Skate’s has been following Artprice for some time. Even though they’ve been skeptical about company because it reports little financial data and has shown no growth, the stock seems to be exploding:

Based
 on
 the
 data,
 it
 would
 seem
 that
 our
 readers
 who 
like 
Artprice 
were
 right
 all 
along 
and
 that 
we
 were
 wrong 
in
 our
failure
 to
 see 
the 
investment
 case
 for
 the 
French 
firm
 run
 by
 the 
flamboyant 
Thierry 
Ehrmann.
The
 investment
 case
 was 
clearly 
the 
best
 in
the
global
art
 industry,
 offering
 230%
 YTD
 annualized
 returns
 to
 those
 investors
 who
 added
 Artprice
 to
 their
 portfolios
 last
 winter.

That
 said,
 our
 opinion
 remains
 unchanged.
 Artprice’s
 performance
 this
 year
 suggests
 the
 presence
 of
 a
 speculative
 bubble
 that
 cannot
 be
 sustained.

Skates’s Market Notes