19 Hrs
Source:
الاقتصادية
Are fine art investments attracting wealthy Egyptians
The article discusses the efforts of Egypt's fine arts sector to achieve sustainability and financial investment through bank involvement. Nadine Abdul Ghaffar announced a collaboration with the Suez Canal Bank to finance art purchases for the wealthy. The article highlights the strength of the Egyptian art market, which exceeds 30% monthly returns, with examples of the prices of Egyptian artworks rising from $10,000 in 2010 to over $70,000 currently. It emphasizes the importance of art as an investment that touches the emotions and yields high profits.
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