Home Blog Page 885

Your Parents Most Likely Had it Easier in Their Heyday

0

Getting onto the property ladder has always been a hot topic among twenty-somethings and their parents – especially after the recent Budget. Grown-up kids want to move out, but can’t afford to, whereas parents who want the best for their kids can’t understand why not.

Well, Howells Solicitors is ending the affordability debate with its report: ‘Historic House Prices: Research Shows Your Parents Definitely Had it Easier’.

The South Wales-based business has examined government data to reveal a true comparison of the property market today compared to a generation ago.

Properties Are More Expensive Than Ever…

Back in 1980, the average UK home cost just £24,000. This rose to £60,000 in 1990, and ten years ago you could expect to pay £200,000. At the end of 2017, the average home now costs more than £226,000.

On average property prices have increased 7% each year since 1980.

…Homes Are Also Less Affordable

Property prices are higher, but wages are also, so does that mean getting on the property ladder is just as affordable as 20 years ago? Sadly, no.

According to the Office for National Statistics and the Annual Survey of Hours and Earnings (ASHE), the average prospective homeowner could expect to pay 3.6 times their earnings on purchasing a home in 1997. Last year, the average person required 7.6 times their earnings – more than double.

How is This Affecting First Time Buyers?

Somewhat unsurprisingly, the number of property loans taken out by first time buyers has decreased by almost half since the highs of the 80s and 90s, whereas the average homeowner is now older than ever before at 32 years old.

So, yes, your parents most likely had it easier in their day, but that doesn’t mean getting on the property ladder in the 21st century is a lost cause. If you dream of purchasing your own home, there are a number of government schemes and initiatives available, such as Help to Buy, you could also speak to your local conveyancing solicitors about a fixed-fee, no-sale-no-fee service.

Improving yourself as a consultant

0

As a consultant, you’re sure to have a certain skillset that will make you a great asset to any business who chooses to make use of your services. But does that mean that your skillset has to stay static and unchanging throughout your career?

Finding ways to expand your skills and improve the services you offer potential clients is a great way to push yourself to greater success over the course of your career, but how should you go about doing exactly that? The Consultant Hub tells you some of the things to consider when improving yourself and your skills as a consultant.

Review where you’re at first

The best way to start improving your skills is to figure out exactly where you’re at now in terms of your current professional development. To look for ways to improve yourself, think about things like:

  • How long has it been since you worked as someone’s direct employee — Has anything happened or changed within the industry since then?
  • Have I been given any recent feedback that I can take on board and use to improve myself?
  • Do I have any peers who can give me guidance, or help me find further consultant roles?

While it’s true that there are many things to consider when looking for ways to improve your skills, planning your professional development thoroughly from the start can help keep you on track and keep you motivated to always push yourself and improve further.

Taking advantage of gaps in the market?

It might even be that the decision to improve your skills comes for a reason other than improvement for its own sake. You might simply identify a certain niche out there in the market that you could be in the perfect situation to take advantage of.

It could be, for example, a business not implementing some process changes that will make their output more efficient, so you undertake some research ready to put together a consultancy pitch in the aims of securing a new client.

Constant learning process

It’s important to note that there will always be something you can do to improve yourself in some fashion. New developments and drastic changes in many industries are always happening, and you’ll need to keep on top of it all to be as effective as consultant as you can be.

With that in mind, knowing exactly what skills and traits a great consultant should have, and should focus on developing is a great way to improve yourself as a consultant

You should always be pushing yourself to identify your own strengths and weaknesses — How you can turn strengths into unique selling points; how you can begin to minimise or eliminate the effect weaknesses have on your work.

You could also think of trying to find learning opportunities either locally, further afield, or online. Anything that can help develop your individual skillset, and that you can demonstrably prove the value of, will be immensely helpful in proving to your potential clients that you’re always keen to remain at the forefront of your field — Always doing your best to prove you’re exactly what a business needs, and you should certainly be their first port of call for advice, guidance, and support.

Ways to keep your company’s data secure

0

Your company’s data security is critical to its viability. Your trade secrets, financial records, and employee records all need protection. Otherwise, you could suffer financial losses and damage to your company’s reputation. Discover the following three ways to keep your company’s data secure.

Train Employees on Data Security Measures

Image via Flickr by VFS Digital Design

Your business’s security measures won’t matter if employees haven’t been trained properly to follow them. Time and again, it has be revealed that the security breaches are often caused by human error. People can be confused by the nature of internet security. The famous 2016 phishing attempt that led to a major hack of the Democratic National Committee was entirely avoidable. Social engineering attacks, like phishing, exploits human nature to steal credentials and enter a network through the front door.

A gentleman who had a law degree from Georgetown University fell victim to a simple hack. His aide made a typo indicating that he should open a phishing email. The person meant to say not to open the email, and the mistake may have influenced the outcome of the 2016 presidential election. Both parties needed better training about the importance of precision in data security.

Train your employees to recognize the dangers of phishing emails and teach them how to avoid ransomware attacks and other potential security breaches. This training could make a difference in your company’s overall data security. Employees should also be trained to recognize a legitimate website from an imposter’s malware infected site. Lastly, employees need to be taught to internalize the concept that security is a company-wide responsibility. All it takes is a single employee to expose the most sensitive information to unauthorized individuals.

Hire Hackers to Test Your Security Systems

This solution may sound outlandish when you hear it. In practice, many corporations have discovered that hackers are great security freelancers. Who knows better about the ways to breach your data security infrastructure than a hacker? Even major internet businesses such as Google employ cybercriminals to test the integrity of their infrastructure.

You can take the same approach to your company’s data security. Search for a security expert with proven hacking skills and ask for personal reviews before hiring this individual. Once you have established a level of trust, pay the individual to attempt a hack. After a detailed attempt, the hacker will report back to you on target areas of improvement in your data security system.

Another option that some large tech companies opt for is to try a bug bounty program where professional experts will look for bugs and vulnerabilities within a system in return for a monetary reward.

Add a Cloud Access Security Broker

You’ve spent much money on your IT system’s data security. You also have confidence that the cloud services you use are similarly safe. Both of those statements are true, but the problem is that your data can become exposed once it leaves your servers.

A series of internet protocols connects your internet to the cloud service, but these protocols aren’t as secure as your internal ones. These protocols are also less safer than the ones on cloud servers. Hackers often target this environment between your system and the cloud as a potential infiltration point.

You can add exponentially stronger data security measures to correct this problem by using a cloud access security broker (CASB). A CASB extends your own internal security measures all the way to the cloud server. In other words, you maintain control of your system in the manner you prefer until you pass control to the cloud service. By doing so, you can eliminate potential flaws in your data security.

With so many implications at stake, you must protect your data. The three areas listed above are merely a start toward safeguarding your company’s critical information.

 

Signs you may need to reconsider your insurance company

0

When the time comes for you to consider renewing your insurance for another year, you may simply go ahead without stopping to even consider the other options. That can be understandable, given how time-strapped many of us are. However, by simply renewing that policy, you almost definitely will be left out of pocket. Here are several reasons to consider switching instead.

Your premium has increased since last year

In August 2016, the UK’s Financial Conduct Authority (FCA) unveiled new measures intended to encourage a higher number of people to resist simply renewing their insurance when prompted to do so. In fact, due to these measures, you could soon have more reason to abandon your current insurance provider and look around for a new deal, should this be financially desirable.

But how will you know whether it is? One big reason is that, since April 2017, UK insurers have been required to, whenever renewal time comes around, let policyholders know what premium they agreed to last year. This will enable the holder to readily compare that premium with what they would pay if they renewed – a move that is unlikely to look quite as appealing as it did before…

Consider that, as the Money Advice Service notes, a UK home insurance premium usually rises by £9 annually. Whereas Brits collectively spend £37 million too much per year when they renew, they could actually each save £59 annually if they switched to better deals.

You have already renewed your insurance four times in a row

Letting a policy automatically renew itself can feel comfortable. After all, it can ensure that there is no gap or interruption in your coverage. However, in the long term, you could make significant savings if you seriously consider switching.

Indeed, should you have already renewed a policy four times in as many years, you might have started receiving additional messages that shine a light on the possibility of you switching. The Money Advice Service’s Nick Hill has enthused: “It’s good to see that providers will provide stronger reminders to shop around. So take advantage of these reminders and shop around.”

You could do that shopping around with assistance from an insurance broker. If you are UK-based, a good choice of broker would be Call Wiser, which can compare insurance policies from more than 30 insurers before giving you a quote for the most suitable policy it finds.

The company doesn’t offer a “blackbox policy” for your car

“Blackbox policy” is a colloquial term for a car insurance policy where the insurer provides a telematics system to be installed in your car. There, the system can monitor various aspects of your driving – including your speed, the aggressiveness of your accelerating and braking, and whether you drive at times often deemed dangerous, such as early morning.

Once you have spent a certain amount of time driving safely with this telematics box recording it, the premiums for your car insurance could significantly drop, says This is MONEY.co.uk. Of course, the higher your premiums currently are, the more you stand to gain – making blackbox policies particularly worthwhile for younger drivers who insurers often consider relatively risky.

Your private health insurance no longer meets all of your needs

Certain countries, such as the UK, can provide much healthcare free of charge. That healthcare would be publicly funded; however, you might still have what is called private health insurance. This could enable you to reduce how long you wait for medical treatment.

Nonetheless, it’s worth regularly looking back at the small print of your existing private medical insurance policy. In doing so, you might realize that the policy no longer accounts for particular circumstances that have arisen since you originally took out this insurance.

For instance, while you might have been single back then, you might now have a partner and children who would not be covered by the same policy if they suffered adverse health. This is one scenario highlighted by The Telegraph, which also cites another possible situation where you may be interested in a policy offering benefits different to those available from your existing insurance. In either situation, an insurance broker could help you find a new, more suitable policy.

How Does Insurance Work? – A Proper And Concise Explanation

0

You surely have a home insurance policy as well as a plan for your car, but do you really know how insurance works?

You do not need to know it to take advantage of it, but if curiosity has sparked you, then this article will explain it all to you.

Unlike other posts which make things excessively hard, this one will use layman’s terms, so you can get our points across very easily!

For Starters… What Is Insurance?

In simple terms, we can define it as a group of individuals who agree to share risks. By doing this your money is pooled with others’, so there is enough money to fulfill the claims.

However, this group is solely composed by persons who share similar risk characteristics, so that there is a fair distribution of expenses and losses.

Overall, insurance is a way to protect your car, property, etc. by pooling money. When buying it you get a policy, which is like a contract, where you will find what is covered and what is not. It is important to read it properly, so you can be aware of the limits of your insurance plan.

If you want a full and more detailed explanation on insurance, the different types and more, then you should visit this site.

What Do They Do With Premiums Money?

Insurance companies need to manage premium dollars in order to keep the business running and be capable of fulfilling the valid claims that fall within coverage.

Essentially, they do three things with this money:

  1. Pay claims
  2. Invest
  3. Pay expenses

The second point is the most interesting, because thanks to these investment policyholders can save money. Depending on how well they do, you will save more money or less. Fortunately, the majority of established companies now how to handle their investment portfolio and diversify them properly.

How Do You Know How Much To Pay?

It is very hard to give an answer that fits all cases. In order to determine how much you will have to pay we need to talk about the kind of insurance, and only then, we can discuss other factors.

For example, let’s suppose you want to get car insurance, then the following factors would come into play:

  1. The model of your car
  2. Where you drive
  3. If you share your car with other people
  4. If you use it for work or not
  5. If you keep financing it

The same can be said about life insurance, where many factors come into play. Therefore, your best bet is to work with an insurance agent, in order to explore the options available in the marketplace for what you need.

What Will Happen When I Fill a Claim?

A car accident? Was your house damaged due to a fire or vandalism? Then it is time to fill a claim to get the monetary compensation offered by your insurance plan.

First off, refrain from filling a claim for things you can easily afford. The more you report the more expensive your premium will become. Only do it in cases that really need it.

The process goes down like this:

  1. You fill the claim and present it to your insurer or broker
  2. A Claims Representative will contact you for further information on the incident
  3. The same representative will bring you options on how to settle your claim
  4. The representative will take care of the whole process and paperwork
  5. You will receive a payment that goes according to your insurance coverage

Those are the stages that you will have to go through from filling your claim to receiving the corresponding payment.

Conclusion:

That is how insurance companies work. You can understand it easily, because we have not used any kind of hard terminology.

In any case, if you had a question regarding how insurance works, just post it and we will answer it as soon as time allows it.

Co-founder of Max Polyakov’s Noosphere Shares Thoughts on How Ukraine can Win the Technology Race

0

The attitude toward the Soviet era in the history of Ukraine is rather ambiguous. The vast majority are desperate to criticize the USSR years, a minority feels nostalgic. At that, one cannot but agree that Ukraine has inherited a powerful technological and scientific basis that has given the world many outstanding scientists, researchers, and developers. A case in point is the rocket industry that enjoyed especially strong positions in Ukraine. Notably, not only in the USSR era, but after Ukraine left the Soviet Union as well.

For instance, Dnipro (formerly Dnepropetrovsk) is considered as the cradle of the Soviet rocket industry that was created on the basis of the Dnipropetrovsk Automotive Factory back in 1944. Consequently, Special Development Laboratory No. 586 was created in the factory, today it is known as PA Yuzhmash. It was local developers who created the legendary R-12 carrier rocket in the 1950s, the development being lead by the renowned mechanic Mikhail Yangel.

Unfortunately, after the Soviet Union fell apart, the famous might of the rocket industry waned. Yet, the potential – in terms of technology, science, and human resources remains, and investors (particularly Noosphere Ventures, managed by Max Polyakov) are absolutely confident in this fact. The question is – can we use it for the benefit of the Ukrainian economy and its reputation? There is a chance. And it is in our hands, Michael Ryabokon, who co-founded Noosphere Engineering School together with Max Polyakov, assures us.

This way is that Ukraine has been able to host both the World and European championships in model rocketry. It is notable that the World Air Sports Federation – FAI, with headquarters in Switzerland, has awarded this title to us of all countries, despite the harsh competition. It was only logical to host these championships in Dnipro. Unfortunately, a war has started in East Ukraine, and the championships were at a risk of cancellation. However, Europe preserved our right to host the championship, but under the condition that the location was moved farther from the military conflict zone to the west.

“The youth want to be sure that it is not necessary to leave the country to be successful”

In August 2016 Association Noosphere, founded by Max Polyakov, hosted FAI’s World championship in rocket modeling. Оver 300 competitors from 20 countries came to Lviv to compete in the art of constructing and launching model rockets. The contest participants included teams from the most technologically developed regions: the USA, Japan, China, Canada, and Great Britain. Indeed, Ukraine had an advantage in this field. First of all, the Ukrainian team are the current champions of Europe in model rocketry. In 2015 at the European Championships, the Ukrainian team won 14 gold, 6 silver, and 7 bronze medals in the overall standings. A splendid result that keeps improving from year to year.

There is another, more important thing here. The very title to host the championship illustrates the belief in us and presents the opportunity to make a name for ourselves at the international level. Indeed, model rocketry is an engineering advertisement of sorts, a demonstration of the country’s scientific potential.

And Ukrainian science is in need of such things. It takes us great effort to shed the stereotypes of the past few decades when it was self-contained without taking the demands of other industries and the rapidly changing market into account. The situation is that the majority of our researchers (younger and older alike) do not realize the practical value of their ideas and achievements or the obstacles to their implementation. And the participation in such contests, competing with experts in various fields who will visit us from all over the planet, is an excellent way to demonstrate that being an engineer is not only exciting but also prestigious.

The youth want to be sure that it is not necessary to leave the country to be successful – a message Association Noosphere of Max Polyakov has been conveying for over three years now. By giving developers a sense of significance and relevance, we can stop the outflow of talent and human assets which has been a pressing problem and a topic for discussion on the state level.

“They believe in us and present the opportunity to make a name for ourselves at the international level. Indeed, model rocketry is an engineering advertisement of sorts, a demonstration of the country’s scientific potential”

We need to remember that model rocketry presents a splendid base for training the future military engineers and a breath of fresh air for the defense industry in general. According to Max Polyakov from Noosphere, this is a highly lucrative investment field. For instance, the championships in Lviv were attended by the chairpersons and leading engineers of companies engaged not only in the rocket industry, but also in military technologies. Thus, it means not only potential contracts and orders for Ukrainian production companies, but also potential investments in creating game-changing weapons and solutions for the army (surveillance systems, navigation, unmanned vehicles, anti-aircraft defence, etc.).

It is obvious that the renaissance of the country’s engineering sector might not be achieved by a single championship, even an international one. We need to solve a number of state-level problems, including the approach to the education system in regard to science and technology, as well as the numerous state restrictions, for example, in the fields of the space and military industries. Unlike many nations, such as the USA, where private companies supply arms to the state, we have a monopoly on military technology and production. They have market-based competition and the necessity to improve, while we have a stagnating environment for innovation.

However, it is pointless to list all the possible reasons that hamper the development of the environment for innovation. Instead, we should seek alternatives to replace the low-efficiency institutions. For the last few years, that has been the major focus of Association Noosphere, that was founded by Max Polyakov in 2012, to attract the attention of wide audiences – both home and internationally – to our intellectual and technological fields. They present a base for globally in-demand startups and help shape a more sustainable and competitive economy for Ukraine.

Originally posted on forbes.net.ua Michael Ryabokon opinion section

How to Install Tiles on Your Walls and Floors the Right Way

0

Not long ago, the process of installing tiles was often left to the hands of professionals. It involved soaking ceramic tiles in water for a whole night then setting them in thick mortar afterward. Nowadays, the introduction of backer board and thinset adhesives have made it possible for anyone to perform a DIY tile installation, making it easier than ever to update your home with items such as a ceramic field tile.

Since home renovations can cost thousands, many homeowners prefer doing things on their own. This is true with tiling. Calling for a tiling contractor is expensive. On average, it will cost anywhere from $45 to $150 per hour. There are also those who will charge you around $35 to $50 per square meter depending on the materials used.

If you are more of a DIY person and want to save money, here are some DIY wall and floor tiling tips you want to consider:

How to Install Wall and Floor Tiles

1. Prepare the Surface

Before you begin with your tiling project, you have to prepare the surface first. Ceramic tiles can be installed over most substrates; however, you need to clear the surface of any dirt. Make sure it’s clean, dry, smooth, and free of any grime and dirt. Remove any loose or uneven areas, trims, appliances, moldings, and anything that can only interfere with the installation.

2. Consider the Layout

When doing a wall and floor tiling project, make sure you keep the layout of your room in mind. If you install tiles on your walls, start from the bottom row first. From there, you can then start working your way up one row at a time.

Meanwhile, if you install tiles on your floors, you need to make sure it has a flat surface first. You can do this by pouring a self-leveling compound for a flat, smooth base for your tiles.

3. Pick the Right Adhesive

You should use the right mortar or adhesive for your surface to make sure it bonds properly. If you have a cement board or concrete surface for your walls, using a multi-purpose mortar is recommended. Meanwhile, a thinset mortar is ideal for concrete slab or cement board floors. Once you have applied the appropriate adhesive, you may then start setting your tiles.

4. Grout the Joints

Grouting follows after you have successfully set the tiles on your walls or floors. On average, you will need to wait for 24 hours before you can start grouting. Determine the color of the grout you want. For best results, it’s ideal to pick a color that complements your tiles.

Follow the instructions indicated when mixing your grout, and mix only enough to use within 30 minutes. Before applying, make sure you wear protective gloves. Spread your grout mixture on the tiled surface with the use of a squeegee. Don’t forget to remove any excess grout from the surface. After you’re done, begin the cleanup procedure.

Conclusion

As you can see, it’s not really impossible to perform a DIY tiling project. With the right materials and procedure, you can do tiling on your own without the need to rely on a professional’s help.

How to Set Up an IBC Company in Seychelles

0

Located approximately 930 miles east of Africa in the Indian Ocean, Seychelles has grown into one of the world’s most popular offshore business locations.

Seychelles offers a variety of factors that make it appealing for businesses. The country has a stable, efficient government, and a convenient company incorporation process. Taxes are low and many other countries have treaties with Seychelles to prevent double taxation.

For most people, the most effective option for opening a business in Seychelles is to open an IBC, or International Business Company.

A Seychelles-incorporated IBC can conduct business internationally with ease, with relatively few reporting regulations. An IBC in Seychelles is also not subject to tax on its profits, making Seychelles an ideal option for businesspeople interested in tax minimisation.

Seychelles also offers a good selection of banking options, making it a reliable and convenient location for businesses of all types and sizes. Since an IBC can be 100% foreign owned, there is also no reason to stress about entering into a joint venture with a local company.

UK-based businesspeople can also benefit from a familiar, reliable legal system that’s based on English Common Law. This makes Seychelles a preferable option compared to other offshore business centres, many of which don’t offer a great degree of legal reliability.

Finally, an IBC in Seychelles offers a high degree of privacy. The only information that’s made publicly available about an IBC is its Articles of Association and Memorandum, neither of which contain any information about the company’s shareholders.

The process of opening an IBC company in Seychelles is fairly straightforward. Because there is no minimum paid-up capital restriction for IBCs, it’s also an inexpensive process that’s ideal for smaller businesses.

To begin with, it’s important to check that your IBC will operate within the specific laws for IBCs in Seychelles. An IBC cannot acquire real estate assets, offer gambling services and must not conduct business activities within Seychelles.

A Seychelles IBC must also open its main bank accounts in Seychelles and carry out all of its bookkeeping within Seychelles.

There are also numerous other regulations that need to be considered. The best way to learn more about the suitability of Seychelles for your business is to contact a Seychelles company registration agency and arrange a private consultation.

From here, there is a registration and incorporation process. Companies in Seychelles are set up and regulated through the Seychelles Financial Services Authority. Seychelles has a very fast incorporation process, meaning your application will be read and processed efficiently.

Finally, there is the process of opening a bank account for your Seychelles IBC. This is usually carried out through a company registration service agency, which will usually have several local banking options for you to choose from.

As with all offshore business areas, the most efficient, effective and safe way to open an IBC is to do so through an experienced company formation services provider. These local companies specialise in completing the IBC registration process quickly, efficiently and without issues.

The Health Benefits of Mucuna Pruriens

0

Known as the “magic velvet bean”, mucuna pruriens is the Latin name for a legume that’s rich in the amino acid L-DOPA.

Mucuna pruriens, or — as they’re more frequently known, velvet beans — are infamous for being very difficult to touch in the wild. The plants are covered in hairs containing serotonin, meaning a small amount of contact with the plant in its natural state can induce severe itching.

When processed into a powder, however, mucuna pruriens are a rich source of nutrients and an important supplement that’s linked to improvements in recovery after drug use, reduction in the symptoms of Parkinson’s disease and mild antidepressant effects.

The nutrients in mucuna pruriens are also a superfood, with links to increases in muscle mass, strength and physical performance.

What is is that makes mucuna pruriens such a nutrient-dense, important supplement? Let’s take a look at its nutritional value, beginning with the plant’s history as a medicinal ingredient over the centuries.

 

What Are Mucuna Pruriens?

The seeds of the mucuna pruriens plant — which are covered in a furry, itch-inducing coat — are an important part of traditional medicine in countries such as Indonesia.

Tribal communities have used the seeds of the mucuna pruriens plant as a treatment for some snakebites. The ground seeds have also been used in Indian medicine as a way to potentially improve cognitive performance and reduce the risk of Parkinson’s disease.

Today, mucuna pruriens is most commonly consumed as a health supplement, typically in the form of mucuna pruriens powder. Many people take mucuna pruriens along with other healthy superfoods and dietary supplements.

 

Mucuna Pruriens Health Benefits

There are numerous health benefits to mucuna pruriens, particularly when consumed as part of a healthy, well-rounded diet.

One of these potential benefits is a reduction in the symptoms of Parkinson’s disease. Mucuna pruriens powder is a rich source of L-dopa — an important amino acid that acts as a precursor to dopamine.

Because Parkinson’s disease reduces levels of dopamine in the brain, the L-dopa that’s present in mucuna pruriens can form an important part of a Parkinson’s disease symptom management protocol.

Mucuna pruriens powder is also linked to an improvement in androgen levels in men, promoting a greater level of fertility and libido. Scientific studies have shown that mucuna pruriens results in higher levels of testosterone and other important sex hormones in males. It’s also important to understand the answer to the question “can STDs cause infertility?”, as untreated infections can damage reproductive organs and lead to complications such as pelvic inflammatory disease, which may result in infertility.

This, in turn, can promote an increase in lean muscle mass and a noticeable improvement in body composition for men and women.

Finally, mucuna pruriens powder can act as a mild antidepressant. This is because it increases dopamine levels in the brain, potentially reducing the stress, anxiety and frustration that often occurs as a result of depleted dopamine.

For example, one scientific study shows that mucuna pruriens extract has a noticeable positive effect on the performance of mice in tests used to track antidepressive action.

All in all, mucuna pruriens powder is a worthwhile, scientifically proven health supplement that can improve everything from body composition and physical performance to mood, sex drive and fertility. As such, it’s worth considering as part of your wellness supplement protocol.

How to spot a shrewd art investment opportunity

0

In the face of rising interest rates and financial uncertainty after Brexit, the British art market has remained in unexpectedly good health. March saw record sales at Sotheby’s to the tune of £48m, including Europe’s third most expensive auctioned artwork, “Bauerngarten” by Gustav Klimt.

But while these big ticket auction lots are still rare beasts, art remains a wise commodity to invest in. One art investment fund manager has noted that investing in contemporary art “is where the most liquidity is,” and indeed, only three of the world’s ten most expensive paintings come from before the 19th century. Yet, actually determining which works and artists are likely to yield the best return on investment can be difficult. What is it about certain paintings which makes them so lucrative in the long run?

 

The value of deceased artists

Most art dealers will be the first to admit that certain styles or artists come in and out of fashion; however, supply and demand is also a major factor. This is borne out by comparing the value of the priciest work by a modern artist sold at auction by the most expensive living artist and the most expensive dead one. While Gerhard Richter’s “Abstraktes” sold for a little under £30.5m at auction in 2015, that’s a mere 10% of what “Interchange”, a piece by Willem de Kooning, fetched in 1995.

Yet, the fact that an artist has died does not always mean that their work will consistently be valued at auction for a high price. The late German artist Josef Albers, for example, underwent a major renaissance of interest some four decades after his death, with retrospective shows leading to increased prices at auction. Yet, despite the finite resource (the artist passed away in 1976), the value of Albers’ work seems to have already plateaued.

 

Provocative art – as shocking at auction as it is in a gallery

The concept of provocative art can be a broad one; as tastes, and the accepted view of what is shocking, change over time, it is arguably harder in 2017 to create something that would have caused the same sort of Sensation as it would have two decades ago. A still-controversial piece such as Andres Serrano’s “Piss Christ”—a photograph of a crucifix suspended in the artist’s urine—went for $185,000 at auction in 2014, while Tracey Emin’s oft-vandalised “My Bed” was last sold for £2.2m in the same year.

Then again, as the shock fades, so too can its price; Marcel Duchamp’s “Fountain”, an infamous porcelain urinal which the Tate Gallery describes as “test[ing] beliefs about art and the role of taste in the art world,” sold for nearly $600,000 less in 2002 than it did five years previously. Consequently, the difference between types of work—be it painting, installation or sculpture—seems to have less impact than one would expect.

Ultimately, as with any investment, research is key; the only difference is how invested you are personally with the works you are buying. If you have a longer view of your investment, you should come armed with the facts about the artist and the work itself. If, on the other hand, you simply like a painting on an aesthetic level, external factors should not discourage you from putting in a bid.

  • bitcoinBitcoin (BTC) $ 108,926.00 0.71%
  • ethereumEthereum (ETH) $ 2,567.14 1.83%
  • tetherTether (USDT) $ 1.00 0.02%
  • xrpXRP (XRP) $ 2.26 1.34%
  • bnbBNB (BNB) $ 661.63 0.95%
  • solanaSolana (SOL) $ 151.12 2.03%
  • usd-coinUSDC (USDC) $ 0.999842 0.01%
  • tronTRON (TRX) $ 0.287639 1.39%
  • staked-etherLido Staked Ether (STETH) $ 2,566.77 1.84%
  • cardanoCardano (ADA) $ 0.584096 1.53%
  • avalanche-2Avalanche (AVAX) $ 18.19 1.55%
  • the-open-networkToncoin (TON) $ 2.82 3.06%
Enable Notifications OK No thanks