Super funds join scramble for art

Article Abstract:

The Australian art market, fueled by rising values and the country's booming economy, is attracting new investors, notably the previously closed sector of private superannuation funds. Self-managed superannuation funds have the legal right to purchase and own art works. Ian Flanagan of art auction house Gregson Flanagan says his July 27, 1999, auction has a catalogue value of $2.5 million. The auctioned art, including Robert Dickerson's :The Acting Director," is on promotional tour until the auction.

Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Pension Fund Investment Strategy, Management, Economic aspects, Investments, Practice, Advertising, Pension funds, Art, Art industry, Art industries and trade, Investment plans, The Acting Director (Painting), Flanagan, Ian, Gregson Flanagan

---

World gold heavies set new rules

Article Abstract:

The world gold market is being controlled by central banks, which are increasing the value of their assets through supply and demand management. Short-sellers and the long-term future of the gold market are at risk. The central banks have a gold hoard estimated at 32,000 tons. The European Central Bank is limiting future gold sales to 400 tons a year. On September 22, 1999, gold dropped to $255, a 17-year low.

Europe, Primary nonferrous metals, not elsewhere classified, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), World, Gold, Prices and rates, Forecasts and trends, Supply and demand, Economic policy, Gold industry, Central banks, International economic relations, Precious metal products, Mackay-Coghill, Don

---

Where to for Wesfarmers?

Article Abstract:

Wesfarmers had its share price decrease from $16.65 Australian in Feb 1999 to $11.50 Australian in Oct 1999. The company did not distinguish between operating and abnormal profits which caused stockbrokers, who felt betrayed by this behavior from a very reputable company, to sell the stock in large amounts.

Diversified Companies, Conglomerate corporations, Company Profile, Wesfarmers Ltd.

Similar abstracts:

• Abstracts: Celebrities join efforts to persuade people to read more books. KPMG Peat Marwick is using a brand capmpaign to set itself apart from the accounting herd
• Abstracts: Miller and Visa join the ranks of edgy marketers that like to re-examine their agency roster. Mastercard joins the growing crowd that believes what sells here will sell there, too
• Abstracts: For better or for worse. Sea to shining sea
• Abstracts: How a chip makes a greeting card burst into (fuzzy) song. Beyond the Palm Pilot: new brands and features for P.D.A.'s
• Abstracts: Dust that may have eyes and ears. Crowding transistors onto a chip. Vivid colors in the palm of your hand

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.