FYI: It’s November in New York, which means billionaires far and wide are about to fly in (or pay an advisor to fly in) to bid on art that often costs more than a hundred-thousand dollars per square inch. Some of the artworks lined up for sale at Sotheby’s and Christie’s evening sales should sell for tens of millions of dollars, if not more than a hundred.
Remember: these are paintings, mostly. Sometimes small paintings. And a “disappointing” result where one “only” sells for its low estimate could still represent an amount of money that could purchase a fleet of Ferraris or a private island.
So without further ado, let’s look at what you could buy instead of art this week, and why you might want to.
Regards,
Ted
https://www.bloomberg.com/features/2017-what-to-buy-instead-of-art/
