User: Brian Ripley: China Economy: Picture
Picture
Now another reversal is underway even as headlines trumpet new highs on selected pieces of art: "Christie's racks up $745m in one night (a record) and the bubble keeps inflating" The auction is replacing the gallery as an expedient method to monetize art. "Rental fees for Canadian art is a tax deductible business expense and the purchase of Canadian art can be a depreciable asset." More at www.chpc.biz
Comments
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canwill be a depreciable assetnothing against Canadian art mind you . . .just that this is just a symptom of monetary policy gone awry
5/14/14