As some hedge fund traders are labeling the stimulus-dependent stock market a “bubble,” could another bubble be forming in the fine art market? “Best year ever” in art In 2013 the art market had its best year ever, with indexes measuring art prices up nearly 15%. “2013 was indeed the best year ever recorded in [art] auction history,” said Thierry Ehrmann, founder and CEO of Artprice.com. “This splendid year was shored up by a globalised demand, particularly with buyers from Asia, the Middle East and Russia, who played a crucial role in the market’s fine performance, and displayed a voracious…
Is A Bubble Forming In The Art Market?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.