● Art Market Boom-NYC
2024 New York Frieze Art Fair: A Complete Analysis of Art’s Assetization and Global Art Investment Trends
In this post, we will focus on the 'Frieze Art Fair' in New York and cover:
- The trend of assetization in the contemporary art market
- The atmosphere and economic value of the art fair
- The rise of emerging artists and new collectors
- The convergence of technology with art, including digital, AI, and NFTs
- The scene of young collectors and global networking
We'll explore all the profitable issues in the latest global art market.
In particular, don't miss out on global hot topics such as art investment and art finance, portfolio construction alongside real estate, and NFT, AI platforms, and YCC parties!
2024 New York Frieze Art Fair: Detailed Summary by Chronological Flow and Key Themes
1. Art Becomes an Asset, Beyond Appreciation
- In New York, the heart of the global art market, art is transforming into more than just an exhibition.
- Major museums like the Guggenheim are recognized as 'brands' themselves, and artworks are being incorporated into the portfolios of global high-net-worth individuals as major assets.
2. Art Fair Scene: Frieze New York 2024
- Frieze New York, one of the world's top three art fairs, is a hotbed of art market trends with its diverse modern art, emerging artists, iconic spaces, and economic value.
- This year, Korean tech companies like LG participated as official partners, highlighting the combination of tech and art.
- The emergence of future-oriented content such as NFTs, AI, and interactive media is increasing the influx of Gen Z and Millennial collectors.
3. Art and Economics: Art as an Investment Market
- As of 2023, the global art market is worth approximately $67 billion, with the average annual value increase of top artists' works recorded at 11%.
- The value of artworks has multiplied in many cases depending on factors such as scarcity, artist potential, and past exhibition history.
- Low-priced art products such as 'plates' (painting plates) have also emerged, lowering the barriers to art investment.
4. Millennials and Emerging Collectors: A New Generation of Art Tech
- New concepts in art finance & art investment are emerging, such as AI-based artist analysis services and NFT co-purchase platforms.
- Social media such as YouTube and Instagram have greatly lowered the barriers to entry into art collection, leading the market landscape, including the discovery of emerging artists.
5. YCC Art Party: A Place for Art-Business-Investment Networking
- Artists, collectors, and brands meet and exchange contacts and information directly at offline events such as 'YCC' concept parties.
- Participants from various backgrounds such as startup founders, fashion, and venture capitalists are being drawn in, actively seeking to secure the potential 'Next Basquiat.'
- Artworks are establishing themselves as financial investment assets beyond appreciation, and actual investors are concentrating on strategies to pre-emptively invest in artworks at event sites.
6. Conclusion: A New Dance of Art and Capital
- Art is no longer 'art inside a museum.'
- It is transforming into an asset that leads the flow of daily life and the economy by combining with digital, technology, finance, and investment networks.
- The 2024 Frieze New York and venues like YCC are at the forefront of these changes.
< Summary >
- Art investment, art finance, NFTs, AI, and art fairs are converging to assetize and digitize the art market.
- Millennial collectors, emerging artists, global brands, and tech companies are emerging as the main players leading market trends.
- The next-generation art investment ecosystem is being actively built at offline networking parties (YCC).
- The growth rate of the art market, digital art, and innovations in artwork investment and ownership methods are driving market expansion.
SEO Optimized Summary
Analysis of global **art market** trends centered on the 2024 **New York Frieze Art Fair**.
Art is establishing itself as an **investment asset** beyond simple appreciation, and **NFTs**, **AI**, and other tech trends, the rise of Millennial art tech, and offline party (YCC) networking are all contributing to the economic value and capital convergence of modern art.
Professionals, emerging artists, collectors, brands, and venture capitalists are gathering to redraw the future of the art market, leading a new paradigm of digital and finance.
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*YouTube Source: [Maeil Business Newspaper]
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● ISA Alert-US Instability
U.S. Stock Market Correction, China’s Stock Market Strength, and New Chinese Tech ETF Investment Strategy
With the U.S. stock market recently entering a correction phase, the Chinese stock market is showing relatively stable performance.
Many investors are directly investing in Chinese stocks, but there are many difficulties in trading convenience due to trading hours, units, and stock-specific restrictions.
You can effectively and conveniently diversify your investment in Chinese tech companies by using the ETF 'Tiger China Tech Top 10', which is scheduled to be released on May 13.
It is an opportunity to aim for tax benefits and long-term growth by investing in ISA and pension accounts.
This article specifically organizes
- Changes in the U.S. and Chinese stock markets,
- Disadvantages of direct investment and advantages of ETF investment,
- The product structure of the Tiger China Tech Top 10 ETF,
- A strategy for diversifying investment in Chinese growth stocks using ISA and pension accounts.
It covers growth potential, investment diversification, risk minimization, convenient trading environment, and tax saving strategies, making it essential reading for those considering future global investment directions.
Recent Correction in the U.S. Stock Market and Relative Strength in the Chinese Stock Market
- The U.S. stock market (especially S&P500, Nasdaq, etc.) is being adjusted due to concerns about overvaluation, the Fed's tightening policy, and earnings announcement variables.
- Investors are feeling the 'valuation burden'.
- On the other hand, the Chinese stock market is bottoming out and rebounding due to signs of improvement in the economy, which has been sluggish for several months, and policy-driven economic stimulus.
- The perception that Chinese stocks have entered a relatively undervalued phase is expanding.
Disadvantages Experienced When Directly Investing in Chinese Stocks
- Trading hours in mainland China and Hong Kong are different from those in Korea, requiring nighttime trading.
- Minimum purchase units and individual investment restrictions (Beijing Stock Exchange, etc.) are complex and inconvenient for each stock.
- Multiple securities accounts and cumbersome procedures such as currency exchange are required for direct trading.
- Accessibility to core stocks (Alibaba, Tencent, etc.) is low, and risk management is difficult.
- Burden of commissions and foreign exchange costs.
ETF Investment Greatly Improves Accessibility and Convenience to Chinese Tech Stocks
- The Tiger China Tech Top 10 ETF focuses on the top 10 Chinese tech companies.
- Stocks: Includes leading big techs such as Alibaba, Tencent, Meituan, Baidu, and Pinduoduo.
- Listed on KOSPI, trading in Korean Won is possible, eliminating the need for separate procedures such as currency exchange.
- Same trading hours and units (based on Korean market).
- Diversified investment is possible even with small amounts, ensuring transparent trading and reduced commissions.
- Consistent rebalancing diversifies risk by stock and secures mid- to long-term growth potential.
ISA/Pension Account Utilization and Tax Benefit Strategy
- Investors can incorporate ETFs into their ISA, pension savings, and other accounts.
- ₩2 million tax-free in ISA (maximizing returns compared to general accounts).
- Additional tax benefits when accumulating long-term in pension accounts.
- A strategy to simultaneously aim for global growth potential + tax savings.
- It is advantageous to allocate a higher proportion to assets with high growth potential (recommended 20~30% of the portfolio).
Chinese Tech ETF Investment, Global Diversification Strategy Points for the Future
- With the U.S. valuation burden deepening and the volatility of the portfolio increasing, the need for diversified investment is growing.
- Expanding the proportion of structurally growing industries such as Chinese IT, commerce, and AI.
- Minimize both trading convenience and exposure costs by utilizing indirect investment vehicles such as ETFs.
- It is necessary to have a flexible portfolio structure that actively responds to changes in the investment environment.
< Summary >
- Clear trend of U.S. stock market correction and Chinese stock market rebound.
- Direct Chinese stock investment has inconvenient trading and high risk.
- The Tiger China Tech Top 10 ETF allows diversified investment in leading Chinese tech stocks.
- You can aim for tax benefits + growth potential simultaneously in accounts such as ISA and pension.
- It is a new product launch that is in line with portfolio diversification, tax saving, and long-term investment strategies.
U.S. Stock Market Weakness, Target Global Growth Stocks with Chinese Tech ETF Investment
At a time when the U.S. stock market is showing weakness due to high point burdens and changes in economic policy, the Chinese stock market is showing relative strength thanks to policy stimulus and expectations of economic recovery.
Direct Chinese stock trading has trading restrictions, time differences, and inefficiency issues.
Now, using ETFs, you can easily make global investments like domestic stocks.
In particular, the Tiger China Tech Top 10 ETF, which will be released on May 13, focuses on major Chinese tech stocks such as Alibaba and Tencent.
You can aim for both diversification and growth potential.
When using ISA and pension savings accounts, various tax benefits such as tax exemption and tax credit and long-term growth stock investment are possible at once.
If you want to diversify your global investment assets, minimize risk through ETFs, and capture a convenient trading environment, it is worth paying attention to.
[Related Articles…]
- Global ETF Trends and Investment Strategies 2024
- China Stock Market Outlook and Investor Considerations
*YouTube Source: [달란트투자]
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