Election season is a great time to buy art

NEW YORK POST | Richard Morgan:

Here’s an art history lesson: Selling a Picasso during a presidential election can be a bad business plan. Art prices have fallen in three of the past four presidential election periods, according to a much-watched index, a phenomenon insiders chalk up to apprehension about rising tax rates and declining economic conditions. That mood swing causes art buyers to become more conservative in their purchases… Read more

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