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.
