Shares of Sotheby's stock went up 15% yesterday after their hugely successful $180 million modern and impressionist art auction. They are pointing to that to show what direction the market is headed.
So, who is ready to put their money where their mouth is and make a bet one way or the other with Sotheby's? If you feel the art market has bottomed and is headed upwards, it would be wise to buy Sotheby's stock soon. If you feel the gains yesterday were phony, you can short it.
Whichever way you think it's headed, I think investing in Sotheby's stock is pretty fun for the avid art market follower who is able to read it and analyze upcoming auctions pretty well.
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