Why it could take years to recover
Natalee Roan
June 30th, 2009This article from the Motley Fool does a great job of explaining why we're not out of the woods yet on this economy. The recent stock market rally has small investors thinking the water is is just fine, but there are sharks circling out there. Don't stop investing, but put your money in a little at a time, because even though the market has gotten ahead of itself, we're still well below the peak we reached and we will eventually see a true economic turn-around. As I've mentioned before, you won't be able to call a bottom or a top - even the pros can't - so slow and steady investing wins the race.
reports that confidence
reports that confidence levels in the contemporary art market have fallen 81 percent since May 2008 and may take between three and five years to recover.security+ certification ArtTactic provides unbiased art advice, analysis and market research for art collectors, art professionals, art funds, and art institutions.The recent ArtTactic survey includes a new “Survival Rating” of artists who respondents believe will be considered of high importance within 10 years time. German artist Gerhard Richter was at the top of the survival list followed by Jeff Koons and Cindy Sherman. Damien Hirst was lucky-- he was able to land the seventh position on the list of ten ’high importance’ artists. Others were not so lucky.The ArtTactic survey rated Jake & Dinos Chapman, David Salle, and Franz Ackermann as current high importance artists who will least likely to be considered of high importance by 2019.mcpd exams Needless to say, ArtTactic feels that when the dust over the market settles the market, as we know it, will be a very different placeArtTactic became the first company to ever develop an Art Market Confidence Indicator, an indicator of the market based on feedback that is now closely followed by individuals who follow the art market. ArtTactic’s Western Art Market Confidence Indicator dropped to 10.5 from 56,a+ questions the lowest level reached since the survey was introduced in May of 2005.ArtTactic’s findings were supported by the Royal Institution of Chartered Surveyors survey. RICS is a professional body representing art appraisers, auctioneers, and real-estate surveyors in the United Kingdom.
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