Art Industry News: Top Wall Street Guru Says He’d Rather Invest in Art and Real Estate Than Stocks Right Now + Other Stories | Artnet News

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Top Wall Street guru says he’d rather invest in art and real estate than stocks right now + more art industry news:

A trader works on the floor of the New York Stock Exchange. Photo: Bryan R. Smith/AFP/Getty Images.

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know this Tuesday, May 24.In British Columbia, a new proposal by the provincial government to spend CA$789 million to rebuild the Royal BC Museum in Victoria has come as a rude shock to the public.

over the next five years. “Until we see some real panic we’re not going to see a real bottom,” Minerd said of the stock market. “Bear markets don’t end at fair value—they tend to overshoot.”Ukraine’s curators have been busy scouring sites of conflict for artifacts. The Military History Museum recently opened an exhibition of captured Russian hardware brought to the capital by Ukrainian soldiers, including burned-out military gear, Russian passports, and military records.

 

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From a series I painted of early Saints this year.

Investing in Art erstwhile enjoying the 'work' at the same time. It is the best investment you can do if you think along those lines. Art always appreciates in time. Why because there are no other like it. And because it has value beyond meaning.

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