How to Start an Art Collection for Beginners

No matter what your age is, if you have always admired art and have wanted to have your own art collection to view, appreciate, and enhance your home, following are some suggestions as to how you can slowly begin this exciting and unique hobby/investment:

 

Research Before Buying

 

Have the fun of getting to know what type of art and which artists really appeal to you. You can do a lot of that online at your leisure, but it is even more enjoyable if you are able to go to art galleries, openings, exhibitions, and art fairs to get a major feel for what will really “turn you on.”

 

Find out about the artists, their various works, what their styles are, the galleries where they have been featured and shows they have been in, their previous sales, and as much information as you can put together.

 

A great many artists will also sell their art for extremely reasonable prices on their own websites or on Instagram because they don’t have to pay all the extra costs involved in commissions when represented by galleries. You can also save money by going to auctions during the off-season.

 

Making Purchases

 

Once you have looked at length, realize what your particular tastes are, and you suddenly see something that jumps out at you and is within your budget, go ahead and make the purchase. You will stretch your dollars if you consider an emerging artist that is new with his or her career but is being successful at making sales as compared to a popular and established artist.

 

Consider Prints or Multiples

 

If you just “have” to own a certain piece of art or photographs offered by a particular artist but just cannot afford an original, there are often prints available at a much lower price. For example, check out benefit auctions where the proceeds will go to a specific charity that you are happy to help sponsor.

 

What is Editioned Work?

 

That means that a set number of the prints or photographs has been designated, and once that number has been sold, no more can be purchased. In addition to your knowledge that you have something unique, there is a better chance of the piece increasing in value over time because of being a limited edition.

 

For Pleasure or as an Investment

 

Whichever way you decide to dedicate your art collection, the main idea is to have something delightful to look at and which will add to your decor. ENJOY!

 

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

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How to Start an Art Collection for Beginners

Five Best Books to Better Understand Finance

For anyone looking for finance books, these top five books will offer them a better understanding of finance. They will provide them with a wealth of knowledge that they need to manage their finances better.

 

A Random Walk Down Wall Street

The author of the book is an economist from Princeton named Burton Malkiel. The book was initially published in 1973, and it offers advice to readers regarding some investments. Whether one is starting their profession in finance or is an established finance professional intending to broaden their investment profile, the book is an excellent market fundamental source.

 

Common Sense of Mutual Funds

This book is a guide written for investors in mutual funds. It was written in 1999 by John Bogle, the Vanguard Group founder. He argues the case for the index-based-investing value. If one is looking for common-sense financial advice, this is the book for them. He notes that the less amount of money one pays a person to manage their money, the more money they have for investing.

 

The Intelligent Investor

The book was initially published in 1949, and its author is Benjamin Graham. The book has been updated multiple times including recently by Jason Zweig, a financial writer since Graham died in 1976. The book comprises a guide to approaches in long-term investing. Through the book, Graham maps out and advocates for his value approach as opposed to investing.

 

Security Analysis

The book was first published in 1934 with David Dodd and Benjamin Graham as the authors. The book is a guide to fundamental equity investing and offers approaches to value investing. Graham was Warren Buffet’s professor at Columbia University, and Buffet was able to pick up on value investing, an approach he uses till today.

 

Barbarians at the Gate

If one is interested in junk bonds and leveraged buyouts, this book is ideal for them. The book was written in 1989 by John Helyar and Bryan Burrough. In the book, they write the history of these types of financing as they recount the struggle that involved the RJR Nabisco leveraged buyout. Initially, the writers wrote the story as Wall Street Journal writers.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

Five Best Books to Better Understand Finance

What to Know about Robin Williams’ Art Collection Sale

The late comedian and Oscar-winning actor Robin Williams was known for his wild standup routines and a wide variety of movie and television performances.

 

Maybe that is why his collection of artwork bears a similar diverse portfolio of some extraordinary and eclectic pieces.

 

Sotheby’s New York is selling the art collection owned by Williams and his former wife Marsha on Thursday, October 4th. The sale is titled: “Creating a Stage: The Collection of Marsha and Robin Williams,” and now the public will have the chance to bid on these personal items. Williams was married to Marsha Garces Williams for 20 years, and the couple was avid collectors.

 

The Williams family has decided that proceeds from the auction will be divided among several of the late star’s favorite charities. Some of these organizations include the Christopher and Dana Reeve Foundation, Juilliard School, Wounded Warrior Project and Challenged Athletes Foundation.

 

The sale is expected to realize between $3.3 million to $4.7 million, according to Sotheby’s New York.

 

Robin Williams was revered for his unique sense of humor, and the range of objects from his interesting art collection that he shared with his then-wife Marsha reflects their vision. The works feature pricey sculptures, paintings, timepieces, sports and movie memorabilia, a selection of bicycles and design.

 

For instance, the first edition of Samuel Beckett’s Waiting for Godot (est. $1,500–2,500) is up for auction. Williams starred with Steve Martin in the 1988 production at Lincoln Center.

 

A Gryffindor robe worn by actor Daniel Radcliffe in “Harry Potter and the Sorcerer’s Stone” is also up for grabs (est. $10,000-$15,000).

 

Robin Williams’s Golden Globe award for his winning role in “Good Morning Vietnam” will also be up on the auction block for bidding (est. $15,000–20,000).

 

A colorful and striking contemporary sculpture titled ” Le poète et sa muse” by artist Niki de Saint-Phalle is also part of the art collection sale (est. $350-450,000).

 

Even the actor’s famous Hollywood Walk of Fame star plaque (1990) can be bid on by the public (est. $3,000-5,000). It was presented to Williams by the Hollywood Chamber of Commerce on the day of the placement of his star.

 

Robin Williams was 63 when he committed suicide in 2014. It was reported that he was suffering from depression.

 

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

What to Know about Robin Williams’ Art Collection Sale

The Importance of Financial Literacy

Financial literacy may be defined as having the knowledge and skills to handle financial matters. Financially literate persons handle cash, credit, and other financial resources responsibly. However, many people have never developed the skills necessary to manage their financial resources.

 

The need for financial literacy

Many young people find themselves in mountains of debt before they graduate from college because of credit cards. Being able to buy on credit while paying a few dollars a month toward the balance might seem like an easy way to have it all when cash is limited. However, a buy now, pay later approach is what causes many people both young and not-so-young, to become overwhelmed with debt. In many cases, individuals accrue so much debt that they cannot pay. Defaulting on credit cards and loans not only hurts one’s credit score–it impacts the ability to get a job, purchase a car, or purchase a home. Individuals who develop financial literacy have the skills to avoid these mistakes by making informed decisions about how they spend money.

 

Individuals should develop financial literacy early

It’s never too early to help young people develop financial literacy. Parents who give their children allowances for doing chores can teach the importance of working to earn money. Teaching a child to pay him or herself first by saving money is the beginning of basic financial literacy. In middle school and high school, students can develop financial literacy through simulations where they are given a specific budget and must figure out how to pay for shelter, transportation, groceries, insurance, emergency car repairs, and other living expenses. For most participants, this type of activity is an eye-opener when they realize that they might need to forgo that prized smartphone to purchase a battery for a car.

 

What individuals need to know to make informed financial decisions

Anyone who is at risk of making poor financial decisions can benefit from financial literacy education in the following areas:

  • How to make a budget and stick to it
  • How to avoid credit traps
  • How credit interest works
  • Saving and investing
  • Understanding your credit report

Education to help individuals develop financial literacy works. It would be valuable if all students were required to participate in at least a short course on managing personal finances before graduating from high school. Research shows that high school students exposed to financial literacy education do a better job of managing their financial resources later in life.

 

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

The Importance of Financial Literacy

Why You Should Support Local Artists

The importance of supporting small and local businesses is something you may hear often, but you may not know why it is necessary to support these local endeavors. When it comes down to art, individuals may have even more questions about why they should support local artists. Plenty of reasons exist as to why this endeavor is a worthwhile one.

 

Better the Community

When members of a community start to break away from one another, a host of problems often comes to fruition. For example, crime rates may begin to rise because residents don’t seem to care about the neighborhood. It’s also possible that the schools will experience problems as parents and children seem to suffer from a disconnect. Local art helps to bring the community together, which serves as a significant improvement for neighborhoods.

 

Stimulate the Economy

When individuals consider the economy, they often think on a more global level; they may not recognize how much their local economy matters. If they think about the connection between low economic productivity and crime levels, they may then realize why this endeavor is a worthwhile one. When people purchase art from local artists, they are helping to better the local economy.

 

Improve the Environment

Individuals who are interested in local art should find out what the artists are doing to protect the environment. They may very well find that these artists are interested in sustainable methods of producing art. It’s difficult to deny the beauty of a local environment that is filled with the sights, sounds and smells of nature.

 

Motivate the Youth

Many young people are interested in entering into artistic fields, but they often encounter opposition. Mentors may tell them that the arts are not going to provide them with enough money. These young people may also hear that only a few jobs are available. This type of talk can batter their dreams. However, when residents take the time to support the work of local young artists, they can help to motivate these budding artists to pursue their dreams and talents.

 

The community as a whole can improve when people turn their attention to the work of local artists. Some individuals don’t realize this point, but supporting local artists can help every member of the community to thrive.

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

Why You Should Support Local Artists

What to Know about Switzerland’s Cryptocurrency Platform

The Emergence of Digital Currency Systems

Once you begin to understand the applications of cryptocurrencies and the underlying blockchain technology, you can see the power this technology has. The people behind SIX Digital Exchange (SDX) believe in the future of the crypto space and foresee it redefining the future of the financial industry. SIX looks to bridge the gap inhibiting digital communities from advancing traditional financial services.

 

Switzerland Plans to Lead the World’s Crypto Space

The global monetary system saw its share of issues, which allowed digital currencies to catch the eye of investors. What was once thought of as merely a novelty or alternative is developing into a disruptive financial force. Many see the future of digital transactions changing, even if cryptocurrencies will need to become more professional as payment systems.

 

According to the country’s economic minister, Switzerland’s goal is to lead the world as the go-to “crypto nation.” Historically, Switzerland has been a financial haven. Now, the country is attracting crypto start-ups because of its beneficial tax and regulatory environments. With support from Switzerland’s stock exchange, trading digital assets will take place on a first world market infrastructure.

 

Regulation

Among the most discussed topics in the crypto space are regulations. Most of the world regulators skeptically view digital currencies. Still, crypto exchanges press on and now increasingly employ conventional safeguards. Higher standards are expected as bigger players, like hedge funds and proprietary traders, enter this market.

 

Switzerland plans to regulate SIX with Finma, its central bank, and financial supervisor. Expect to see cryptocurrencies under the same type of oversight as conventional exchanges. Initial services are planned for sometime during the first half of 2019.

 

A First World Blockchain Based Exchange

By design, cryptocurrencies run on blockchain technology. However, most of the exchanges that trade them do not. SIX is using blockchain technology to build its platform as a distributed ledger.

 

Services will not be limited to trading. Asset custody and deal settlement will also be offered. SIX will likely operate in a healthy financial environment. This is because, in addition to the growing acceptance of digital currencies, the country is working to liberate banks from regulations that restrict services to crypto companies.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

What to Know about Switzerland’s Cryptocurrency Platform

How Will Automation Impact the Finance Industry?

Technology makes life more efficient and enjoyable, but it doesn’t come without downfalls. Many financial workers are concerned about being replaced by robots, which raises the question: how will automation impact the finance industry?

 

Self-Checkout Banks

Financial industry automation has already started. It began when individuals were directed to different telephone options, instead of being able to talk to a human customer service representative. But, financial automation is likely to increase.

 

A good example is artificial intelligence (AI), such as Siri. You can have Siri make restaurant reservations and have pizza delivered. Aren’t there numerous small financial transactions that could be automated?

 

Kiosks and automatic teller machines (ATMs) allow for banks to provide services without paying for human coverage. Continued automation could reduce the number of bank tellers at their physical branches. Is automation a good thing for the finance industry?

 

You Can’t Stop Progress

There are some paradoxes concerning replacing humans with automation. No man wants to lose his job, but what can he do? Automation is cheaper and more efficient.

 

What happens when an unstoppable force meets an immovable object?

 

The other fact is that “No manager will admit that change is going to cause the loss of jobs.” Why? Because men would naturally resist the change.

 

An Australian study by Robert Half discovered that 46% of Australian CFOs are planning to implement automation efforts within the next year. Robert Half Asia Pacific senior managing director David Jones said, “[i]ncreased automation within Australian workplaces is not about destroying jobs, but rather, adapting to change – which in turn leads to new opportunities.” Workers don’t have a choice in the matter.

 

New Skills

 

The financial industry is very competitive. Customers want the best rates for their accounts, and the most efficient banks will increase their market share. Therefore, financial institutions are forced to automate.

 

The Robert Half study found that CFOs believed that financial employees would need to accrue new job skills. And, that only makes sense. They might become managers of automated tools.

 

Every industry faces automation challenges. The finance industry is likely to see skill changes. The hope is that employees can retain their positions by adding new skills. Automation will make finance more efficient.

 

This article was originally published on EtienneKiss-Borlase.net.

How Will Automation Impact the Finance Industry?