Younger Americans are steering away from the traditional paths to wealth through stocks (^DJI, ^IXIC, ^GSPC) and bonds (^TYX, ^TNX, ^FVX), increasingly...
), increasingly opting for alternative investments: art and collectibles. Bank of America Private Bank head of art services Drew Watson explores these non-traditional investment strategies.
According to a Bank of America private bank study of wealthy Americans, 72% of young investors are looking for alternatives.And for more we welcome in Drew Watson.I mean, we were able to connect at one of the events taking place earlier this year at taf off, and I mean, it was amazing walking around, getting the vibe of how many people are looking to invest in art right now.So you mentioned the study that we did of wealthy America.
We've seen a real generational shift with younger generations being really interested in contemporary artists, particularly, uh, women artists, artists of colour, um, and also collectibles.It's part of the overall lifestyle when we think of and and we're taking a look at some of those top collectibles as well.
I didn't expect that that relation between interest rates and the art market there It's interesting, because if you think about art and who the collectors are, a lot of them are very market driven, commercially savvy individuals. And they're using their art as a practical source of capital as as a back to the lending That's taking place as well.Liverpool's new era under Slot begins with a win at Ipswich and a scoring record for Salah
Fidelis Insurance Holdings' stock is up by a considerable 8.1% over the past week. Since the market usually...Lundin Mining Is Due To Pay A Dividend Of $0.09
Alternative Investments Investment Strategies Traditional Paths Art Collectors Wealth Art Collection
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