Investing in Fine Art: Q&A With Winston Art Group’s Elizabeth von Habsburg
June 10 – 14. 2019
Art industry experts who gathered at the Business of Art Observed event in New York last week discussed how technology and growing awareness is changing the market for everyone. Closing remarks were delivered by Elizabeth von Habsburg, Managing Director of the Winston Art Group, one of the largest art advisory and appraisal firms in the world.
How Tech Opportunities Are Connecting Wealthy Chinese Investors to U.S.
May 27 - 31. 2019
With billions of dollars and hundreds of thousands of highly skilled and newly wealthy Chinese migrating to the U.S. every year, technology appears to be the strongest U.S.-China link, even as the economic and political ties between the two superpowers weakens.
Space Tourism: Financier and Entrepreneur Wimmer Could Reach Final Frontier Soon
April 22 - 26. 2019
A journey of a lifetime may be worth waiting decades for. Danish philanthropist, entrepreneur and financier Per Wimmer has already waited 15 years. This year, it seems like his long-awaited flight might finally take off. His destination is so exclusive that only 536 people have ever reached it.
Buying a Private Island: Investment or Luxury?
March 25 - 29. 2019
At age 28, just six years after starting his business, a young Sir Richard Branson decided to buy himself the ultimate luxury - a private island in the Caribbean. Part of the British Virgin Islands (BVI), the 74-acre island was purchased in 1978 for an astonishingly low $180,000. However, Sir Branson soon realized that purchasing the island was only the first step in a very long and resource-intensive journey.
How the Wealthy Fly
Feb 25 - March 01. 2019
While most people imagine the ultra-wealthy regularly traveling via their own private jets, the reality is private aircraft are a costly affair. Outright ownership of a private jet remains reserved for billionaires. The average net worth of a jet owner is $1.5 billion, according to the Jet Traveler Report 2018, published by Wealth-X and private jet company VistaJet.
Unconventional Assets: Classic Cars as an Investment
Jan 28 - Feb 01. 2019
Investor interest in classic cars has grown enormously in recent years. “This enthusiasm has been powered by a rise in the number of aficionados and a perception among some that historic cars are a viable asset class,” equity analyst Patrice Collette said an article published by Capital Group. Collette points to the rising price for exquisite cars at private auctions as a clear indication that investors may be onto something. Last year, a red 1962 Ferrari 250 GTO sold for $48.4 million, breaking a world record for the highest bid for a classic car at an auction.
Is Fine Art a Good Investment?
Oct 29 - Nov 02. 2018
In 2005, a consortium of art dealers paid $10,000 for a damaged painting at a New Orleans auction. What the dealers initially described as one of many copies of a long lost masterpiece by Leonardo da Vinci turned out to be the original Salvator Mundi or Savior of the World.
Using a Trust to Support Beneficiaries with Behavioral Problems
Oct 08 - 12. 2018
A combination of high stakes and amplified social pressure may be putting the next generation of wealthy families at increased risk. Children growing up in households in the highest income bracket face a higher risk of anxiety, eating disorders, drug abuse, depression, neuroses and self harming, according to researchers in the U.K.
Navigating Addiction and Behavioral Problems in the Family
Aug 06 - 10. 2018
Substance abuse, chronic addictions, eating disorders and mental illnesses have ripple effects that affect nearly every member of a family. While behavioral issues impact families across all demographics, those with significant wealth face challenges that are compounded by vast resources and complex estates.
Sydney Increasingly Lures Ultra Wealthy
July 09 - 13. 2018
Sydney’s ultra wealthy population (those with $50 million or more in assets) is expected to increase by 37% in the next five years, according to Knight Frank. Australia’s economic growth, healthcare standards and low crime are attracting the wealthy from all over the world. The majority of the wealthy flocking to Australia is, however, from Asia - Mainland China in particular - according to government statistics.