Is Stock Market Volatility Good for the Art Market?
Is Stock Market Volatility Good for the Art Market? – Bloomberg
Edelman’s no longer so sure about a direct correlation. Despite record gains in the stock market, he says, “the last three years have been a substantially down art market in everything but the night sales at auction.” While this sentiment is debatable—some insist that the middle of the market is doing fine—his point is that night sales are a market unto themselves.