Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Indonesia’s $365bn Windfall Looking for Places to Invest

April 17, 2017 by Marion Maneker

800x-1

Bloomberg has a report of private banks vying for the newly revealed mountain of money in Indonesia. Others will surely take notice considering the report considering the list of assets the cash might be redirected toward includes some that trade like art:

an Indonesian wealth-management market made more alluring after the nine-month tax amnesty spurred individuals to reveal some $365 billion of previously undeclared assets. About $289 billion of that total is parked onshore, money that the government recently permitted to be invested in assets including gold, property and infrastructure projects.

DBS Seeks to Tap $289 Billion Opportunity in Indonesian Wealth  (Bloomberg)

More from Art Market Monitor

  • Gorky Sparks InterestGorky Sparks Interest
  • Inarticulate ArtInarticulate Art
  • Digesting New York's Impressionist and Modern SalesDigesting New York's Impressionist and Modern Sales
  • Shanghai Art Fair Does $10.4m in BusinessShanghai Art Fair Does $10.4m in Business
  • Armory/ADAA Sales ReportArmory/ADAA Sales Report
  • Hockney Drawings Popping at Auction Get Gallery ShowHockney Drawings Popping at Auction Get Gallery Show

Filed Under: Economic Trends, Emerging Markets, General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • The Billion-Dollar NYC Apartment of Ben Heller
  • How to Chant Like an Auctioneer
  • David Bowie Talks About Art (with Julian Schnabel)
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Breaking Views: Art Doesn't Hedge Inflation
  • Mapping a Career in the Art World
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor