Take aways from new market data:
* Billionaires getting macho pushes top end;
* Museums try to keep up, and fail unless they have their own angel;
* What China has driving it's market is a newly affluent middle class;
* The American middle class faces retiring babyboomers and skyrocketing Obama care premiums as nobody addressed the malpractice scourge as the underlying cause.
Paris (AFP) - The fine art market is going through such a boom that it is only a matter of time before a painting sells for $1 billion (818 million euros), according to a new report seen by AFP Wednesday.
Driven by the record sale of Leonardo da Vinci's "Salvator Mundi" to a Saudi prince for $450 million ($550 million) in November, the market is rising in a way not seen for three decades, the authoritative Artprice index said.
To Read More on Yahoo:
https://www.yahoo.com/news/1bn-painting-only-matter-time-art-prices-surge-143635103.html
You may also like to read:
* Last da Vinci, may be not, another could be Hiding in Plain Sight
* Christie's American Sale, Photos and Prices Achieved
* Salvator Mundi - $400m Plus Commissions
* Tidbits - $1689.00 Every Day
