Monet's $65.5m Sale: Buyer's Premium
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Business & Economics
How global art auctions expose FX fees imbalance

77% Informative
iBanFirst Bank is on a mission to address the imbalance in the FX market.
Vivek Savani , UK Country Manager, says FX fees add 3%-4% to the transaction.
Art Basel and UBS Global Art Market Report 2025 by Arts Economics is a good starting point.
US and UK lead the way with 43% and 18% of global sales by value.
iBanFirst is a serious competitor to the traditional bank offering for SMBs .
Its core banking platform offers fast and secure multicurrency transactions.
It wins on cost versus banks, thanks to no setup fee, no tiered monthly subscription costs and no transfer fees.
iBan first USP is a combination of technology mixed with the human touch.
iBanFirst could argue it's not a specialised tool for SMBs because it tries to cater to vastly different audiences.
Ebury offers forward contracts and other FX hedging tools and offers mass payment capabilities.
VR Score
77
Informative language
75
Neutral language
65
Article tone
informal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
1
Source diversity
1
Affiliate links
no affiliate links