But aren't posters luxury goods? 

By that calculation, shouldn't all luxury boats (yachts?) be rising?

Ron


 



________________________________
From: Richard Halegua Comic Art <[email protected]>
To: [email protected]
Sent: Tue, February 1, 2011 3:06:31 PM
Subject: Re: [MOPO] Art Market Booming while Poster Market is Sinking??

At 02:59 PM 2/1/2011, Todd Feiertag wrote:

For 2010 Christie's had it's best year in it's 245 year history with over $5 
Billion in sales.
> 
>http://www.antiquetrader.com/article/christies_2010_global_art_sales 
> 
>At the same time I've never seen a worse year for movie posters with many good 
>ones going for pennies on the dollar.
>Interesting, isn't it?  Too much supply flooding the market and not enough 
>demand to absorb it all?
> 
>Todd
Todd, it's already widely reported that sales of Luxury Goods are at an all 
time 
high. The reason is of course because the super-wealthy are making greater 
amounts of money because all the companies they have invested in laid off 
millions of employees in 2008+2009 haven't hired these people back, and those 
they have hired back they've gotten at bargain rate salaries because of course 
everyone who isn't uber-wealthy is fearful of ever getting a job otherwise and 
will take whatever they can get. 



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