Gundlach Fields ‘Panic Offers’ With Art Market in Distress

The global art market is girding for a liquidity crunch.Jeffery Gundlach, the billionare money manager and art collector, said he received "panic offers" of works by artists including Monet, Renoir and Hopper at slashed prices. Financier Asher Edelman is gethering investors to buy at a discount. Strains are even showing in the Sotheby's debt, which is trading at distressed levels.Edelman, who privides loans aginst artwork, said Tuesday that he has assembled a group of collectors, galleries and othe art professionals who are prepared to buy major works at a 35% discount to ..........

원문링크 : Gundlach Fields ‘Panic Offers’ With Art Market in Distress