Connect with us

Art Market

The Gray Market: Why Sotheby’s $700m art-backed debt security is an acid test for the trade’s intentions

Published

on

Source: The Art Newspaper

Despite the growing ranks of buzzy painters taking their work beyond figuration, no artist is doing as much to push art into an unprecedented realm of abstraction as art-finance companies. The process began when high- and ultra-high-net-worth individuals started taking out loans collateralised by works of art decades ago, and it has shifted into high gear now that those same art-backed loans are being bundled, securitised and sold as investment vehicles to US buyers.

The movement reached a new milestone this April, when Sotheby’s announced it would raise $700m through an offering officially known as Sotheby’s ArtFi Master Trust, Series 2024-1 Asset-Backed Notes. The security has so far spawned far more coverage in the financial press than in the art press, which should surprise no one given that most people who read and write about works of art would (understandably) rather try to digest an actual stack of Post-it Notes than the arcane minutiae in an investment prospectus. But it is precisely because so many art professionals find the securitisation of art-backed debt so alien and so off-putting that it is so important to wade into its inner workings and larger implications for an industry vocal about its need to expand.

Read more: https://www.theartnewspaper.com/2024/05/23/gray-market-sothebys-700m-art-backed-debt-security-explained

Art Market

Second Saturday Arts Market

Published

on

Source: Visit Mountaineer Country.com

Join Hoot and Howl for their upcoming Second Saturday Art Market, featuring local artisans and a newly introduced exhibition wall within the retail location! Jared Tadlock will be hanging a collection of original works for this exhibition with his opening reception. In addition to Jared you can also meet the artists behind Acute Peach, Angi D*signs, Cilly Citrus, Morgan Makes, East Wheeling Clayworks, Moonrise Mountain Market, and Pure Light Jewelry.

Read more: https://www.visitmountaineercountry.com/events/second-saturday-arts-market/

Continue Reading

Art Market

Game Art Services Market 2024 Key Insights | Juego Studios, RetroStyle Games, Pixune Studios

Published

on

Source:Economica

Press Release, Orbis Research – This detailed report provides an extensive analysis of the Game Art Services Market, covering historical, current, and future projections. The market estimates included in this report have been meticulously calculated using a rigorous research methodology to ensure the data’s accuracy and reliability. This methodology incorporates a thorough approach, integrating primary and secondary research, as well as consultations with experts in the field.

This structured methodology ensures a thorough and robust analysis of the subject matter, allowing for the acquisition of diverse perspectives and insights essential for informed decision-making and strategic planning in the business domain. The estimations of the market are carefully computed by considering the intricate interplay of prevailing market dynamics alongside a myriad of economic, social, and political variables that exert their influence on the Market Game Art Services. Market data is influenced by various elements such as regulations, government spending, and the direction of research and development efforts. These elements serve as pivotal markers that influence the overall market dynamics.

Read more: https://economica.ma/news/game-art-services-market-2024-key-insights-juego-studios-retrostyle-games-pixune-studios/88274/

Continue Reading

Art Market

Tokyo Genda: Is Japan’s Art Market Booming? Here Are The Results

Published

on

Source: Artlyst

The second edition of Tokyo Gendai, organised by The Art Assembly with SMBC Group as the Principal Partner, has successfully concluded. The event showcased an impressive array of international contemporary art. It featured 69 galleries from around the globe and attracted visitors from 40 countries and territories, solidifying its status as a premier art fair.

Galleries reported robust sales across all sectors and price points, ranging from a few thousand US dollars to an impressive $750,000. This diverse sales activity underscores Tokyo Gendai’s mission to expand the market for contemporary art in Japan, promote Japanese art internationally, and bring top-tier global artists and galleries to the Japanese audience.

Read more: https://artlyst.com/art_market_news/tokyo-genda-japans-art-market-booming-results/

Continue Reading

Trending