Thursday, May 17, 2007

What's with All the High Auction Prices for Art and Collectibles?

What's with all the high auction prices for art and collectibles? Usually you don't see these types of high prices unless we are in a rip-roaring bull market. Are auction prices preceding the stock market now? here are a few of the high ones:

Andy Warhol painting get $73 million bid.

Titanic Life Jacket Sells for $119,000

Abstract artist Mark Rothko painting sells for $72.8 million

Two of Anna Nicole Smith's diaries sold for $500,000

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