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Summary
Jelena Kojic (with Phil’s edits) presents Australian and New Zealand art sales data as a cycle indicator. The chart shows rising art sales as the cycle matures, consistent with the pattern in prior cycles. This is identified as a simple, useful proxy for late-cycle speculative excess.
Key Claims
- Australian/NZ art sales rise as the real estate cycle matures — a craziness indicator. — confidence: high
- Art sales are on track for a repeat run into 2026. — confidence: high
- Rising art sales reflect increased discretionary spending as property values appreciate. — confidence: high