Art, Diamonds, Watches, Collectibles etc.

[behappyalways]

Rolex prices are down almost 40% from peak levels..
.https://x.com/SpecialSitsNews/status/18 ... 4942013946

[winston]

The rich can’t sell their art, so they’re borrowing against it

Affluent owners can tap on their collections for cash without having to part with prized possessions

Pieces are used to secure loans, allowing their affluent owners to tap their collections for cash without having to part with prized possessions.

The major May New York auction season fell about 23 per cent by value from the prior year.

Deloitte estimates outstanding loans against art could surpass US$36 billion in 2024, up from US$29 billion to US$34 billion last year. That also compares with US$20.3 billion to US$23.6 billion of such loans outstanding five years ago, according to Deloitte.

Bank of America, since it formed its art services group in 2017, has grown to capture over 30 per cent market share.

To qualify at Bank of America and Citigroup, a collection usually needs to be worth at least US$10 million, which secures a loan of US$5 million or more.

Bank of America typically offers 50 per cent loan to value, with each piece worth a minimum of around US$100,000. The terms run from around one to three years, with an option to renew, and clients can still keep their pieces protected at home as long as it’s within the US.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... against-it

[behappyalways]

Israel Diamond Exchange In Crisis As Exports Plummet In 2024
https://www.zerohedge.com/markets/israe ... ummet-2024

[behappyalways]

Diamond Prices Crash To Multi-Decade Lows As Art, Wine, & Rolex Markets Sour
https://www.zerohedge.com/personal-fina ... ets-falter

[behappyalways]

Descendants have been waiting for a century!
The "2.36 billion inheritance" of the Danish cream tycoon will be auctioned.
It has been banned for 100 years!
Ultra-precious "Viking Age coins" are on the auction table with a total value of nearly 2.4 billion.
20,000 coins of the Danish cream tycoon will be auctioned.

子孫苦等1世紀! 丹麥奶油大亨"23.6億遺產"將拍賣 曾被禁售100年! 超珍貴"維京時代錢幣"登上拍賣桌 總價值近24億 丹麥奶油大亨2萬枚錢幣將拍賣│【國際焦點】20240914│三立新聞台

https://m.youtube.com/watch?v=WqXK7kiZTnA

[behappyalways]

RIP “real” diamonds
https://x.com/amytongwu/status/1840220876232634688

[behappyalways]

De Beers Pulls "Last Resort" Price Cut As Diamond Price-Floor Crumbles
https://www.zerohedge.com/commodities/d ... r-crumbles

[behappyalways]

A diamond may be forever, just don't look at the price over time
https://x.com/Mayhem4Markets/status/1865769357218927021

[behappyalways]

De Beers Diamond Inventory Soars To Highest Since 2008 Financial Crisis As Prices Plummet
https://www.zerohedge.com/markets/de-be ... es-plummet

[behappyalways]

黃金1年漲27% 名表熱門款貴14%一支多掏20萬 勞力士變貴了 AP.PP不排除延續精品表漲價潮｜非凡財經新聞｜20250106
https://m.youtube.com/watch?v=lySgPCjU0c4