FINANCIALLY, the internet has been no friend to the music, newspaper or book businesses. But it’s doing wonders for the art world. According to a recent report by art insurers Hiscox, the value of the global online fine art market is set to more than double, from an estimated $1.57 billion in 2013 to $3.76bn by 2018.
Leading shares were surging in opening deals, with the FTSE 100 testing the 3,900 point barrier as tobacco and oil stocks advanced, while positive news from Oracle overnight aided second-line technology stocks, dealers said. At 8.59 am, the FTSE 100 index was up 67.9 points to 3,903.1, having earlier touched a high of 3,907.2.