Prices for works of art could easily surpass $200m within the next two years, according to an art expert. Philip Hoffman, chief executive of The Fine Art Fund, predicted at a forum this week that art values could soon double current records to top $200m. Earlier this month, a new record for the world’s most expensive piece [...]
Archive for May, 2010
Art auctions regain their exuberance
Posted in Culture, UHNW Clients on May 20, 2010 | Leave a Comment »
Funds flourish in Luxembourg
Posted in Financial Industry, Fund Structures on May 5, 2010 | Leave a Comment »
Luxembourg is home to over 12,000 funds and 360 custodian companies with €1.9 trillion of assets under management. In the 25 years since the launch of the first pan-European investment scheme, the Grand Duchy of Luxembourg has scarcely looked back. The country with the third-largest GDP per head, more than a fifth of which is derived [...]
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