Art as Investment: The Mei Moses® Fine Art Index
I’m often asked about my opinion of art as investment. My opinion, whatever it is, is presumably clouded by my love for Picasso. Better to direct such inquiries to the Mei Moses® Fine Art Index (artasanasset.com), a statistical database and analysis compiled by two NYU economists. Quite sensibly, they limit their statistics only to auctioned works (so that the facts of the sale are in the public domain and known beyond any doubt) and further limit their stats to those works that have sold at auction more than once. That is, they compare only the prices achieved at auction for two or more sales of the same artwork. The advantage is immediately evident: they’re comparing only like commodities. More than […]
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