2 ms·
Art
by qaq 1y ago
Art
- atonse 1y agoYeah but doesn't art and similar collectors items usually make you MORE money?
- FergusArgyll 1y agohttps://en.wikipedia.org/wiki/Efficient-market_hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis
- oinfoalgo 1y agoPeople don't talk about their losing art trades or the art they over paid for and are trying to sell in a completely illiquid market. We were in a huge fine art bubble up to covid. This decade has been a much different story. It is a boring news story though compared to a Ken Griffin balling out last decade buying his favorite paintings for incredible sums of money.
- FuriouslyAdrift 1y agoHigh dollar art is primarily used as a way to hide wealth. Most of it sits in warehouses at duty-free ports. https://www.ams-tax.com/blog/post/the-secret-world-of-art-tax-havens-how-billionaires-use-freeports-to-avoid-taxes https://www.ams-tax.com/blog/post/the-secret-world-of-art-ta...