Latest news with #fineart
Forbes
17 hours ago
- Business
- Forbes
Navigating The Evolving Collectibles Market: Strategic Tax Planning For Artists And Collectors
The latest edition of the Significant Investor Newsletter examines the shifting dynamics in the fine art and collectibles markets in 2025. For estate planners, the intersection of these market changes with upcoming tax law revisions presents both opportunities and challenges for collectors and creators. Over the past five years, alternative assets have exhibited varied growth patterns. With the anticipated expiration of the Tax Cuts and Jobs Act (TCJA) provisions in 2026, proactive planning is essential to mitigate estate and income tax exposure. Market Trends Shaping Investment Strategies Tax Implications of the TCJA Sunset and Legislative Changes Actionable Planning Strategies Conclusion: Balancing Passion and Prudence The evolution of the collectibles market demands adaptive strategies that combine market awareness with tax efficiency. For artists and collectors, the window to act before 2026 is closing—strategic gifting, entity structuring, and diversification, are crucial for preserving wealth across generations. As digital platforms democratize access and legislative landscapes shift, collaboration with fiduciaries skilled in both tangible assets and tax code complexities becomes indispensable.
CBS News
2 days ago
- Entertainment
- CBS News
Rittenhouse Square Fine Art Show in Philadelphia offers unique opportunity for artists
For artists at Philadelphia's Rittenhouse Square Fine Art Show this weekend, the event was an opportunity to share their work and connect with new audiences. Michelle Mardis is this year's featured artist, and her work has been used to advertise the annual three-day event. "It's a big deal," Mardis said. "It's very competitive to get in the show, and once you're in, it's ... a feather in your cap just for that and then to be selected featured artist." Mardis said her first year here has been a good one. "Friday was great, I had an excellent day. I did sell the signature piece, so that's being shipped to California," Mardis said. The Rittenhouse Square event is the oldest art show in the country, celebrating its 98th anniversary this year. More than 400 artists apply to exhibit in the park, with only about 150 making the cut. "There is more public art in Philadelphia than any city in America, so we are the art capital of America," said Chris Buonomo, managing director of Rittenhouse Square Fine Art Show. Buonomo said artists from Europe, Canada and across the U.S. had space at the show, drawing collectors and dollars to the city. "An art-savvy crowd from New York come down; Washington, D.C.; Baltimore; they all come here for the show because there's nothing quite like this show in those cities," Buonomo said. Daphne Covington from Georgia has made this show a must on her calendar. She says while weather can play a role — it's all part of life for a traveling artist — she's hoping to cash in this weekend. "We're like little gamblers out here ... 'cause we never know what's going to happen at the show, so a good show or a great show can really mean the world to us," Covington said.
Vogue
02-06-2025
- Entertainment
- Vogue
Meet Esben Weile Kjær, the Danish Artist Who Constructed a Castle in a Parking Lot in Willamsburg
Yes, Esben Weile Kjær is 6'5' with blue eyes, but he's a man in fine art rather than finance—and the world is better off for it. The ascent of this 33-year-old Dane has been breathtaking, but the artist, a man at ease with himself, is taking it all in stride. His latest adventure takes place in a parking lot in East Williamsburg, where, at the invitation of Amant, he constructed Shell, a concrete-covered wooden edifice that Frankesteins together, he explained on the phone, 'a castle and a factory and a war bunker and a brutalist playground [and] a Soviet bus stop.' The hollowness of the building is intentional; part of its function was as a proscenium for a one-night only performance. On the far side of Shell, to a soundtrack by fellow Dane Loke Rahbek (known as Croatian Amor), Kjær recently gathered 1,000 white roses and four local performers, who joined him in running out from the castle to strew flowers on the ground and attach some of them to their bodies with packing tape. The chorography had a dance-like-nobody's-watching vibe, which saw the group writhing, bending like Gumby, air boxing, and 'eating' flowers, while sparkle machines intermittently shot columns of light into the appropriately dramatic cloudy sky. 'I love that they put glitter into the air around the trapped performers and the brutalist castle,' Kjær said, going on to explain that the roses, more than being 'a symbol for a new beginning,' were an insistence of one, 'even though it can be hard in the times we live in now.' Kjær studied sculpture at the Royal Danish Academy of Fine Arts, but he comes from music and works across genres and media. (Fashion-friendly, he's collaborated with Ganni.) Although the artist often engages with architecture (at times as a kind of set design), his work is anything but static—especially his site-specific performances. To this attendee, the production for Shell in Brooklyn had a distinctive Euro flair—quite apart from the musical performance, arranged in collaboration with the Berlin-based art center Trauma. Crenellated towers aren't native to the United States, nor are the WWII and Cold War bunkers that Kjær referenced, although the satellite dish was familiar. 'I think the sculpture is sending something out, communicating something,' he said. Its message? Affirmative, positive, and rooted in notions of togetherness. Even outside of his group performances, Kjær addresses the latter theme through his examination of nostalgia, a kind of collective memory that runs counter to the hollowness and isolation of the digital age. Indeed, Shell is designed to alter your course and make you engage—even if only for a moment.
Irish Times
02-06-2025
- Lifestyle
- Irish Times
From Malin to Milan: Donegal tweed gets an international twist at Dublin show
Stories are embedded in what we wear; language and cloth are intricately connected. The words text and textile come from the Latin texere, to weave. Fabric and fabricate come from fabrica – something skillfully produced. The words lingerie, lining and linoleum all originate in linen. We talk of life 'hanging by a thread', being 'on tenterhooks' or 'spinning a yarn'. The drive to establish textiles as a fine art movement began in the 1960s and has gathered momentum all around the world. A major new exhibition in Dublin Castle places international fibre artists from the Milan -based collective Fringe and their invited guests alongside Wild Donegal Tweed, a recent collaboration between five Irish tweed companies and the fashion and textile students of NABA (Nuova Accademia di Belle Arti) in Rome. The Fine Art of Textile exhibition is curated by Milan-based Irish artist Nuala Goodman. She points out that the last two Venice Biennales have sanctioned the shift of textiles from the marginal confines of 'low art', relegated to being a homely practice and mainly the prerogative of women, to a phenomenon that travels to the heart of the art system and market. This was confirmed by the extraordinary work of Olga de Amaral at the Cartier Foundation in Paris recently. Such popularity has been attributed to the changing face of recent art history and the work of dedicated scholars, curators and critics. READ MORE In May, Art News reported that the New York art scene has been 'fibre bombed' with textile exhibitions not only in institutions such as MOMA but also in blue chip commercial galleries. Dealers are responding to the work of international curators so that weaving, embroideries and other textiles formerly classified as craft or denigrated as women's work are now being reassessed. The French modernist Sonia Delaunay once said, 'For me there is no gap between my painting and my so-called 'decorative' work', illustrating how artists across the past century have bridged the gap between painting and textile art. Stitched Book by Maria Lai Colomba Leddi, Panel in blue, digital print on cotton Life is Short by Lisa Farmer Wild Tapestry 21, 2021, by Nuala Goodman Goodman, who had the idea for the exhibition on her mind for years, believes the creative disciplines of painting, sculpture, textile, design and architecture have always been of equal value. 'I see no hierarchy. Many of the international artists in the exhibition are incorporating one or more of these media into their works,' she says. The Wild Donegal Tweed project, by the students of NABA (Nuova Accademia di Belle Arti) in Rome The Wild Donegal Tweed project, by the students of NABA The Wild Donegal Tweed project, by the students of NABA The Wild Donegal Tweed project, by the students of NABA 'There is a special place in my heart for textile, for there is something free and intuitive about it. It is wonderful also to show the contemporary twists on traditional Donegal tweed in the work of young international design and fashion students in Rome.' [ Dream weavers: Donegal tweed inspires younger talent to make new 'music' in cloth Opens in new window ] The Fine Art of Textile opens at the Coach House Gallery in Dublin Castle next Friday, June 6th and runs until August 24th. There will be an embroidery talk and workshop on Saturday, June 7th. See See @fineartoftextile on Instagram or for details.
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Symposium Capital Announces Yule Georgieva as COO and General Partner
New York, New York--(Newsfile Corp. - May 16, 2025) - Symposium Capital, a notable new fund based in New York City, has announced Yule Georgieva as Chief Operating Officer (COO) and General Partner. Symposium Capital distinguishes itself in the alternative investment space by focusing exclusively on tangible assets that combine cultural significance with financial appreciation. The firm's three key asset classes-fine wine, fine art, and rare comic books-have historically shown resilience against market volatility, offering investors a diversified approach to wealth preservation and growth. Yule Georgieva, COO of Symposium Capital. Yule Georgieva is an experienced business executive whose career has spanned across multiple industries including government, aviation, technology, and wine. Georgieva dove deeper into her passion for wine while honing her financial acumen with a finance-focused MBA from the University of Toronto, where she developed a model to track the financialization trajectory of different wines while pursuing her Wine & Spirit Education Trust Diploma in Wine. From there, Georgieva spent the next four years building a wine cellar management startup as COO, developing the company's business model, establishing internal processes, and managing a wide portfolio, including marketing, partnerships, and finance. Georgieva also currently serves as COO of Académie du Vin, a renowned wine education and events company founded by acclaimed wine expert and merchant Steven Spurrier. With an expert team and a growing network of collectors, partners, and investors, Symposium Capital is well-positioned to redefine how tangible assets are integrated into modern investment portfolios. Symposium Capital specializes in Wine, Fine Arts, and Comic Books. The announcement of Georgieva as COO ensures Symposium Capital has the financial and operational bench-strength to execute its unique acquisition strategy. Her deep understanding of the fine wine market, coupled with her broad experience and strong relationships will be instrumental in expanding Symposium Capital's presence in the high-end collectibles sector. More information about Symposium Capital can be found on their website
