
“The young tend to have a higher appetite for risk, in investment speak, and this generation has witnessed an unprecedented rise in art prices, especially in contemporary art, which is the category they are most likely to collect. Artprice.com’s global index of contemporary art states average prices have gone up by 70 per cent in the past decade. The New Circle members are all newbies and face the challenge of plunging into a market when prices for contemporary art are much higher than a few years ago. The young generation has only just started buying art in Hong Kong, and has no intention of stopping.”
Related posts:
Radio wave-treated water could change agriculture as we know it
NYC's Bloomberg led the way on trans fats ban
Families upset with how deputies handled boys' arrests
Florida Gators LB Antonio Morrison arrested for barking at police dog
The Facebook camera that can recognise you every time you walk into a shop
CDC director explains what he hates about electronic cigarettes
Millions of U.S. license plates tracked and stored – and it’s not just government agencies
Americans Renouncing Citizenship Up 221% In 2013
Security-Enhanced Android: NSA Edition
Rumsfeld: Obama hasn’t justified Syria attack
Man arrested for posting image of burning poppy on Twitter
Loan Practices of China’s Biggest Banks Raising Concern
Texas cop fired for shooting 41 times at suspect, killing him
New York Financial Regulator: ‘So Be It’ If Transparency Harms Bitcoin
Why The Deep Web Has Washington Worried