The key element in this supply-driven market is confidence, says art economist Clare McAndrew. “If markets are shaky overall, then owners may hold off selling, so this impacts on results.” She also points out that the art market is not one market, but a series of sub-markets that may perform very differently: contemporary art has been the most linked to stock markets, but more traditional sectors have seen less correlation.

Rachel Campbell, assistant professor of finance at…

One of the Beautiful Saying of Lord Buddha

Once Buddha was traveling with a few of his followers. While they were passing a lake, Buddha told one of his disciples, "I am thirsty. Do get me some water from the lake."



The disciple walked up to the lake. At that moment, a bullock cart started crossing through the lake. As a result, the water…

Wealthy collectors at Art Basel, the world's top fair for modern and contemporary art, had to dig deep into their pockets this week to get hold of high-quality works, amid signs the market was returning to pre-crisis peaks.

In times of low interest rates, many investors seek to diversify their portfolios, and masterpieces by 20th century artists like Picasso and Miro, or contemporary stars such as Anish Kapoor or Antony Gormley, are in high…