User 127716's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/127716/comments http://seekingalpha.com/article/56153/comments?source=feed#comment-104834 104834 Mon, 10 Dec 2007 22:02:59 -0500 http://seekingalpha.com/article/56153/comments?source=feed#comment-104070 104070
S's, being the only publicly traded art business, is taken as a proxy for the whole art market (which is susceptible to wide emotional swings as to concerns about its "health"). This makes for a volatile stock.

Let me tell you about the very rich. They are different from you and me. You need a LOT of money to buy a $20M picture (i.e. a couple hundred...), and chances are the noise that is financial news won't affect the resources of those who command that sort of wealth. The picture might go for only $15M, but the funds are still there.]]> Tue, 04 Dec 2007 20:21:01 -0500
S's, being the only publicly traded art business, is taken as a proxy for the whole art market (which is susceptible to wide emotional swings as to concerns about its "health"). This makes for a volatile stock.

Let me tell you about the very rich. They are different from you and me. You need a LOT of money to buy a $20M picture (i.e. a couple hundred...), and chances are the noise that is financial news won't affect the resources of those who command that sort of wealth. The picture might go for only $15M, but the funds are still there.]]>