An article penned by NASDAQ staff this week warns of increasing speculation in the current art market, and points to signs that a cool-off is on the way. “The art market has grown dramatically in the past decade. It’s great for artists and museums. But tastes change and the market changes. [Art] valuations right now are very high. We are going to see a cooling-off period,” says Dan Desmond, head of the Blue Rider Group of Morgan Stanley Wealth Management.
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