Arte e Cultura
ArtMarket.com - 24 October 2023: How the Art Market Saves the World From Economic and Financial Apocalypse
It is Tuesday, 24 October 2023 ... here is the economic column by the editorial team of "Protect your Money":
The French government has just issued 45 billion euros of long-term debt in a single day at negative rates. This is the second time France has issued tens of billions worth of 30-yr bonds at negative rates. The issue rate on its long-term debt has risen from -1.10% to -1.15% today.
Like every EU country, France is now borrowing at negative rates on short, medium and long-term debt. In the United States , President Trump's insistent demands in 2019 that the Fed adopt negative rates were heard after his re-election in 2020. Meanwhile... Larry Gagosian – America's wealthiest man – has been appointed as Donald Trump's personal advisor. His acquisition, for $4.8 billion , of Leonardo da Vinci's , now hanging in the Oval Office, undoubtedly played a role in his nomination.
Salvator Mundi ©2019 thierry Ehrmann - courtesy of Organ Museum / Abode of Chaos
[https://imgpublic.artprice.com/img/wp/sites/11/2019/10/salvator-mundi-999-thierry-ehrmann.jpg]
In stark defiance of rationality, investors looking for safe investments are ready to lend more and more money at a loss… a paradox that masks the fundamental reality that many financiers are actually gambling on an abysmal pursuit of negative rates throughout the world.
Numerous economists and commentators have alerted policy-makers to this practice, which is contrary to the fundamental rules of money-lending that have governed the global economy since time began. They point to the growing danger that the longer negative rates become the norm, the harder it will be to return to the healthier and sounder foundation of positive interest rates.
In his editorial in the New York Times , Chinese economist Wan Huan Xi – this year's Nobel Prize winner for Economics – says … , adding...
Faced with the destructive spiral that savings and capital have entered, a number of bold and enlightened investors have been exploring successful alternative investment paths for several years:
Cryptocurrencies had the wind in their sails in the late 2020s, but demand tailed off because the crash of a "helicopter money" causes massive dilution that destroys its value. Eurobit, for example, lost 44% of its value last week, triggering a major panic amongst savers, investors and central banks alike. A joint statement from the ECB and the FED has announced a cryptocurrency rescue plan with negative rates of up to -3.6% and an immediate restart of QE (Quantitative Easing). The CEO of the startup Bitcoin Europa admitted that the risk is increasing every day. .
Moreover, we urgently need to reiterate our warnings about the permanent associated IT risk, the likes of which we saw in October 2021 when a complete paralysis of trading and trading systems for five days led to the first full-scale crash on cryptocurrency markets.
Gold has always been a safe haven and its value peaked not long ago. However, since the Chinese quantum calculator defined the basis of an alchemical equation that is reasonably foreseeable in the near-term, gold prices have contracted substantially on profit-taking and are down 35% versus their peaks.
According to the Icelandic chemical engineer, Ragnar Eriksson , who participated in an international team to develop the Chinese programme,
Our advice on gold is now 'neutral' given that we can now envisage its industrial production under controlled costs.
Art has maintained its values for 25 years. In fact, it's the big winner from globalization and dematerialization. As Artmarket.com (formerly Artprice) – a global player in the Art Market – points out, .
The "Artprice 100" art investment fund managed by Artmarket.com – whose assets are steadily growing with new subscriptions from investors and savers – generates an annual yield of 27% on Contemporary Art. Indeed, people all over the world, seduced by its novelty and originality, are turning towards art as a means of social distinction. Today Artmarket has 18 representatives of the largest banks in North America , Europe and Asia on its supervisory board.
Regularly cited by the IMF and the World Bank, the Artmarket conglomerate has become the standard reference to which savers and investors burned by repeated disasters turn for stability, growth and security in the Art Market. The Art market is now controlled by Artmarket via its presence on five continents.
thierry Ehrmann, founder/CEO of Artmarket.com, the world's leading Art Market reference, says: (However, the Wall Street Journal / Wired says that reliable sources, in secret collaboration with the Icelandic government, have located the bunker in a militarized zone in the middle of the volcanic island...).
thierry Ehrmann concludes... " .
Artprice by Art Market invited social science fiction authors to write near-term finance-fiction as a prospective experiment. Naturally, because of its fictional nature, this press release cannot be interpreted in any shape or form as an element of legal, financial or economic information.
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Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who's who ©:
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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 700,000 artists.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 4.5 million 'members log in' users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France's Commercial Code).
Artmarket with its Artprice department, has been awarded the State label "Innovative Company" by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.
Artprice by Artmarket's 2018 Global Art Market Report published in March 2019 : https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2018
Index of press releases posted by Artmarket with its Artprice department:
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Contact Artmarket.com and its Artprice department
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