As the New Year horns sound, January streaks out of the blocks. PST exhibitions at the museums continue, gallery openings abound and the art fairs jockey for calendar space.
The press is full of analysis of last year’s winners and losers in every realm. Art has been declared a winner. The Mei Moses World All Art Index (MMAI) which tracks art sales across several categories, indicates that art returned 10.2% in 2011, trouncing the S&P’s zero growth. Even Time Magazine hosts an article in their Jan 30 issue touting the amazing growth and profitability of the art market. Citing wealth diversification, emerging market participation, particularly China’s, and the bonus of social cache, investing in art is the place to be. To read more from Dorothy Goldeen’s Blog, DGAA, click here.
