Auctions like this can lead to false expectations ...

2007-05-20T02:46:00.000-07:00

Auctions like this can lead to false expectations among artists and collectors.
“The truth of the matter is, 99.9 percent of all contemporary art will never be worth more than what you paid for it,” says Barney Ebsworth, one of the nation’s top collectors, ... “It’s always nice to talk about the winners, and there are big winners. But there are far more losers than there are winners.”
That was from a recent blog post in the Wall Street Journal: http://blogs.wsj.com/wealth/2007/05/16/art-prices-run-amok/

Comments on Soliloquy: Christie's Auction

Auctions like this can lead to false expectations ...