If market boom bust cycle is ~8 year, as some say, we are about 2 years late on the bust. Watch the NASDAQ.
In the news recently, the Rockefeller family sold the entire art collection of late the David Rockefeller - after selling his other assets in the last few months. His downtown manhattan apartment sold below asking, but the estate property and the lakefront property sold for above asking. Declining urban real estate market, and a booming “elite estate” market is telling. Is this a cash raise or just a normal sell and divide the assets after death?
The market for fine goods, like art, tend to follow boom and bust cycles as any market does. It is currently in a waning boom period, some think it can be used as a leading indicator of the financial markets.