Stocks and Art

As we all know the stock market is experiencing its worst decline in 50 years and unfortunately there is no end in site. GM and the car industry are in a downward spiral and some other major industries will follow soon. So what does this do for the art market? It is a huge boon to the middle - high end part of the industry because its the only place you may be able to make a return on your investment. Now is a great time to buy good assets and build your collection before the next upswing. Look for known artists with a track record or emerging artists you think have a chance of creating a name for themselves over the next few years. At the rate we are going the market is going to hit bottom real soon so now is the time to act. I think it will take about a year for us to work through all of our issues but once we do we will see steady small growth over the next few years as new inventions come online or new ideas on how to create wealth become reality.