AAJ ART MEDIA SERVICES - FOR ART SALE PROMOTION , ART TRADE ACTIVITY, EVENTS/ ART SHOWS "

AAJ ART MEDIA FOR ART TRADE ,CULTURAL EVENTS & MEDIA SALES ,BRAND PROMOTION ,: AAJ ART -A ART TRADE NEWSLETTER FOR ART & LUXURY MARKET

High-End Art Poses Possibility for Investors By   Joe Mont 01/03/11 - 08:00 AM EST   BOSTON ( TheStreet ) -- Despite the economic volatility of the past couple of years, the art market continues to set records. Back in November, hedge-fund billionaire Steven Cohen bought Andy Warhol's 1962 painting   Coca-Cola   for $35.4 million at auction. Another Warhol, at a seperate auction lasy year,   Men in Her Life , a black-and-white silkscreen depicting Liz Taylor and Debbie Reynolds, sold for more than $63 million. Overall, the modern pop artist is poised to join the ranks of Monet and Picasso in terms of appraisals and sales. Andy Warhol is poised to join the ranks of Monet and Picasso in terms of appraisals and sales, just as some are looking at high-end art as a securitizable commodity. Given the massive inflows and outflows of art collectors, is artwork ready to take the leap from hobby to commodity, from private equity to mutual funds? A small but growing movement is seeking the