The Mei Moses 2010 Mid Year results are in, and the art gains for the first half of the year are substantial. The overall index for the first 6 months of the year is up 13.4% compared to a loss of 6.5% for the S&P 500. The impressionist and modern art index is also at an all time high.
Although that news is very positive, and continues to build from the 3 month increases, I still believe and see and hear many indicators that the middle markets for both fine and decorative arts are still experiencing slow sales.
Click HERE to visit the site and read the press release.not all collecting categories are reacting in tandem to the changing economic climate of the first half of 2010. However what is obvious is that there is growing positive momentum in the impressionist and modern and the post war and contemporary collecting categories. In addition to this momentum the improvement in the American category was sufficient to overcome the flat performance of the Latin category and the reversal in the old master category to yield positive results for the all art index.
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