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The lax financial regulation of the Art Market

January 29, 2013 Art News No Comments

20130129 094530 The lax financial regulation of the Art Market
2009 Free Arts NYC Benefit Auction – Inside

The New York Times has an interesting article on the art market and it’s total lack of regulation.

“The art world feels like the private equity market of the ’80s and the hedge funds of the ’90s,” James R. Hedges IV, a New York collector and financier, said. “It’s got practically no oversight or regulation.”

As Art Values Rise, So Do Concerns About Market’s Oversight : New York Times

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