Pricey Warhols Make Lousy Investment: Mao Beats $30 Million Liz
This article is for subscribers only.
As postwar and contemporary art auctions begin in New York this week, 66 Andy Warhol lots will test the market’s appetite for one of its biggest stars. What’s the best buy?
“As an investor, you’d be better off putting the money into a mid-tier category,” said Anders Petterson, founder of London-based art-market research firm ArtTactic Ltd., speaking at a recent conference in New York. “There’s still a sense of rarity in this segment, but at the same time more liquidity than at the high end.”