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More Income Inequality? That's Great For The Art Market!
"The art market, in other words, is a proxy for the fate of the superrich themselves. Investors who believe that incomes and wealth will return to a more equitable state should ignore art and put their money into investments that grow alongside the overall economy, like telecoms and steel. For those who believe that the very, very rich will continue to grow at a pace that outstrips the rest of us, it seems like there's no better investment than art." The New York Times 06/01/12
Posted June 3, 2012 08:12 AM
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