Friday, August 17, 2007
The Next Logical Step (after the auction houses)
This is very interesting-from The Gaurdian Arts Blog. The news that investors are seeking to speculate on the art market following the creation of a new art hedge fund, betting on an art movement or an individual artist's rise in value without actually buying a painting, certainly appears to be an ominous idea. What exactly would it be they are planning to speculate on? Would Tracey Emin's stock go up if she announced she was pregnant, her art being so inextricably linked to that predicament? Would Grayson Perry's go down if he gave up drag?