Most affluent Americans engage in hobby investing

The National Underwriter writes that most of the affluent engage in hobby investing, writing:

A key reason why most (62 percent) of the country’s affluent engage in hobby investing is because it is “fun,” according to new research.

BMO Private Bank, a unit of BMO Financial Group, discloses this finding

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Photo Gallery: Seven Steps for Managing and Protecting Valuable Collections reports on risk management by wealthy families for collectibles noting:

Wealthy families are increasingly turning to valuable collections–fine art, wine, jewelry and antiques–for investment diversification as well as aesthetic enjoyment. But, these families and their advisors dont always manage the physical risks to these items with the same rigor they

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Bonnie Stone Sellers –

The New York Times interviews Bonnie Stone Sellers, chief executive of Christie’s International Real Estate, the New York-based division of the auction house Christie’s. The company has 138 real estate affiliates in 45 countries, including Brown Harris Stevens.

Before joining Christie’s in September 2012, she served as the head of … Continue reading

Zero Fair Market Value for Antiques?

The antique trade is in an uproar about what’s being called “the ivory mess,” and new regulations by the Fish and Wildlife Service may affect the valuation of many estates.

At issue are small amounts of ivory in pianos, antique furniture, violin bows, jewelry, knives, clocks, canes, sculpture, silver teapots, … Continue reading