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<p>[QUOTE=&quot;svessien, post: 4285226, member: 15481&quot;]That’s what I thought would happen in 2007-2010 too, because what you say makes the most sense.</p><p>Instead we got a very hot coin market at that time, and if the newsletters from the auction houses are correct, the market is getting record prices now too.</p><p>I believe the reason is that people sell off funds, and place the money elsewhere.</p><p><br /></p><p>Here’s an analysis from another economist, concerning the art market which is similar to the coin market:</p><p>«Turmoil in the global financial markets, which started in 2007, did not materially alter the volume of sales until 2009, at which time the high-end art market experienced a sharp contraction in the number of expensive artworks being purchased. This decline occurred just as stock prices were beginning to rebound, reaffirming the view that art lags equity markets by six to eighteen months.»</p><p><br /></p><p><a href="https://medium.com/@masterworksio/what-happens-to-art-in-a-financial-crisis-2cc9c20451b8" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://medium.com/@masterworksio/what-happens-to-art-in-a-financial-crisis-2cc9c20451b8" rel="nofollow">https://medium.com/@masterworksio/what-happens-to-art-in-a-financial-crisis-2cc9c20451b8</a>[/QUOTE]</p><p><br /></p>

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