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

  • Top Indian Art Performers in New YorkTop Indian Art Performers in New York
  • How to Solve Greek Problems? Return the Elgin MarblesHow to Solve Greek Problems? Return the Elgin Marbles
  • Led by $1.8 M. V. S. Gaitonde Painting, Sotheby’s South Asian Art Sale Nets Robust $4.8 M. Amid Uncertain MarketLed by $1.8 M. V. S. Gaitonde Painting, Sotheby’s South Asian Art Sale Nets Robust $4.8 M. Amid Uncertain Market
  • Arp and the US: A Conference in Berlin, June 22-23Arp and the US: A Conference in Berlin, June 22-23
  • Phillips Wants to Be House of Doig with $18m PicturePhillips Wants to Be House of Doig with $18m Picture
  • ARCO is 30 Years OldARCO is 30 Years Old

Filed Under: General

About Marion Maneker

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Restituted Van Gogh Portrait from London Collection to Sell at Christie’s
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Tony Podesta's Secret Art Buying
  • Christie’s to Sell Its First Fully Digital Work of Art in Test of Emerging Market
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Sotheby's Pulls in a $9m David Hockney for November
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • 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