User 127716

Sotheby's (Falling) Stock as a Market Indicator

Thanks for the reply - maybe I was a bit harsh. While I'm certainly not bullish on the art market, and some (Eli Broad) say the peak was months ago - I do think that the recent stock activity wasn't necessarily reflective of "fair market value". Perhaps overvalued before, and undervalued now (and volatility is often a sign of regime change), and do think that the recent dip was unduly influenced by unreasonable psychological factors, not true valuation. I do certainly agree, though - a year, two years from now, will be wondering how BID/the art market had so much growth.