No End in sight for soaring art market

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	No End in sight for soaring art market

pokkets

12-25-2007 7:40 PM

388 views

pokkets says:

What do you do when you know cash is going to take a dive. You buy hard assets. Gold,Property, a spread of stable currencies, and Art.
Then when the dive comes, you can buy bank books for 5c in the dollar.
The US economy is likely to crash, and the Republicans who 'control' the money will try to use the democrats as scapegoats. The designers of the crash, are waiting to use it to their full advantage.
Shame they can't take it with them.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bab35c6e-9363-4b3d-8200-d52ace7d9112/6A796521-5269-4972-81CB-2449D728218F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.mail.com/Article.aspx?articlepath=APNews\Top%20Headlines\20071226\Art_Boom_20071226.xml&cat=topheadlines&subcat=&pageid=1" href="http://www.mail.com/Article.aspx?articlepath=APNews\Top%20Headlines\20071226\Art_Boom_20071226.xml&cat=topheadlines&subcat=&pageid=1" style="font-size: 11px;">www.mail.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mail.com/Article.aspx?articlepath=APNews\Top%20Headlines\20071226\Art_Boom_20071226.xml&cat=topheadlines&subcat=&pageid=1"><DIV class="author">By ULA ILNYTZKY    </DIV><A href="javascript:alert('This link contains javascript. Please visit the clip source to follow this link.');" target="_self"><IMG width="180" height="119" border="0" align="left" src="http://www.vimg.net/darwin/cms/images/APNews/Top Headlines/20071226/Art Boom_20071226_f929c333-d3d9-42e5-9f2a-f2f639028e81_180x210.jpg" class="thumbnail3" /></A><P>Art is hot. Despite turmoil in the financial markets, there are no signs that the art market is softening. The fall auction season in New York saw robust prices across most categories, with postwar and contemporary works in particular going through the roof. It seemed like a new record was being shattered every time an art auction was held.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mail.com/Article.aspx?articlepath=APNews\Top%20Headlines\20071226\Art_Boom_20071226.xml&cat=topheadlines&subcat=&pageid=1">The reason for the art market's strong showing? The weak dollar, expanding world wealth and</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mail.com/Article.aspx?articlepath=APNews\Top%20Headlines\20071226\Art_Boom_20071226.xml&cat=topheadlines&subcat=&pageid=1">new buyers from countries not previously associated with the art collecting community, experts say. Over the last five years, wealthy buyers from Russia, China, India and the Middle East have greatly helped fuel the art market.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mail.com/Article.aspx?articlepath=APNews\Top%20Headlines\20071226\Art_Boom_20071226.xml&cat=topheadlines&subcat=&pageid=1">buyers paid astronomical amounts for art</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6A796521-5269-4972-81CB-2449D728218F/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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