Beautiful Asset Advisors/Mei Moses Fine Art Index released their 3rd quarter tracking results this week. See the chart below for a comparison of the Mei Moses World All Art Index and two month moving average to the S&P 500 and the Financial Times All Shares index (click the chart to enlarge). Overall for the year results for most art sectors remain positive, yet there are signs of decline over the past several months.
The YTD changes from 2010 year end for the various sectors are as follows:
- September Tracking Results for World All Art Index - +4.10%
- Impressionist/Modern 3rd Quarter +17.3%
- Old Master and 19th Century +7.2
- Post War and Contemporary -4.7%
- Traditional Chinese +24%
With the important upcoming fall sales, it will be interesting to see how the different art market sectors perform over the course of 2011, and if some sectors gain or lose over the 2010 results. Time will tell.
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