A tiny Rembrandt drawing sold for $17.9 million

Amazing stuff!

"The amount that a tiny Rembrandt drawing sold for at Sotheby’s. “Young Lion Resting” smashed the Dutch master’s $3.7 million record for a work on paper and now ranks as one of the priciest drawings ever sold at auction. It’s the latest sign that the art market is roaring back following a yearslong slump."

The Wall Street Journal What's news

 

A Tiny Rembrandt Drawing Sells for $17.9 Million "The Dutch master’s sketch of a lion—the last still in private hands—now ranks as one of the priciest drawings ever sold at auction"

Tokenized Real World Assets Cross $20bn

Good news!

"In its review of 2025, Securitize said the tokenized real world asset market (excluding stablecoins) grew to $18.2bn by the end of  the year, compared to approximately $5.5bn  at the start. Tokenized treasuries increased from $4bn to $9bn over the same period. ..."

"... The broader tokenized real world asset market (excluding stablecoins) scaled from approximately $5.5B at the end of 2024 to $18.2B by December 2025.  ..."

Tokenized Real World Assets Cross $20bn - Markets Media "The total market value of tokenized real world assets has crossed $20bn, according to Securitize, the tokenization platform."

2025 in Review: The Year Securitize Took Tokenization Public

India's Government Urges Citizens to Claim $11B in Unclaimed Assets with Palki Sharma

Amazing stuff!

Indian Stock Markets: Leading Companies Plan IPOs to Ride Bull Run with Palki Sharma

Recommendable! Is the Indian stock market ready for take off? One day it could compete with Wall Street!

Enormously Expanded Balance Sheet Of The European Central Bank

Sometimes pictures say more than a 1,000 words.

The chart below shows the weekly total assets of the consolidated balance sheet measured in billions of Euro of the European Central Bank from its inception until June 15, 2012.

ECB Assets Almost Tripled

Since Beginning Of Financial Crisis

At the beginning of 2007, total assets of the ECB were at about Euro billion 1.200. About August of 2007, the financial crisis began to unfold.

ECB Balance Sheet Is Almost The Size

Of Germany’s Economy

Contrast this with the nominal GDP of the European Union, Germany, or France. Their nominal GDP measured in billion US dollar in 2011 was a rounded 17,600 for the entire EU, 3,600 for Germany, and 2,800 for France.

Thus, the fast expansion of the balance sheet of the European Central Bank is gigantic and whether this expansion can be reversed without inflation or other negative effects remains to be seen. The ECB is not alone, the Fed’s balance sheet has expanded in a similar way.