Sizemore Says Art Market Bad Deal, Global Nouveau Riche Driving Demand for Luxury

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Investment manager (and TCU grad) Charles Sizemore puts in his two cents on the inadvisabilty of art as an investment in today’s Wall Street Journal Market Watch, even as he admits that it’s market-beating and recession-weathering ability has put money into the pockets of a few insiders. Sizemore goes on to draw conclusions about the rising global demand for luxuries that he feels the art-market’s strength portends. Along with Mercedes S-class Sedans, Coach Bags and Tiffany, art is in demand among what Sizemore terms the “global nouveau riche.”

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