Last Updated on 6/27/2007 by bidz
The Business – Global Business News Online
By : Abigail Townsend
“THE one thing you know about asset classes is that they go up and down â€“ and art is no different.” Wise words from the worldâ€™s most distinguished arts market economist â€“ and a lesson that those bidding up the price of art in Londonâ€™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.”