How good is the art market as a port in this financial storm?

Tony Fomison's The Fugitive fetched $1.8 million at auction, twice its price estimate. (Image: Webb's)

Sat, 29 Oct 2022

Share markets are down, bond markets are down, property prices are down, consumer and business sentiment are down, and the New Zealand dollar is down. The only things that aren’t down are prices, seemingly of everything, and interest rates. But in spite of all this turmoil in financial markets, there's one asset class that has stayed remarkably resilient. In fact, record prices have been achieved this year for some of the standouts in it. This asset class was even given special treatment in the recommendations from th...

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