Last Updated on 6/27/2007 by bidz

A fine art: warning shot fired as investors buy up modern masters

The Business – Global Business News Online
By : Abigail Townsend

“THE one thing you know about asset classes is that they go up and down – and art is no different.” Wise words from the world’s most distinguished arts market economist – and a lesson that those bidding up the price of art in London’s auction rooms would do well to remember.

In an exclusive interview with The Business, Michael Moses, co-founder of the influential Mei Moses Family of Fine Art Indices, which track returns from investing in art, conceded it was impossible to predict when prices might peak.”

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