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Elephant in the room: The art market went through a massive, just staggering, boom. Prices and volume went through the roof on fine art. These guys showed up
by hapless 17y ago
Elephant in the room: The art market went through a massive, just staggering, boom. Prices and volume went through the roof on fine art.
These guys showed up way too late to the party. No matter what their product was, it wasn't a good idea to launch something related to the sales of fine art just as the bloom came off the rose.
- brett1211 17y agoYour point about the art market boom and downturn is definitely true. As the article alludes to, fractional models tend to do well in downmarkets because they enable buyers to reduce risk.