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Strategies & Market Trends : Natural Resource Stocks

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From: isopatch	5/1/2025 10:52:32 PM
	3 Recommendations Recommended By Arran Yuan Hugh Bett roguedolphin Read Replies (1) of 108845

One of my most unconventional real time economic indicators is Old Masters & 19th Century art auction price results from Christie's, Sotheby's & Bonhams Must emphasize it's NOT a stock market indicator. Stocks usually go down for mothers before you have.... Weak/Failed auctions when less than 1/2 the lots are sold & many others go under the hammer at bargain prices. These only take place well into broad economic recession credit contractions when banks shut off - by definition - speculative credit lines to major art dealers from all over the world. Those dealers are the most active & usually the most savvy buyers. They wholesale (auction prices). Markup those buys. Then sell at retail in their posh well promoted galleries. Just completed Bonham's auction below is a classic example. If you scroll dn you'll notice after lot 19, vast majority of pages show 1/2 or 3/4 of lots offered fail to sell. This is very bearish. bonhams.com Yep. If my house had already sold, would have grabbed at least one of the bargains. Waiting for just this kind of auction is how I built my modest but hi quality art collection. They don't happen often. Iso

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