Is Art A Good Investment? Visiting Monaco Wealth Management

Francis Bacon's
1969 painting titled
"Three Studies of Lucien Freud" sold for a tidy $142,405,000
 at Christie's NYC.

So what's up with the outrageous prices paid for art held in the International Art Markets?

Ballet Russes by August Macke, 1912

My personal interest in Monte Carlo began as I studied Dance History. I bumped into a fabulous character named Sergei Diaghilev (1872-1929).

Diaghilev founded & directed the magazine
WORLD OF ART (Mir Isskoustva) which was published for a period of 6 years, primarily funded by Czar Nicholas II. In 1906 Diaghilev organized an exhibition of Russian painters in Paris at the Fall Salon in the Grand Palais. Thus he began his exporting of the Russian visual & performing artists to the galleries & stages of Europe.

This included composers Stravinsky & Debussy. Painters being Picasso & Matisse, with dancers being Nijinsky & Pavlova.

www.Zazzle.com

From the halls of famous dance figures, this visionary leader saved the lives of many artists as they were harbored in Europe during war. Many then came to America seeking freedom & a safe place to work.

In my mind I have always equated artistic wealth with the famous BALLET RUSSES DE MONTE CARLO, although this title refers to companies founded after the death of Diaghilev.


Wealth Management, with expertise in the arts, is a feature of monacowealthmanagement.com

Quote "World record art sales as super-rich snap up Freuds, Koons, and Warhols...$142m spent on Bacon triptych represents just fraction of global demand for art sending avalanche of cash to auctions."

It has long been my theory that art is our ancient global language so for me, channeling the power of money into the power of art is a natural. I appreciate the expertise & financial acumen offered by those in Monaco, they obviously have a positive attitude which goes hand-in-hand with the abundance they live within.