The art market will recover, and Sotheby's will remain the place.

Turn Corpses Into Cash: Even if you are not the late Leona Helmsley's pampered pooch there are still plenty of other ways to profit from the dead, says Simon Constable.

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London is rocking the art world and the good stuff is over at Sotheby's London. That ol' master might have failed to sell this season but take a look at Damien Hirst, Banksy, and Micallef, Basquiat, Warhol and my favorite, Francesca Woodward. Their founder, the elegant Mr. Taubman, built a magic kingdom.

well positioned in its industry

same as above

Market Outperform - Price 42.73 on Sept. 17
by JMP Securities
The fall auction season is in full swing, and with a handful of positive data points on recent and upcoming auctions, it gives us optimism on the major auctions in November. Auction results at the mid-season Contemporary Art sale in New York exceeded the high end of the range, easing concerns that the recent turmoil in the financial markets would stifle demand for high-end art. We believe the supply at several key upcoming auctions is robust. We reiterate our Market Outperform rating and our $60 price target (which reflects an earnings multiple in line with its historical average) on BID, as we continue to have confidence in the enduring strength of the art cycle. BID [is] trading at 14.2 times our FY08 EPS estimate, a discount to its long-term average of about 23.

Some well-known issues that have maintained impressive grades since March include Accenture (ACN), Sotheby's (BID), Google (GOOG), Hewlett-Packard (HPQ) and United Parcel Service (UPS).

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50%

Since I can't afford to shop there then maybe I could afford this stock. With the new billionaires being made all over the world, they are going to want to buy up the great art. This is a wonderful play on worldwide prosperity.

know nothing about art