For some reason the Mei Moses post of earlier today did not post properly. Here is a repost of the article and I have deleted the original post.
Beautiful Asset Adviosrs - The Mei Moses Art Index has upgraded their website. The site is now a more intuitive and has added features for premium users.
According to the email sent to subscribers on the new web design Art as an Asset states The new design makes more information available from the home page. This will facilitate, for the casual user, access to some of the research and opinions we have developed over our years of studying the art market. For our more serious premium users we announce several new services. The first is our commitment to publishing in, early April, July and October, timely tracking reports on the progress of the art market to date. The second is a service that we think is unique in the field, - our new artist returns service. We will publish annually the relative return performance of the leading 150 artists, by number of repeat sale pairs, in our database. Since we use an excess returns methodology the returns between artists will be comparable. We think you will be surprised by some of the result. In addition we have updated our "Mark to Market" valuation methodology to allow for the inclusion of semi-annual updating using our all art index or the use of a three year moving average for each of our annual indexes. The former serves clients who require a more immediate up to the moment valuation while the latter serves clients who are interested in a more long- term, smoothed valuation.
The email also noted that after five years of gains, the Mei Moses All Art Index declined by 4.5% in 2008. Compare that with a 37% drop in the S&Ps 500, and quality art was not a bad investment in 2008.The site is an excellent resource for art research and tracking market values and trends for post war, impressionist, modern, old master, and Latin art categories. The site has many excellent tools for the appraiser. Advanced features are on a subscription basis.
Creators of the index and site Jianping Mei and Michael Moses also contributed an article to the 2009 edition of the Journal of Advanced Appraisal Studies (shameless plug) entitled Market Based Art Valuations (look for an excerpt on the AW Blog soon).
To visit the Mei Moses Art Index site, click HERE.
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