Posts Tagged ‘art’

11
January 2011

Can’t Afford a Picasso? How About a Piece of One?

New York Times – DealBook

Art aficionados have long held themselves to be in a more elite class than Wall Street speculators.

Now, their worlds are colliding as a new crop of financial firms move to sell shares in pools of paintings — and some fear the results may resemble the chaotic splashed canvases of Jackson Pollock.

The two make for an odd combination. While many investors favor transparency and asset gathering, art dealers generally like secrecy and exclusive holdings.

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