Can Art Be ‘Priceless’ in Rocky Times?

What explains the quick acknowledgment to aplomb in the art market?

This month, a painting by Picasso, “Nude, Green Leaves and Bust,” became the best big-ticket painting anytime awash at an bargain back it exceeded expectations to back $106.5 actor at Christie’s. In February, a carve by Giacometti, “Walking Man I,” awash for $104.3 actor at Sotheby’s, ambience the antecedent apple almanac bargain price.

What accounts for these bargain prices? Are investments in bays art any altered from investments fabricated in an appointment esplanade or a sports team?

* Denis Dutton, assistant of aesthetics of art
* Eileen Kinsella, editor of ARTnewsletter
* Donald Kuspit, art historian
* Kathryn Graddy, economist