“We all miss the sense of occasion that comes with going to an auction,” Mr. Jennings said. “I’m really anxious to get into one.”
For the first time since the start of the pandemic, Sotheby’s invited a select few collectors and dealers to attend their live streamed auctions in real life, and finally bid in person rather than online or over the phone.
Managing Director Guy Jennings and Senior Director Morgan Long were recently asked to comment on this, speaking to The Wall Street Journal last week about their own viewing habits and how different it is to participate in the auctions from the comfort of their own homes.
To read the article in full, please click here.
“Bank of America suggested investors seek out funds like the Fine Art Group, Classic Car Fund, and the London International Vintners Exchange Fine Wine Fund Index (FWIFFWID), in addition to REITs and commodity funds if they’re looking for real asset exposure.”
In a recent note, Bank of America’s chief investment strategist, Michael Hartnett, reports that real estate, commodities, and collectibles could outperform stock market returns over the next decade.
Hartnett notes that real assets are a more overlooked part of the market that may offer investors protection against inflation while diversifying their portfolios, which is why he encourages investors looking for real asset exposure to seek out funds such as those offered at The Fine Art Group.
To read the full article, and to learn more about Michael Hartnett and Bank of America’s advice to the smart investor, please click here.
“A lot of our clients are entrepreneurs, and they use leverage across their businesses and personally,” said Freya Stewart, CEO of art finance at The Fine Art Group. “They have a lot of valuable capital tied up in their art collections and they want to release that capital for other uses.”
Following a surge in loan requests due to the pandemic, Freya Stewart discusses the appeals of leverage to entrepreneurial collectors who are using their artworks as both loan collateral and an investment product.
To read more of Freya’s comments in this CNBC article, please click here.
The Fine Art Group are proud to announce that our Founder & CEO Philip Hoffman has been selected as a Top Recommended Art Adviser in the 2020 edition of Spear’s 500.
As a leading wealth management authority, their annual publication is an essential guide to the market’s best private client advisers, and we are thrilled to be recommended to their UHNW and financial services community.
To learn more about Philip Hoffman and The Fine Art Group in the 2020 Spear’s 500 rankings, please click here.
“Gathering people together at art fairs created so many discussions and opportunities. We need that oxygen.”
Following the news that Art Basel is to be postponed once again, Managing Director Guy Jennings discusses the recent absence of art fairs and the snowball effect this has on gallerists and auction houses.
To read more of Guy’s comments on this piece by The New York Times, please click here.
The Fine Art Group’s new Sports & Entertainment Specialty Practice and Director Shane David Hall have been featured in the Atlanta Business Chronicle Sports Biz Notebook.
To read the article and learn more about The Fine Art Group’s Sports & Entertainment Specialty Practice please access the link below.
Read the article.
Leize Gaillard of William Means Real Estate located in Charleston, SC, recently featured The Fine Art Group Southeastern Regional Representative, Shane David Hall, in her October Newsletter.
Leize is a twelfth generation native to Charleston – this long familiar history has encouraged her passion for Charleston architecture, historic preservation, and the real estate market. Much like The Fine Art Group, Leize appreciates the role of a trusted advisor and encourages a spirit of stewardship and transparency among clients.
Read the full newsletter here.
“This is serious business and should not be trivialized.”
Managing Director Guy Jennings comments on the recent 20th Century Evening Sale at Christie’s, arguing that its distracting entertainment should not be taken lightly, nor detract from the sales results.
To read more of Guy’s insight into the content of the sales and the overall sales statistics, please click here.
“Collectors have already adjusted to considerable uncertainty [in 2020] in every aspect of their lives, and the industry as a whole has adapted at a remarkable pace to the radically transformed trading conditions.”
Senior Director Morgan Long comments on the latest Christie’s 20th-Century Evening Sale, and how it reflects that collectors have already fully adjusted to these times of uncertainty.
To read more about the auction results and the high-tech, live-streamed event, click here to read the article in full.
“The whole market is going to change in how it’s transacted.”
The Fine Art Group Founder and CEO, Philip Hoffman, spoke to CoBo Social Managing Editor, Denise Tsui, about what the art market might look like in the wake of COVID-19.
To read more of his perspectives on the future of the art market, please click here.