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Artemundi Launches the Guernica V Fund to Help Investors Diversify Portfolios and Navigate the Art Market Amid COVID-Related Financial Uncertainty

Artemundi Launches the Guernica V Fund to Help Investors Diversify Portfolios and Navigate the Art Market Amid COVID-Related Financial Uncertainty
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Detailed text transcripts for TV channel - FOXNEWS - 20171231:15:40:00

a big fan of art funds by the way. there were these funds that were buying art and they all wanted to get out. everybody wanted to sell and there were very few buyers. believe me, he kept my gallery open, but they were very few buyers, there were very few buyers. he didn t have, you didn t have the middle east. you didn t have latin american buyers. you had zero china, and you had, you know, basically a recession in the united states. it was terrible. since then what i ve noticed because of the broadening of the market we ve been talking about because of the buyers in the middle east because of the great new collectors in china because of the broadening of the market in this country and elsewhere yeah it goes in cycles. anybody who thinks that it s not going to go in another cycle, all markets go in cycles. trish: really interesting stuff so art is not an investment or art is an investment, it s not a luxury there from larry gagosian

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