The Correlation Trend: Interest Rates & Auction Performance
We've observed a fascinating decoupling this year. While federal interest rate hikes usually tighten discretionary spending, the blue-chip art market has remained surprisingly resilient. In our latest 17-page report, we dive into the data behind why New York's top gallery owners are reporting record-breaking private transactions even as equity volatility spikes.
"Art is no longer just a passion project; for our clients at NovaRift, it constitutes a vital hedge against inflationary pressures in the current NYC real estate landscape."Read the full interview