Actually its the opposite - more and more people speculate in the hopes of buying cheap and selling dear - in the 80s this manifested itself in people buying work from graduate students about to graduate
On 11/15/10 3:29 AM, "joseph berg" <[email protected]> wrote: But because of their desire (obsession?) to keep raising the value of the artwork they bought, don't investors/speculators eventually drive out the collectors who, over time, find that collecting becomes less and less affordable because of inflated prices? --
