When compared to more traditional investment options, the contemporary art market is highly inefficient – but this hasn’t dampened the enthusiasm of buyers and investors.
The contemporary art market has left its critics standing. Many presumed that it would be one of the crisis’ first victims as collectors tightened their purse strings and investors redirected their [...]
:: Friday, March 19, 2010
When the economy is in a slump, for the vast majority of the population, discretionary income is often cut, leaving people to spend for necessities rather than luxuries. Save an elite few, art is generally considered a luxury or perhaps an investment rather than a daily need. But for those who make their living [...]
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