Art Market Roars Ahead! Will The Stock Market Follow?

I track a lot of leading indicators.  I use them as a reference point when making decisions.

I track the art market with Sotheby's.  Sotheby's is a global art business company.  As an indicator the theory goes like this - those with significant wealth and confidence in the markets will bid more for artworks.  So if the art market is booming the market will continue to follow.  And vice versa.

Looking at Sotheby's chart (BID) it is very bullish.  Slopes are up.  RSI overbought.  Trends are up.

Also of note.  The 100 week moving average (a long term trend measure) just started sloping up the last couple of months.

This one indicator would point us in the direction of the overall markets moving ahead.

If you are uncertain about it.  You can buy some local art, instead!

Chris Vig is president of The Vig Company and is an investor, artist, author, business consultant and former CEO living in Monona, WI. This article is for entertainment purposes only.  Do you own diligence when investing your hard earned cash.