That said, Salma Shaheem, FAFG's head of Middle Eastern markets, told The Daily Star that passion was sometimes a guide rope for collectors.
An international contemporary art specialist and Sotheby's co-head of contemporary sales in Doha, Agopian said that, like FAFG, Sotheby's role was to pay "attention to what artists are showcased, what artists curators are concentrating on."
Driven by financial results, FAFG
's art advisory team will strive to give our clients access to quality art works for the best prices available in the marketplace."
According to the agreement, experts from the FAFG will work closely with Emirates NBD Private Banking to provide advisory services to the bank's High Net Worth clients who wish to invest in art as an asset class.
The FAFG team consists of 35 art and financial professionals with representatives in London, New York, Miami, Lugano, Athens and Dubai.- TradeArabia News Service
The bank will offer this advisory services to its private banking clients across the UAE and also in other parts of the world where bank has its operations, Emirates NBD Acting General Manager and Chief Investment Officer, Private Banking Gary Dugan told Khaleej Times.This partnership will enable the bank to provide value-added advisory services to its clients, who wish to include art as a percentage of their investment portfolios, Dugan said, adding: "We look forward to working closely with the art professionals at FAFG, which is renowned for developing and managing investment vehicles that invest in fine art," Dugan added.
According to the partnership agreement, experts from the FAFG will work closely with Emirates NBD Private Banking to provide advisory services to the bank's HNWI clients who wish to invest in art as an asset class.
Nevertheless, armed only with spades and with the help of neighbors, the FAFG
is rewriting the history of Comalapa.
"In addition to the opportunity for portfolio diversification, art has traditionally yielded high returns and shown a low correlation to other asset classes, thus proving to be a remarkable store of value and effective hedge against inflation," Philip Hoffman, CEO of FAFG
An advisor to the FAFG
told The New York Times that its investigation was getting close to implicating former military officers including Rios Montt, who is now head of the governing Frente Republicano Guatemalteco (FRG) and president of Congress.