Monday, March 17, 2008

Salvador Dali and Abby Joseph Cohen

It's safer than the stock market.
-Salvador Dali Gallery ad on Bloomberg T.V.

Dali on the markets:

The Persistence of
The Persistence of Memory (1931) is one of Dalí's most famous works

We make the "BUY" call at DJIA 11806 -145 based on the Dali ad and the MarketBeat story, for the day, only.

Here's the owner of the gallery a few years ago:
A Salvador Dalí expert comments on the Park West at Sea Dalí prints
Bruce Hochman may be Salvador Dalí's greatest fan. Author of The Annual Print Price Guide to the Graphic Works of Salvador Dalí, Bruce is also the Gallery Director of the Salvador Dalí Gallery in San Juan Capistrano (, the only gallery in the world devoted exclusively to the works of Salvador Dalí. He is a member of the International Fine Art Appraisers Association.
Bruce was interviewed recently by Fine Art Registry™ on the subject of Park West Gallery, Park West at Sea and the sale of real or fake Salvador Dalí prints.
FAR®: How is the Dalí climate these days, because there was a time in the 80s that fakes abounded, was there not?

BH: Here's what happened. Dalí was ill. In December 1979 his hand was starting to shake. He and his wife Gala were in New York, staying at the St. Regis – they always wintered in New York – and she was giving him wrong medication, thinking he had flu-like symptoms. He wasn't getting any better. He said, "I'm going back to Spain, I want to be attended by my own physicians," and he was embarrassed by what appeared to be some sort of palsy or onset of Parkinson's. He put himself into seclusion.

Unscrupulous people heard about this and what they did is they would go into a museum – typical would be the National Gallery in Washington – and they would photograph a famous painting, for example The Last Supper. Then they would photomechanically reproduce it, and put a pencil Dalí signature on it and say, "Oh the master is on his deathbed, get this Dalí before he dies and it will be worth a gazillion dollars.">>>MORE

From MarketBeat:
...Maybe this is a buying opportunity: Abby Joseph Cohen
, the most bullish investment strategist on the Street, is not going to be making Standard & Poor’s 500 Index forecasts for Goldman Sachs anymore, according to Bloomberg. David Kostin, Goldman’s U.S. investment strategist, is taking over the role. Ms. Cohen had expected a year-end S&P of 1675.