A SQUARE :: 24Jul07 A Square’s Art Series with Philip Hoffman - IV
• The market is poised to grow significantly over the next 5-10 years (due to the proposed museum projects)
• As more works of high quality are purchased by museums and institutions, there are fewer quality works on the market, and the remainder steadily rise in price.
• With proper education and interest, there is significant financial wealth that can be channelled into this art market
Friday’s Settlement: 2902 (- 82) UPDATE: NO CHANGE: For the last sixteen weeks 3010 (our proprietary black resistance neck- line) has acted as the key upside pivot, and price action remained under that point (on a close basis) for this entire period. 3010 remains the pivot between a bullish and bearish market. It (3010) has worked like magic. Providing resistance to the tick. Eight days ago the market once again failed at that region, and is now suffering.