What is Art? High Returns On Investments

If killings on the Stock Markets and buying IPOs are not "doing it for you" or if Opportunity Zones don't give you enough tax-shelter over time. Real Estate too risky . . . there's always art if you need some investment vehicle to stash millions of dollars in.
The market is hot right now . . .The high-end art market’s first big test of the year takes place against the backdrop of U.S.-China trade tensions and jittery financial markets

"Call it the season of ultimate conspicuous consumption: More than $1.6 billion worth of art is heading to the auction block in New York next week. Billionaires and wealthy collectors from around the world will vie for works of Impressionist, modern and contemporary art at the Christie’s, Sotheby’s and Phillips auction houses. Some will earn bragging rights by buying trophy works from artists inscribed in art history or riding the latest fashion wave

From Picasso to Rothko: New York’s Billion-Dollar Week of Art Auctions

These works of art could drive the highest bids next week at New York's auction houses.

By Katya Kazakina and Allison McCartney  ‎May‎ ‎10‎, ‎2019

This page will keep score, day by day, throughout the week.

The highlights include a serene landscape by Claude Monet, a moody abstract work from Mark Rothko, Jeff Koons’s inflatable steel bunny and a one-ton spider by Louise Bourgeois.

There are also at least 19 works by KAWS, a 44-year-old Brooklyn artist who is enjoying surging international demand.

Estimated spend $1.6-$2.2B

Lots for sale 1,972

The art world’s biggest prizes 👆

Top lots from evening sales at New York’s spring and fall art auctions

Source: Bloomberg