Nouriel Roubini, the leading economist, has lately turned his attention to art and the art market (which he believes needs regulation due to “shady behaviour”).  He has now decided that art is a new asset class.  Actually, art has always been an asset class except previous generations just called it something else.  Throughout history good
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At the World Economic Forum last week in Davos, at an event organised by the Financial Times and the bank Julius Baer, the Economist Nouriel Roubini launched an attack on the art market.  According to Roubini regulation is required in the art market because it suffers from tax evasion, money laundering, price manipulation and trading
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