“Contemporary art costs real money now,” said dealer Nick Acquavella at Marion Maneker’s “Artelligence” conference, Sept. 21, 2011. “It’s not like browsing through SoHo on a Saturday afternoon with your checkbook anymore.” Indeed, the panel, speaking to some of the art world’s highest rollers in the main dining room of the New York Athletic Club, was in agreement that blue-chip modern art is a safer investment -- it’s considered a hard asset by many and the best way to hedge against inflation in a changing economy.
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