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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