Aglaia Magazine

Ornela Ramasauskaite CEO of the "artXchange Global"         In the vanguard of 2024's art investment landscape, we witness a narrative as intricate and riveting as the artworks that fuel its momentum. Despite facing global economic uncertainties, the art market has demonstrated remarkable resilience. This stability is not merely a reflection of the market's robustness but also indicates a growing recognition of art as a viable investment class. The data of Art Basel and UBS, Deloitte and ArtTactic reveal that, contrasting with the volatility in traditional investment markets, the art market has shown a consistent upward trajectory. Especially notable is the performance of fine art: this period saw a nominal increase of 4.2% in fine art returns, while the S&P 500 experienced a 6.6% decline, highlighting art's potential as a hedge against economic volatility.          The global art auction scene in 2023 was a remarkable testament to the ar...

We are delighted to announce a significant milestone for the Aglaia Foundation as we proudly introduce our inaugural partner in Prague, Art Lines.  At Aglaia Foundation, our commitment to fostering collaboration is at the forefront of our mission, driving us to cultivate robust partnerships with both public and private institutions. Our overarching goal is to enrich societal life by promoting the creation and cultural circulation of art, all while bridging the artistic divide. In alignment with like-minded organizations, we strive to fortify the cultural landscape on both national and international scales. Art Lines and Aglaia Foundation agrees on collaboration. Art Lines is an esteemed collaborator that shares our vision. Together, we embark on a journey with our clients through the vibrant world of art, enhancing the living spaces of individuals, their loved ones, and colleagues. Art Lines advocates for our clients' interests in interactions with gallerists, collectors, and artis...