“SORRY, but we do not have a magical equation for predicting which artists will be hot next year or whether Andy Warhol’s Marilyns will outperform the S&P 500 in the next five years,” write Arturo Cifuentes and Ventura Charlin in The Worth of Art: Financial Tools for the Art Markets.
What, then, can readers hope to accomplish with the financial tools for navigating the art market that the book’s subtitle promises? For a start, objectives that are actually achievable – such as determining how the market arrives at values for different works by a given artist, and estimating returns on the artist’s overall body of work.
There is no more reliable way of predicting the short-term price...
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