And for our next big bubble: Art Stock Exchange

If you’ve been watching the art auctions lately you’ve probably noted that Sothebys and Christies are setting records left and right. Giacometti’s $104.3 Million auction record set in February stood for a few months before Picasso’s “Nude, Green Leaves and Bust” broke it with a $106.5 Million winning bid (including fees). And all of this in the worst economy in decades. What gives? Perhaps investor’s, tired of the volatility in the stock market, are looking for something a little more tangible where they can park their million$.

It was, perhaps, inevitable then that someone would try to commoditize the art market. Enter Art Exchange, a French market where investors can buy and trade shares of works valued at over 100,000 Euros.

Click on the source link to learn more, and then get ready to invest all that money left over from your investments in Lehman Brothers, GM, and Enron.

Source: theartnewspaper.com

Starving to Successful

StSBookSHave you always wondered what it takes to show your work in galleries? Is your work being seen by qualified collectors?

In his Amazon.com best-selling book, Xanadu Gallery owner Jason Horejs shares insights gained over a life-time in the art business.

Learn more and order today.

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About the Author: Jason Horejs

Jason Horejs is the Owner of Xanadu Gallery, author of Dad was an Artist | A Survivor's Story and best selling books "Starving" to Successful & How to Sell Art , publisher of reddotblog.com, and founder of ARTsala. Jason has helped thousands of artists prepare themselves to more effectively market their work, build relationships with galleries and collectors, and turn their artistic passion into a viable business. Connect with Jason on Facebook

1 Comment

  1. It’s great to see art commanding such interest among investors, and I certainly wouldn’t balk at someone investing that much money in my work, but I still prefer the idea that someone is using my work in their home. I think art belongs in our daily lives, and hope that maybe someday we’ll reach a common middle ground where people can look at and live with art all around them AND artists can earn their living solely from their work! I’ve enjoyed viewing your gallery online. Some great work, and it’s nice to see a gallery so involved with their artists.

    Mark Nesmith
    http://paintdailytexas.blogspot.com

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