Wall Street HiJacks Art

For Bruce Taub, life isn't about imitating art, it's about selling a stake in it. As the estimated 25 billion dollar art economy draws a wider range of investors, Taub's firm is readying the first two U.S. funds catering exclusively to them. Besides buying and selling art in the same way equity funds invest in stocks, the firm will provide tools for investors to gauge pieces with a more critical financial eye. Returns from art have kept pace with the Standard & Poor's 500 Index since the 1950s. This fact alone is forcing savvy investors to judge a piece of art by the value it is likely to hold in the future as well as how it will fit into their overall wealth. The fund should be able to buy art assets valued at about $150 million. For the full story - click the title Irish Art