Art Market Monitor

Global Coverage ~ Unique Analysis

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

Why Basketball Teams Are Like Bacon Triptychs

May 8, 2014 by Marion Maneker

Koons Equilibrium

It’s not just the art market. David Kahn has a perceptive opinion piece Bloomberg View that says the guesstimating on the value of the Los Angeles Clippers is way too low. The team, Kahn says citing new television rights and player agreements, is worth $2bn or more because there are just too damn many rich people who want to own a sports team. Sound familiar?

In the ever-widening world of sports, the number of willing buyers now outflank the number of willing sellers by a landslide margin, a revolutionary economic change that will push prices for sports teams, as with Manhattan penthouses and Picassos, to astonishing heights for the foreseeable future — especially those teams located in places where rich people like to live during the basketball season.

Racism Pays: Clippers Can Fetch $2 Billion (Bloomberg View)

More from Art Market Monitor

  • Guarantees Dampen Excitement at Sotheby’s
  • The Eclectic Collection of Asia’s George WongThe Eclectic Collection of Asia’s George Wong
  • Hauser + Wirth Adds Arshile Gorky Estate Hauser + Wirth Adds Arshile Gorky Estate 
  • Beautiful Inside My Head ForeverBeautiful Inside My Head Forever
  • Rembrandt Went to WynnRembrandt Went to Wynn
  • American Paintings Highlights (Wyeth, O'keeffe, Parrish, Leigh)American Paintings Highlights (Wyeth, O'keeffe, Parrish, Leigh)

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
 

Loading Comments...