Is there a bubble in the art market?

http://money.cnn.com/2013/11/15/investing/art-market-boom/index.html

This article from CNNMoney discusses the current art market bubble. Recently, there had been a record-setting boom in the art market. While some art experts argue that this new trend might be a rising bubble, it is most likely that many rich buyers are simply putting their feet in to have some art in their ‘portfolios’. However, no one can argue that the prices will continue rising due to the growing demand from overseas collectors and high-net worth individuals. Therefore, this is a prime example that shows the relationship between high demand and increasing price.

2 Comments »

  1. Brian Said,

    November 25, 2013 @ 12:41 am

    There is definitely a bubble in the art market. The price of art is rising and rising with even less famous artists starting to command high prices. The new money wealthy individuals in China are also starting to enter the art market and their money is helping to drive prices up significantly

  2. parkerl Said,

    December 3, 2013 @ 9:00 pm

    China’s “nouveau riche” has contributed heavily to this emerging bubble in the art market. Eager to acquire luxury items to prove their status, many wealthy Chinese are willing to pay top dollar for various high end goods such as prized paintings and exotic cars.

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