speaking of bubbles......what about art?

i´m no expert in art but whenever i read that some kind of comparable assets like in this case Warhol works/paintings/pictures triples it is worth taking a closer look......

and when you look at the chart that only shows the rise to the june 30th of 2006 and take the massive spike in 2007 into account......


ich bin mit sicherheit überhaupt kein experte in sachen kunst, aber wenn ich lese das preise für eine vergleichbare anlageklasse wie in diesem fall von andy warhol sich auf jahressicht mehr als verdreifachen kann ein genauerer blick nicht schaden......

und wenn man jetzt noch berücksichtigt das der chart nur die entwicklung bis zum 30.06.2006 widerspiegelt und die preisexplosion in 07 damit noch noch nicht erfasst hat....


A painting by Andy Warhol sold at auction for $US71.7 million, setting a new record for the artist's works. The 1963 work, Green Car Crash (Green Burning Car I), is a surreal and gruesome image of an overturned car on fire, with the body of the driver impaled on a nearby post.

The painting, which had been in the same collection for the past 30 years, easily beat the record for Warhol's works — set last year in New York when his iconic Mao sold to a Hong Kong billionaire for $US17.4 million.


Hedge-Fund Manager Cohen Buys Warhol Marilyn Picture

May 25 (Bloomberg) -- Hedge-fund manager Steven Cohen bought an Andy Warhol image of Marilyn Monroe, ``Turquoise Marilyn,'' in a private transaction, Jonathan Gasthalter, a spokesman for Cohen, said in a telephone interview.

Cohen, of SAC Capital Advisors LLC, was the hedge-fund industry's fifth-biggest moneymaker with earnings of $900 million in 2006, according to Institutional Investor's Alpha magazine. An active buyer of contemporary art, his holdings range from a Francis Bacon screaming pope to Damien Hirst's pickled shark.

The collector paid an estimated $80 million for Warhol's 40- inch-square Marilyn picture, acquired from Chicago collector Stefan Edlis, the New York Times reported earlier. Gasthalter wouldn't confirm the details.


Warhol, who died in 1987, produced images of U.S. culture in a so-called factory in New York, and is the second most actively traded artist, after Pablo Picasso.

The most expensive Marilyn image ever sold at auction fetched $28 million at Christie's International in New York last week. It was called ``Lemon Marilyn'' because of the background color

>can´t wait for the first from wall street to argue that stocks vs art are undervalued .... :-)

>kann es kaum erwarten bis die ersten analysten aktien als im vergleich zu kunst als unterbewertet einstufen....... :-)