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Art Business

The Authorities Transforming Art as an Asset Class

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Source: Observer

By some estimates, the world’s private art collections are worth between $2 and $3 trillion, but the role of art in investment portfolios has tended to be ambiguous. As more collectors focus on financial gains, prominent innovators in and outside of finance are creating clarity and transforming art’s place in the modern portfolio.

Art has always been an asset but until recently, art funds were not particularly popular. “Despite the potential for strong returns and low correlation to the stock market, global art funds have been struggling to attract investor interest,” Barron’s wrote in 2019, pointing out that the assets in these funds slid from $2.1 billion in 2012 to $830 million in 2017. The thinking used to be that if you wanted art to diversify your portfolio, you could just buy a painting, hang it on your wall, have your friends ogle it and otherwise enjoy the collector experience.

Read more: https://observer.com/list/the-authorities-transforming-art-as-an-asset-class/

Art Business

Study With the Pioneer of Art Business Education at Sotheby’s Institute of Art

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Source: Hyperallergic

Sotheby’s Institute master’s degrees in London, New York City, and online combine an in-depth study of art with a powerful set of professional skills to start or enhance a career in the art world. Choose from master’s programs in Art Business, Contemporary Art, Fine and Decorative Art and Design, Historic Art and Design, or Luxury Business.

Five key reasons to take your next step in the art world journey:

Read more: https://hyperallergic.com/868286/study-art-business-education-sothebys-institute-of-art/

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Art Business

Mastering the Art of Business Growth: Essential Strategies for SMEs in 2024

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Source: Business Matters

As we step into 2024, it’s more important than ever for these businesses to master the art of business growth. The strategies that worked in the past may no longer be effective, and new approaches are needed to thrive in the ever-evolving market.

This article delves deep into the essential strategies that SMEs should adopt to conquer the challenges and unlock their potential for growth in 2024. From leveraging digital marketing to harnessing the power of data analytics, we explore the key tactics that can make a tangible difference. By embracing innovation, fostering a customer-centric mindset, and developing robust partnerships, SMEs can position themselves as competitive players in their industry.

Read more: https://bmmagazine.co.uk/in-business/advice/mastering-the-art-of-business-growth-essential-strategies-for-smes-in-2024/

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Art Business

Mastering the Art of International Business: Essential Skills for Thriving in a Global Landscape

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Source: Dazeinfo

Nothing compares to the satisfaction of seeing a business expand internationally. While this brings more growth opportunities, it also creates new hurdles. To efficiently steer through, have a proper knowledge of the international business complexities. You can then develop the right strategies to give your company better acclimatization to the different business landscapes. This article explains five tips to thrive when growing worldwide.

Keep Your Finances In Order

Your finances mean everything for your success as a company, making it necessary to plan well for the overall management. Think carefully about the financial handling protocols you’ll adopt to simplify the transactions. If you are starting a new business in America as a foreigner, open a US business bank account for non residents and follow the proper procedures. Seek information from experts on the necessary documentation you need for the process. The account opening is part of compliance and benefits your firm through lower currency conversion costs.

Read more:https://dazeinfo.com/2023/12/07/mastering-the-art-of-international-business-essential-skills-for-thriving-in-a-global-landscape/

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