Quote:
Originally Posted by japhi
I have no idea how the broad art market is doing, but don't find these types of "best of the best" items very representative. Same for cards - almost the whole basketball card market is down off ATH's substantially, as in cards that were selling for 20K, now selling for 4K .But if a rare / desirable ultra high end card came up it would smash records. There really are two hobbies, at least when it comes to cards.
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There is a fascinating two part podcast series on the art market from Freakanomics. I highly recommend giving it a listen.