A Leading Economic Indicator (Part II)

According to this article, the Sotheby’s auction that I noted a few days ago concluded with very mixed results. The most expensive pieces flopped, but other pieces sold for decent prices. The Chagall piece that some were looking to as a barometer — item 4 in this slideshow — sold for $2,882,500, toward the top end of the $2 million to $3 million that some observers were forecasting. The seller had purchased it in 2005, for $1,136,000. A more than 100 percent profit in four years — not bad!

1 thought on “A Leading Economic Indicator (Part II)

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