Collections, Investment

China’s Last Emperor’s wristwatch sold for US 5 Million

A Patek Philippe wristwatch once owned by the Chinese last emperor of Qing dynasty, Aisin-Groro Puyi – sold for USD 5.1 million hammer at an auction in Hong Kong Tuesday.

The Patek Philippe Reference 96 Quantieme Lune, which is one of just eight known to exist according to Philipps acution house which handled the sale.

The 1.2-inch-diameter platinum timepiece features an Arabic numeral dial, pink gold hands and a “moon phase” function that shows hoe visible the moon is from Earth at any given time. It is not known how Puyi actuired the timepiece, though records show it was initially sold via a luxury store in Paris. It is because some of its internal mechanisms date to 1929, though the model was not sold by Patek Philippe – a Swiss watchmaker known for fitting complicated movements into slim cases – until 1937. Phillips added that historical documents prove the former emperor took it with him to a Soviet prison camp in Khabarovsk. Puyi later gifted it to Georgy Permyakov, a fluent Mandarin speaker who served as his tutor and Russian translator during his time in detention.

The auction house – Phillips spent 3 years on reserching the object’s history and confirming its provenance. It is an unprecedented reserch project with a worldwide team of watch specialists, historians, journalists and scientists according to a press release of the auction house.

Image source:

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Investment, News around the World

金价今早曾经升至接近每盎司2050美元

金价今早曾经急升接近每盎司2050美元,但因利润回吐而下跌近20美元。上周,美国联邦储备委员会宣布加息0.25个百分点。一般来说,更高的利率通常对黄金等贵金属不利,使其作为替代投资选择的吸引力降低。然而,停顿或结束加息或有可能会再次推动金银市场看涨。

全球投资者目前正在密切关注拜登和国会领导人在美国债务上限僵局以及潜在的银行危机问题。这两个因素将在美国和全球经济增长上产生重大影响。美国市场的不确定性将促使投资者转向避险资产-黄金市场。

图片来源: https://www.pexels.com/photo/gold-coins-and-bars-on-black-background-8442322/

Investment, News around the World

Gold nearly reached USD 2,050 per oz

Gold spiked to nearly USD 2,050 per troy ounce this morning amid the US inflation report, then dropped nearly USD 20 per oz on profit taking.

Lask week, US Federal Reserve announed a rate hike of 0.25 percenrage point. In general, higher interest rates are typically bearish for yellow metals – Gold and make precious metals less attractive as an alternate investment. However, a pause or an end to the rate hikes may send the bullion markets bullish again.

Global investers currently are watching closely in the standoff in Biden and congressional leaders over the US debt ceiling and also a potential banking crisis. Both factors will weight heavily with the US and global econimic growth. And the uncertainty in the US markets will push investors turn to the haven asset – gold market.

Image source: https://www.pexels.com/photo/gold-coins-and-bars-on-black-background-8442322/

Investment

Gold above USD 2,000 per troy oz again

Gold is above USD 2,000 per troy oz solidly on Wednesday amid the disappointing data of US job market. The weak economic reports and uncertaintly in the global investment sentiment support the gold hanging near a one-yaer high. The waek job data in US signaling that the US econimy is heading for a sharp slowdown.

Collections, Investment

How to invest in Art

Investing in art is perceived as an advanced investment for some of the people it is because art is not a liquid asset. However, investing in art is still one of the valuable investments to date. Here are some reasons behind.

More and more people are beginning to see Art investment as a valuable and consider it as a reliable long-term asset. One of the reasons is arts holds its value over time and has a tendency to grow steadily even the other markets fluctuated significantly.

Furthermore, diversifying your investment portfolio is very important for professional investors. It is important to know that having a variety of assets can help to minimize risk.

Coins made of precious metals is one of the options of art investment for beginners. It also one of the popular and affordable investments options for young investors.