Art Market Bubble Bursting – Gauguin Value Collapses 74% To $22 Million

– Art Market Bubble Bursting? – Russian Billionaire Takes 74% Loss On “Investment” – $85 Million Gauguin Bought By Dmitry Rybolovlev in 2008 – Christie’s auctioned the work at its evening sale in London – Global art sales plummet, but China rises as ‘art superpower’ – China soon to dominates global art and gold market –  Art price volumes doubled since 2009 – As currencies debase super rich seek out stores of value – Gold remains accessible store of value for all – Stocks, bonds and many assets at record prices – Gold half it’s real price in 1980

First published here: Art Market Bubble Bursting – Gauguin Value Collapses 74% To $22 Million