«GOOD BUSINESS IS THE BEST ART»

In 2008, the value of the art market decreased 4.5 percent, while Standard & Poor's 500 index went down 37 percent. Like the market for gold and other precious metals, the art market has shown itself to be steadier than the stock market.This has attracted new investors into the art market, lured by lower estimates at auction houses and deeply discounted prices at galleries, as both auction houses and galleries struggle to hook collectors.

Pittsburgh Live
May 31 2009