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Well, it looks like the art bubble has gone kaput, at least according to
this Bloomberg report
that begins by detailing the hoped-for only-80 percent haircut expected by
one Niels Kantor on a $100,000 abstract canvas by Hugh Scott-Douglas shown
below.
 
Kantor opines: “I feel like it can go to zero.” Well put.
Tulips anyone?
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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