The customised Gibson guitars now on display in The Dubai Mall’s Waterfall Atrium will be sold by silent auction later this month. The guitars, designed and commissioned to celebrate the 120th anniversary of Gibson, a global leader in music and sound were launched in Hard Rock Cafe last month.
Artists were given the theme of the International Day of Peace and as such, all proceeds from the silent auction will go towards the Peace One Day Foundation as well as a local charity.
All the art guitars as well as one 120th anniversary Les Paul Custom signed by legendary musician Lenny Kravitz will be on auctioned on October 22nd from 4pm to 7pm at Hard Rock Cafe.
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Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
