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Insider trading and conflicts of interest are uncontrolled in this market. The major shows of works of an artist are scheduled long before they are publicly an
by lucas_membrane 7y ago
Insider trading and conflicts of interest are uncontrolled in this market. The major shows of works of an artist are scheduled long before they are publicly announced. These shows usually increase the value of works by the artists selected. The big donors to the museums that hold the shows are the kind of people who enjoy and buy art and wind up sitting on their boards. It would be bad enough if they steered the museums to schedule shows of the artists whose works they hold, but even if they do not hold any, they may have months of insider knowledge of future shows during which they can acquire some such works before the show is publicly announced and the market prices of the works rise.