Art Flipping Moving More Towards Established Artists, Bloomberg Reports

June 3rd, 2015

Established artists and classic masterworks are increasingly finding themselves in the crosshairs of eager art flippers, Bloomberg reports, pointing in particular to a Francis Picabia that saw a massive 220% gain in price in less than six months.  “Because art is seen as an asset class, the more rapid turnover is considered encouraging. There’s a whole new generation of collectors who are playing the art market,” says Frances Beatty, VP at Richard L. Feigen & Co.

Read more at Bloomberg