Thursday, October 9, 2008

Traders of Art Learn Art of Trading?

Investors spooked by the stock market are increasingly putting their money in paintings, wine, and stamps instead of stocks and bonds. But for those of us still a couple million short of a Monet, Intrade will soon be offering a more affordable alternative: Futures contracts based on the art market.

According to a report in the Financial Times, Art afficionados will be able to pony up as early as today on Intrade for shares starting at $30 and priced according to the Mei Moses All Art index.

Next up: Futures in bottles of Bordeaux?


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