James' Newsletter from Fincul

Vienna Does Not Subsidise Opera

EUR 79 million. That is what Vienna pays the Staatsoper, every season, without negotiation.

Bank of America's Best Collateral Hangs on a Wall

When the Appraiser Is Also the Lender

The valuation is free. That should be the first clue.

USD 35 million. USD 20,000. Nothing in between.

How student debt is reshaping gallery art