Art Arbs and Market Sense
The WSJ's take on tangible assets; Apollo Magazine wants the art market to "come to its senses;" South Florida's Aventura mall drives interest with art; Kenny Schachter's Art Arbitrageurs.
Tangible Assets Outperformed Financial Markets in 2018
You might have missed this Wall Street Journal article on tangible asset gains in 2018. The story cites a range of sources to contrast returns in tangible assets like art (10.6%), wine (10.2%), and large and colored diamonds (0.4%) with now-cursed public market investments in the S&P 500 (down 5.1% b…