Friday

Art Market Bullish

Bloomberg reports that art collectors are becoming more bullish as prices rise. Buyers were twenty-five percent more confident in November than in May. ArtTactic Market Confidence indicator also shows that about eighty-four percent of 150 collectors and dealers surveyed expected prices to stay strong for the next six months. The survey attempts to show how the art world resembles the stock market, where successful initial public offerings can boost optimism. Irish Art