Daniel Hassett

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Thu Dec 20th 18:27 PM | Rating: 0 0
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Sotheby's (Falling) Stock as a Market Indicator

A few very important points to consider about the high-end art market in the states:
1. Dollar is cheap and US art is cheap for foreign buyers.
2. The super rich are getting richer. Many of the super rich work in the financial markets and maybe they will have a softer year next year, but that's only part of it. There are for more international multi millionaires today than there were 5 years ago and they are the one's that are very active in the market.
3. Art is a great medium to queitly transfer and launder money
4. Sotheby's has increased its commission fees from 20% to 25%
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Thu Dec 20th 18:27 PM | Rating: 0 0
Commented on:
Sotheby's (Falling) Stock as a Market Indicator

A few very important points to consider about the high-end art market in the states:
1. Dollar is cheap and US art is cheap for foreign buyers.
2. The super rich are getting richer. Many of the super rich work in the financial markets and maybe they will have a softer year next year, but that's only part of it. There are for more international multi millionaires today than there were 5 years ago and they are the one's that are very active in the market.
3. Art is a great medium to queitly transfer and launder money
4. Sotheby's has increased its commission fees from 20% to 25%
View article »

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