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Merkin-Rothko Watch: Update.

… Art dealers should rejoice at the perfect storm on the horizon: cash-rich collectors desperate to invest devalued currency into artworks by the dead and aged, coming face-to-face with a slew of soon-to-be indicted moneybaggers, forced by either the law or necessity to sell their art collections. Like bookies in Vegas, these dealers need only match up both sides of the client equation and collect the vigorish.

What this means for the art market is simple: a steep drop in prices for the work of younger blue chip artists awash in inventory both present and future, and an expanding universe of price appreciation for the limited set of artworks created by those gone by…

Margaret Soltan, April 8, 2009 10:02AM
Posted in: it's art, merkins

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