This is the next step in making sure that all work, regardless of intent is commercailsed to the nth degree, and also the last one to say that consumer goods (paintings, sculpture, tables, chairs, toys, comics) will always be worth more then you paid for them , if you take care of them and there is enough time in the midst.
What they do, if you are insanely rich, the word right now is about 250m, is to buy art like one is buying a mutual fund--qouting from there website:
Quantitative Econometric Research and Analysis: Fernwood employs a range of quantitative techniques such as repeat sales performance, artist-specific index and cohort index to interpret various sources of publicly available data for valuation and forecasting purposes.
Market Intelligence Gathering: Through the Fernwood network of dealers and professionals in the art community as well as the regular monitoring of publicly available information, Fernwood systematically captures intelligence that informs our buying and selling strategies.
Collector Behavior Analysis: Fernwood has identified a number of discreet collecting segments that behave in disparate ways according to key variables, and is engaged in ongoing analysis of buying and selling decisions in various sectors to inform our decision making.
Economic Analysis and Forecasting: Drawing on macro-economic data and research, Fernwood analyzes the information described above in context to make predictions about future developments.
I don't really have time for this shit, but its worth a look to see what the enemy is doing. Also he writes a long peice and links to it on the front page, about why the Picasso mess was a good thing.
Fuck him with Knives People, with Knives.
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