In a world where a graffiti “artist” can demand $49 million for a painting, at one of the world’s most prestigious auction houses, it’s hard to ignore BID.
Last night Christie’s enjoyed a record auction, selling crap from Basqiat and infamous drunk driver Pollock.
Look this is very simple. The regular economy sucks and the middle class, after inflation, are “enjoying” 1995 wages, all the while the Fed pumps $85 billion per month into the stock market. The result is a much wealthier upper class, who are then diversifying their winnings into collectibles. As long as the stock market and the elite do well, there will always be a proverbial bid under the shares of BID.
As far as the stock is concerned, it rarely goes up at the onset of the auction season, performing miserably in May. However, the stock should be bought in May and held all the way through. I will be looking to buy BID for long term accounts soon.
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My kind of a stock, thanks.
On another note: remember we talked about replacing TC an Apple … I think Musk would be great at that 🙂
i see sotheby’s is selling some photos a chimp took of moscow, which is pretty great. good collectible alternative investment right there.