New Post (29 ) : The Walmart’ization of Art
The US just ran a print run of USD600Bn.
And where is that money ending up ?
Keep an eye on the prices of gold, silver, diamonds, precious stones and hold your breath---ART.
Sotheby’s and Christies have never had it so good.
With all of the usual asset classes having a long shadow of doubt and gloom cast on them investors with loads of free money courtesy the Fed are turning to art as never before.
So much for a planned recovery.
How long this Walmart’ization of art is here to stay remains to be seen though.
Charlie Brown
