Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Playing Along at Home

October 9, 2008 by Marion Maneker

Intrade to Launch Art Price Future Contracts

Intrade is the place where people go to place bets on big events. They experimented with the Hirst auction and now the Financial Times announce that they’re expanding to more artists:

The Prediction Market begins trading futures contracts – which can be bought for as little as $30 – based on the art market. Dublin-based Intrade, which already offers futures contracts based on political and economic events such as who will win the US election, will use the Mei Moses All Art Index as the basis for prices. The contracts will start trading today.

How the system will work isn’t explained and Intrade doesn’t have any information on the site.

Update: The site is now up. But the trade offered isn’t very sophisticated. You’re basically giving an under/over on the Mei Moses Index. It’s doubtful that many people know the matched pair composition of the Mei Moses Index to make a meaningful guess beyond up or down.

Gambling on the Price of Art Becomes a Reality (Financial Times)

More from Art Market Monitor

  • Can the Lowry Market Make Another Jump on Foreign Appeal?Can the Lowry Market Make Another Jump on Foreign Appeal?
  • What If All the Board Members Went Bankrupt?What If All the Board Members Went Bankrupt?
  • Agnes Gund & Oprah Winfrey Lead Auction of Women Artists at Sotheby’s to Benefit Miss Porter’s SchoolAgnes Gund & Oprah Winfrey Lead Auction of Women Artists at Sotheby’s to Benefit Miss Porter’s School
  • Phillips De PurifiesPhillips De Purifies
  • Battered ArtBattered Art
  • Two Sales Show Strength Returning to Aboriginal Art MarketTwo Sales Show Strength Returning to Aboriginal Art Market

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor