Salient to Investors:

  • Art speculators’ whims often transform art into a terrible investment. Even beautiful art can be a fundamentally fickle asset.
  • Adam Lindemann cites more speculative buying than ever since the financial crisis, but says people avoid artists whose price goes down.
  • In the contemporary art world there is a perception the market is unstoppable.
  • Thea Westreich said sooner or later, the art world comes to its senses and things sort themselves out.
  • Countless collectors and speculators have bought work by young, in-demand artists only to see their investment disappear in a matter of months.

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