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Making the art world part of your portfolio

The art world is getting even busier. I recently attended one of the most popular art fairs, Frieze, which debuted contemporary works in Los Angeles recently. The best pieces were bought by local celebs, collectors, and gallerists on the first night, invite/super-VIP entry only. A work by Mark Grotjahn was notably sold for $600k and of other pieces by Henry Taylor and Avery Singer sold in a price range of $100k-495k.^1 A collection of former UBS head-banker was presented that included Picasso’s “Femme au beret et la collerette” and it’s not clear which pieces were sold during the event. Understandably, most blue chip works are outside of the price range of most investors. So how do you deter

Why coffee futures are tanking

You wouldn’t know it by going to a coffee shop but coffee prices are actually freefalling. In the L.A. coffee shop that I frequent, an espresso costs $4.11, including taxes. I have it in mind to explain to them that the wholesale cost of their coffee should be low enough that they should pleasantly pass those savings on to the consumer - wishful thinking. But what are coffee futures and why are prices falling? Coffee is the world’s second most traded commodity, after oil, and far before it arrives in your cup, wholesale prices are determined often months in advance through the futures market. By pricing out coffee before it’s cultivated and processed, it establishes security and stability in

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Eureka Wealth Management is a registered investment adviser in the State of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.