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The publication of this work was supported by Former West, Berlin. Short Stories Press Berlin, Germany. (cc) 2013 This text is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. By, Alice Escher, Boaz Levin, Stefan Trger, Till Wittwer.
the business of buying and selling securities and other financial instruments, as well as making, buying displaying and selling art. MoM currently has a short position in several art related firms, such as Sothebys Ltd. (Sothebys) common stock. We do not own any options on Sothebys common stock. MoM will profit if the average trading price of the slate Art Index declines and will lose money if the average trading price of common stock of within the slate art index increases. Mom may change its views about or its investment positions in art at any time, for any reason or no reason. But it shall no change its views regarding the art world, the art market, artists, and artistic practices. MoM may buy, sell, cover or otherwise change the form or substance of its Art world investment. MoM disclaims any obligation to notify the market of any such changes. The information and opinions expressed in this site (the Presenta tion) is based on publicly available information about the art world. MoM recognizes that there may be non-public information in the pos session of various actors within the art world or others that could lead Sothebys or others to disagree with Moms analyses, conclusions and opinions. This site includes forward-looking statements, estimates, projections and opinions, Such statements, estimates, projections and opinions may prove to be substantially inaccurate and are inherently subject to significant risks and uncertainties beyond MoMs control. Although MoM believes the site is substantially accurate in all material respects and does not omit to state material facts necessary to make the statements therein not misleading, MoM makes no representation or warranty, express or implied, as to the accuracy or completeness of the Presentation or any other written or oral communication it makes with respect to the art world, and MoM expressly disclaims any liability relating to the Presentation or such communications (or any inaccuracies or omissions therein). Thus, shareholders and others should conduct their own independent investigation and analysis of the Presentation and of Sothebys and other companies mentioned. The content of this site is not investment advice or a recommendation or solicitation to buy or sell any securities. Except where otherwise indicated, the Presentation speaks as of the date hereof, and MoM undertakes no obligation to correct, update or revise the Presentation or to otherwise provide any additional materials. MoM also undertakes no commitment to take or refrain from taking any action with respect to Sothebys or any other company. As used herein, except to the extent the context otherwise requires, MoM includes its affiliates and its and their respective partners, directors, officers and employees.
TABLE OF CONTENTS DISCLAIMER.................................................................7 A CRISIS IS A TERRIBLE THING TO WASTE...........8 THE WAY IT WORKS....................................................10 SHORT SOTHEBYS......................................................11 CROWD SHORTING.....................................................13
Normally, when investing in stock, one buys a specific product hoping it will rise in value. If the value rises and the stock is sold, a profit is made.
Shorting in a nutshell
If the value drops and the stock is sold, money is lost. Shorting inverts this logic, turning it on its head: If the value drops and the stock is sold, a profit is made.
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Betting against the market or against the value of a specific commodity.
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Youre right. One cannot have a short position in art, relating to specific artworks, but what one can do is short publicly traded art related companies.
In other words, a successful short depends on the ability to predict, or speculate on, a fall in value.
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shortingart.com
and our shop
shortingart.bigcartel.com
Folllow us on @shortingstories