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Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
Late last year, a Klimt sold for the highest price ever paid for modern art at auction.
An outlier sure, but it wasn't a fluke. U.S. auction sales grew 23.1% in 2025. The $1-5mm segment even grew 40.8% YoY.
Meanwhile, Apollo’s chief economist Torsten Slok said to expect ‘zero in return in the S&P 500 over the coming decade.’
Each environment is unique, but after dot-com, post war and contemporary art grew about 24% annually for a decade. After 2008, about 11% for 12 years.
It’s also had near-zero correlation with the S&P 500 since ‘95.*
Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso.
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Shares can sell quickly, but my subscribers can skip the waitlist:
*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.
Good morning, Edmonton and all the sister towns!
Sunday arrived with some cloud cover and a bit of thunder waiting in the wings this afternoon, which honestly feels just about right for a week like this one. Alberta's referendum conversation got louder and messier overnight, your Edmonton cops have been quietly saving people's entire life savings from scammers, and if you drive through the southwest, you already know that road situation is no joke. Grab your coffee. Let's get into it.💛
Alberta's Referendum War Just Got a Whole Lot Louder
New voices piled in Saturday from every corner of the country and it is moving fast.
Treaty 8 Grand Chief Trevor Mercredi is writing to PM Carney to challenge whether the referendum question complies with federal law.
Jason Kenney and Monte Solberg launched "Vote to Stay." Doug Ford called it a play to protect Smith's base. Business groups are warning of an investment chill.
What are your neighbours saying?
Follow-up to Issues 79 and 80.
🕵️ Edmonton Cops Just Saved $45 Million From Scammers Worldwide
EPS has been quietly teaming up with ethical hackers who get inside scam centres in real time since July 2025.
Scam baiters share victim details with officers so police can race to intercept money before it is gone. Over 300 victims protected. Total saved: $45 million.
An Arizona man was stopped with 8 minutes to spare before handing over his last $20,000. An Ontario grandmother was pulled back from giving away $800,000.
Know a senior who needs to hear this? Send it their way.
Southwest Edmonton Is One Big Traffic Nightmare Right Now
If you drive through Windermere or Terwillegar, you already know exactly what this headline means.
More than 200 active city projects are running at the same time. What used to be a 30 minute drive is now routinely two hours for southwest commuters.
The City's total infrastructure budget this cycle is $7 billion. There is no quick end in sight.
What is the worst detour you have hit so far this season?
Going for a US Green Card? You Will Have to Leave First
The Trump administration dropped a major rule change Friday that directly affects Albertans with ties south of the border.
Most immigrants already in the US, including students, tourists, and temporary workers, can no longer complete their green card application without leaving the country first.
Anyone seeking permanent residency through a US citizen sponsor must now return home and apply through an American consulate.
Know someone this affects? Pass this one along.
A Gunman Opened Fire Outside the White House Saturday
For the third time in a single month, there was a shooting near the US president.
A 21 year old man fired multiple rounds at a Secret Service checkpoint at 17th and Pennsylvania Avenue. Secret Service returned fire. He died at hospital. One bystander was wounded.
President Trump was inside. Officials said the suspect had prior contact with both police and Secret Service and may have had mental health issues.
Three times in one month. What do you make of the security situation in Washington?
YOUR TURN 💌
The conversation keeps going over on Facebook after each issue drops. Come tell us where you stand on today's stories. All perspectives welcome. It can get lonely out here, so hearing from you would really help know that you’re out there… So let me know you’re out there. I’ll respond to every comment, I promise.
Find us on Facebook: The Urban Brief Edmonton and Surrounding Areas
Edmonton local Weather
Day ⬆1° higher than historical avg., Night ⬆3° higher than historical avg.
🌤️ Edmonton Weather - Sunday May 24th
Sunday is looking unsettled across Edmonton and surrounding areas, with a cloudy start around 12°C this morning and thunderstorms likely by afternoon, pushing the high to 19°C with a 40 percent chance of rain. Keep a jacket handy and check the sky before any outdoor plans.
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📅 Events Happening This Week in Edmonton
May 24
🌸 Northern Bricks Expo 🎟️ Details
🗓 May 24 · ⏰ Daytime · 📍 Edmonton area
A LEGO expo with builds, vendors, and activities.
🌸 Petting Zoo Fun at Callingwood 🎟️ Details
🗓 May 24 · ⏰ 1:00 PM–4:00 PM · 📍 Marketplace at Callingwood, Edmonton
A free family activity with animals, face painting, and bouncy castles.
🌸 Blindman’s Dream Waves Tie-Dye Patio Party 🎟️ Details
🗓 May 24 · ⏰ 2:00 PM–4:00 PM · 📍 The Sherlock Holmes Pub Downtown, Edmonton
A patio event with tie-dye and beer.
Farmers’ markets
🌸 Bountiful Farmers’ Market 🎟️ Details
🗓 May 24 · ⏰ Fri–Sun · 📍 3696 97 Street NW, Edmonton
Open throughout the full weekend.
`🌸 Downtown Farmers’ Market 🎟️ Details
🗓 May 24 · ⏰ Saturday hours · 📍 104 Street, Edmonton
Downtown market promotion indicates the market is back for the season
May 25
🌸 Beverly Towne Farmers’ Market 🎟️ Details
🗓 May 25 · ⏰ 3:00 PM–7:00 PM · 📍 Riverview Crossing Shopping Centre, Edmonton
A Tuesday east Edmonton farmers’ market.
🌸 Bountiful Farmers’ Market 🎟️ Details
🗓 May 25 · ⏰ 10:00 AM–4:00 PM · 📍 3696 97 Street NW, Edmonton
A year-round market open Tuesday.
🌸 Orchards Farmers’ Market 🎟️ Details
🗓 May 25 · ⏰ 3:30 PM–7:30 PM · 📍 4059 Orchards Drive SW, Edmonton
A bi-weekly Monday market starting May 25 for the season.
May 26
🌸 Bountiful Farmers’ Market 🎟️ Details
🗓 May 26 · ⏰ 10:00 AM–4:00 PM · 📍 3696 97 Street NW, Edmonton
A year-round market open Monday?
Actually, the city listing says Friday, Saturday, and Sunday only, so it is not open May 26.
🌸 Beaumont Days 🎟️ Details
🗓 May 25–26 · ⏰ Daytime and evening programming · 📍 Beaumont
A community celebration in Beaumont with weekend programming.
🌸 Edmonton Events Calendar listings 🎟️ Details
🗓 May 25–26 · ⏰ Varies · 📍 Edmonton
The city calendar continues to show live music, workshops, and community programming across the city.
🌸 City of Edmonton Festivals and Events 🎟️ Details
🗓 May 25–26 · ⏰ Varies · 📍 Edmonton
The city’s official calendar remains the best source for currently scheduled events.
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BET YOU DID NOT KNOW 🤔
Edmonton is home to arguably the greatest sports dynasty in Canadian history, and most people have never heard of them.
The Edmonton Commercial Grads women's basketball team played from 1915 to 1940 and went 502 wins and just 20 losses. They held the world title for 17 consecutive years and basketball inventor James Naismith himself called them the greatest team he had ever seen. Men's or women's. Any era.
They called Edmonton home. We just forgot to brag about it.
Did you already know about the Grads? Hit reply and tell us where you first heard about them.