Stocks are out. But art is in.
Andy Warhol’s “Shot Sage Blue Marilyn” sold in four minutes earlier this month for $195 million, an all-time high for an American work. Despite a foundering stock market, 2022 continues to be a big year for art. Why? It could be that 2021 was also a great year for art. And that, with stocks tumbling, people are moving their money into what they see as a safer, inflation-resistant asset class.
Click here.