Art Market Watch
HOW TO SURVIVE THE COMING ART MARKET CRASH
by Charlie Finch
The problem with buying fine art is that, unlike short selling on the regular market, you cannot really make money by betting that the value of fine art will fall in the future. Adam Davidson, of NPR's Planet Money
, pointed out the obvious in last Sunday's New York Times Magazine
: the blue chip art market has no resale possibilities, because that market is about the alpha wolf signifiers of its wealthy (and mortal) collectors, not true exchange.