Il Mondo
When the asset is a painting
Here enclosed the article of the weekly magazine “Il Mondo”with Guido Galimberi’s interview about private banking and art advisory.
Here enclosed the article of the weekly magazine “Il Mondo”with Guido Galimberi’s interview about private banking and art advisory.
Art, luxury products, real estate: classes of investment that can reward both in terms of earning and personal passions.
Guido Galimberti’s intervention in the article of 18th october 2010.
Guido Galimberti, on the occasion of the celebration of contemporary art, grants the online newspaper Affaritaliani.it a video interview.
To watch the video and read the article you can visit the website http://www.affaritaliani.it/coffee/video/esperto_arte_guido_galimberti071009.html
In the long term art makes better earnings than the share market, even though it finds it difficult to reach the general public because of its limits in comprehension and transparency.
In Duilio Lui’s article, Guido Galimberti, founder of Opera, and Marco Marcatili, manager of the Osservatorio sui beni artistici in Nomisma, issue their statements.
Guido Galimberti explains the difficulties of those who want to fund art in Italy.
The bureaucratic-financial iter doesn’t facilitate the enterprises in the artistic field, but it supports a mechanism impaired by antieconomic logics that can lay the fund on the line.
The solution could be the introduction of a management culture for the administration of the resources designed for the cultural organizations.
As a matter of fact, to do business with art doesn’t mean to alter its artistic factor, but to enhance it without weighing on the Treasury.
According to Galimberti the Italian museums should house a great deal of cultural initiatives as it happens in the greatest museums in the world and become lively and vital spaces, open to people and no more the place for a simple visit.
Guido Galimberti writes some remarks about the opportunity of investing in art as an alternative to other forms of investment that so far seemed to be safe from every turbulence.
A lot of collectors have understood the financial importance of art even though they clearly know the risk of reducing the works of art in the same way as mere investments and they ask if even art could become a victim of speculation.
Of course investing in talent is a risky operation because talent has an absolutely unforseeable margin of risk; so, the investor must necessarily be aware of the peculiarity of the market he is approaching, he must understand that the value of the work of art goes beyond its quotation and is above all in the pleasure of taking a daily advantage of the work itself.