Uli Sigg from MOMA on the Subprime loan crisis and art!
OK.. We know..we're beginning to sound like a
stupid broken record..
- The US Economy is going down the dumps..
- Real Estate Assets are crashing world wide..
- The U.S. Dollar is at an all time low
- Oil & Gas prices are at a record high
- but the last round of Art Auction prices held up pretty damn well, and
- NYC Galleries are still
ringing the cash registeroff to the sales races again this Fall...every mediocreshow we've see is totally sold-out!
(Photo by Andy Warhol, Pink Car Crash)
Here's a Video Report on Bloomberg news today.. Click Here.. then hit the orange TV Icon on the right side of the screen to view the Media on Demand Video!!
Here's the news intro to the Video...
Oct. 3 (Bloomberg) -- Uli Sigg, a member of the International Council of
the Museum of Modern Art in New York and the International Advisory Council of
the Tate Gallery in London, talks with Bloomberg's Catherine Yang from
Singapore about the impact of the U.S. subprime loan crisis on art investment,
the outlook for China's contemporary art market and galleries. (Source: