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Lord Gowrie
Chairman of The Fine Art Fund
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"Art as an Alternative Asset Class"
Auction
prices for art masterpieces are climbing ever higher,
and Wall Street is definitely taking notice.
Thus,
the one-day symposium titled "Art: An Alternative Asset Class"
; held at Christie's New York
on Apr. 7, 2005. Lord Gowrie of the London-based
Fine Art Fund chaired the event and offered
insightful comments throughout. However, he set an overall tone of caveat emptor, warning
on more than one occasion that art prices can be susceptible to fashion -- which is notoriously
hard to predict. This note of caution would be reinforced by cordial disagreement among panel
members on several key issues.
The first speaker was Michael Moses, the professor at NYU's
Stern School of Business who with his colleague Jianping Mei developed the famous Mei/Moses Fine Art
Price Index.
more 
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Thomas Moran
European lake scene
Estimate: 12,000 - 18,000 US$
Sold For: 90,000 US$
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Interested in Moran? Receive email updates
when artworks by Thomas Moran are offered for
sale
in Galleries and Auction Houses worldwide.
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PRICE DATABASE
10 Top Prices in March Auction
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Hodler
$ 3,360,000 |
Giacometti
$ 640,000
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Giacometti
$ 512,000
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Giacometti
$ 400,000
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Skreber
$ 396,800 |
Scherer
$ 384,000 |
Adrien Jean
$ 381,866 |
Master of the Visconti Tarot
$ 376,912 |
Amiet
$ 352,000
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Amiet
$ 352,000 |
GALLERY NETWORK
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The
300 Most Popular Artists in March
1.
Andy Warhol
3.
Damien Hirst
4.
Pablo Picasso
2.
David Hockney
5.
Gerhard Richter
...
more
How
does your artist rank? Please contact me
at umuenker@artnet.com.
Art
Chicago, Chicago Apr 29-May 2
Art
Frankfurt, Frankfurt Apr 29-May 2
CIGE,
China May 2-5
MiArt, Milan May 5-8
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or via postal mail.
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