The fact of the matter is that at whatever level the the dealers rely on buyers. It's all very well for these guys to keep buying and "support" the prices of art but there comes a time when market forces beyond their control take over. When that happens the market seizes up and they are going to need the liquid capital to keep going or sell at a significant loss. I can't see that here's and differance between property speculation or art speculation.
The fact of the matter is that at whatever level the the dealers rely on buyers. It's all very well for these guys to keep buying and "support" the prices of art but there comes a time when market forces beyond their control take over. When that happens the market seizes up and they are going to need the liquid capital to keep going or sell at a significant loss. I can't see that here's and differance between property speculation or art speculation.
artmanack 1 year ago
What a sleaze old Magrabi is! Time to regulate the fine arts world and put an end to this endless speculation.
shaymultimedia 2 years ago
good shit
c0kar7 2 years ago
Modern art can be a load of horse shit. -No, seriously!
yammyspeed13 2 years ago
Great video Gary. 1st time I see it.
Skene63 2 years ago