Saturday, November 29, 2014 9:30:41 AM
Read the whole article.. it's a great time to be investing in ART and selling ART..
"The lofty sums stunned even longtime art market watchers. “It’s phenomenal,” said Michael Moses, a founder of the Mei Moses Fine Art Index, a widely followed measure of art prices, and a retired professor at the New York University Stern School of Business. “At the Christie’s postmodern and contemporary sale, the average compound return was 20 percent annualized. That’s amazing.”"
"For better or worse, fine art is now firmly planted alongside equities, bonds, commodities and real estate as an asset class. Financial terms like “compounded rates of return” have elbowed their way into the traditional vocabulary of connoisseurship even as art’s old guard has trouble with the word “sell.” (“Deacquisition” is preferred.)"
Don't let the shorts tell you the 100 million in Art assets means nothing.. WHAM has built a solid foundation around the hottest sector.. fine ART.
Link below
http://www.nytimes.com/2014/11/29/business/with-art-investing-in-genius.html?_r=0
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