trading these vehicles. If you think that’s crazy, we got news for you – toy car repair shops exist as well! So when your kids get back from their 4×4 off-road trip with a busted tire, you know where to go. Just don’t forget insurance.

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

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.”

THE SHIGIR IDOL – Is this 10,000 BC Artifact Worth Half a Billion Dollars?

Imagine for a moment, that you are a miner in Siberia at the end of the nineteenth century, slogging with your colleagues through the moss-laden, muck-infused waters of the mire in search of gold, only to stumble upon something far more rare. This is precisely what occurred in 1890, within the Sverdlovsk region of Russia’s Ural Mountains, when a team of laborers who were busy excavating a peat bog inadvertently discovered a strange and ornate wooden figure featuring an eerie human face. Resting at an approximate depth of four meters beneath the surface of the acidic, oxygen-low, and therefore anti-bacterial conditions of the bog that had preserved it, the mysterious object that would come to be known as the “Shigir Idol” (named after the Shigir bog it was found within) was discovered in a series of 10 fragments.

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

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.

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.

Art Funds – Superheroes of the Art Market

Transparent art funds that embrace technology, lawful conduct, and the scientific method to do business are what is needed. It must be understood that clients expect to multiply their capital legally, timely and responsibly, which is a much larger responsibility than just selling art to the highest bidder. Without a doubt, art funds are responsible for leading the market instead of just reacting to it. Reasonable, thought through regulations that help all market participants equally generate wealth, create transparency, freedom, and accountability must be promoted. Leaders of art funds must understand this and hold themselves to a higher standard than everyone else.