The Mei Moses World All Art Index in down 1.4% through February, but the declines appear to be slowing and perhaps reversing, even though there is continued weakness. The recent report noted the index decline in January by 2.2% and 3.3% at the end of 2012. With the stock market currently doing well, it will be hard for art to keep up.
Mei Moses reports
Source: Mei Moses/Beautiful Asset AdvisorsWEAKNESS CONTINUES IN THE WORLD WIDE ART AUCTION
MARKET AS U.S. EQUITIES REMAIN STRONG THE WORLD WIDE AUCTION ART MARKET CONTINUED TO RESPOND TO GLOBAL ECONOMIC AND POLITICAL UNCERTAINTY DIFFERENTLY THAN EQUITIES. THERE IS A YEAR TO DATE DECLINE OF 1.4% IN THE MEI MOSES®
WORLD ALL ART INDEX THROUGH FEBRUARY. THIS IS A SLIGHT IMPROVEMENT FROM THE 2.2% DECLINE IN JANUARY AND THE 3.3% DECLINE AT YEAR END 2012. ART CONTINUED TO UNDERPERFORM EQUITIES IN 2013
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