Artists Outperforming the Dow
Over the last week or so, Christie's and Sotheby's both held auctions and judging by some of the prices paid, you wouldn't know there was a recession. Several records were set. An Edvard Munch painting from 1902, entitled "Girls on Bridge," pictured left, sold for $30.8 million. It had previously sold for $7.7 million in 1996. This equals a compound annual rate of appreciation of 13.1 percent. During the same time period, the Dow grew at an average rate of 8.2 percent.







