Have investors found their haven in Art?

Richter’s ‘Kerze’ Fetches Record £10,5 Million at Christie’s This Fall 

Despite economic stagnation in the U.S. or the Eurozone’s sovereign debt crisis this week has been extremely important one for the UK art market, with top London auction houses majority of which are hosting contemporary art sales to coincide with long awaiting Frieze week. In recent years investors have had plenty of sleepless nights, prompting many to put money into property or gold. In times when government bonds are no longer considered safe, investors should deinitely look for alternatives in more creative havens of Art. (more…)

Britain’s most expensive home sold for record £140m to unidentified Russian buyer

Hefty Price Tag

The super-rich Russian buyer has snapped up a 300-year-old Grade II-listed property set in 570 acres of the parklands, listed monuments, house, cottages, stables and a boat house land in Oxfordshire, in the village of Remenham, near Henley-on-Thames. (more…)