Finance blogger Felix Salmon wraps up a curious fact about venture capitalists–they’ve been allowing start-ups to raise money at lower valuations that previous rounds (an unheard of practice)–into a question about the primary art market:
I don’t know how you’d even begin to do this kind of analysis for primary art-market prices, but it would be fascinating. Have art dealers finally capitulated and started cutting their list prices from boom-era levels? Or are they just offering much larger discounts these days?
It’s a good question.
How Art Dealers Are Like Venture Capitalists (Felix Salmon)
