Overpriced Art Versus Cheap Stocks |
| January 09, 2013 | January 2013 Bond Updates |
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At the November 2012 night auctions at Sotheby’s and Christie’s I started to sniff a rat. Non-trophy canvasses took a back seat at both modern and contemporary art sales. Many lots sold under low estimates, an indicator that consignees badly wanted out. More than half the lots at Sotheby’s contemporary auction sold below or at low estimates or “passed” unsold. |
| View more at: http://www.forbes.com/sites/martinsosnoff/2013/01/08/overpriced-art-vs-cheap-stocks/ |
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