2014 (857) June (9) May (152) April (194) March (209) February (168) January (125)

Pretoria. - Concerns about the global economy arts and commodity prices in the first quarter of this year hit equally hard. Citadel's art price index rose 5.3% after it fell in the fourth quarter of last year to 11.6% up. The financial institution has developed the index investors an indication of the broad trends in the South African art market. It is based on price movements in the works of the top 100 artists of sales in the past five years and is compiled from sales at the largest art auctioneers in South Africa and two international auction houses. Walter Batiss Gregoire Boonzaaier, Pierneef James and Frans Claerhout still holds the top four spots in the bestseller list. Sydney Alex Kumalo from the event list, with Giovanni tati Fasciotti now occupies the 100th place. George Herman, investment tati strategist at Citadel, said stock markets closed strong last year because it seemed as if the world economy finally began to recover with Europe's problems steadily closer to a solution moving. tati "Unfortunately, the start of 2013 brought exactly the opposite. Shortly after Cyprus throughout Europe had run, the Chinese growth figures are all there to question whether there ever going to be growing." Herman says it has dampened commodity prices and art prices were not spared. The decline in art prices in the first quarter also Citadel's earlier finding confirms that global art prices the Chinese stock market now imitate. Capital gains Alfie Bester, Citadel fiduciary specialist, said investors in art does not tax capital gains to pay when their works sell. Art dealers have to pay income tax. "The death of a collector as a sale is considered and excluded from capital gains tax in the estate." It is not absolved of estate taxes. The value of the art collection when the owner dies and the works of an heir, or the net sales value as artwork during the course of the administration of the estate sold, contributing to the taxable value of the estate at. Inheritance tax is collected at the flat rate of 20%, but there are exemptions and deductions. "Careful estate planning can reduce tax pressure and art as part of the assets provide some planning tati opportunities that can prevent artworks to be sold to its obligations." Vladimir Tretchikoff's painting The Dying Swan on May 20 in Johannesburg auctioned. Tretchikoff, who originally comes from Russia, this portrait of the international ballerina Alicia Makrova painted in 1949 when she acted. Tretchikoff is currently on the 58th of Citadel's bestseller list of South African artists.
2014 (857) June (9) May (152) April (194) March (209) February (168) January (125) 2013 (397) December (52) November (32) October (63) September (60) August (28) July (11) June (14) May (14) Hennie Nortje - tree as a metaphor for human ART - Innibos Do not Be Fooled Festival - ART INVITATION SCAM WATCH OUT! ART - San Francisco Art - WORLD ART FOUNDATION Art - Longstreet BERLIN "Art of the Mind" Sun's invitation is awaiting your response ARTS - South Africa ARTVenice Biennial 2013 20/21 International Art Fair ART - Sharjah Biennial 11 sec Los Angeles April ( 54) March (30) February (22) January (17) 2012 (66) December (19) November (17) October (13) September (13) August (4) 2011 ( 28) November (1) October (5) September (2) August (2) July (1) June (4) May (7) April (1) April (5) 2010 ( 27) October (2) September (1) August (1) July (4) June (1) May (16) March (2) 2009 (6) December (6)