Posted November 19, 2018 at 9:08 pm
The contemporary art market is going nuts. This painting by David Hockney just sold for $90.3 million — which is really over $100 million when you include the hefty buyer’s premium which added another $11 million or so. This was the highest price ever paid for a painting by a living artist. [As reported by […]
Posted March 5, 2018 at 6:49 pm
During my lifetime there have been two big mass, collecting manias. One was the surge of interest in baseball card collecting which is well chronicled in Dave Jamieson’s Mint Condition: How Baseball Cards Became an American Obsession. Small pieces of cardboard were traded like stocks. While the boom has long since passed there are still rare baseball cards […]
Posted October 21, 2017 at 5:48 am
Arbitrage is basically a process of buying an asset in one market and simultaneously selling it in another market at a higher price. When done right, you end up pocketing a risk-free return. And, although the “simultaneously” part doesn’t really apply to what I’m about to share, the “selling it in another market at a […]
