Did Bill Gross Identify The Relative Value Play Of A Generation?

In a recent blog post, Bill Gross suspects the entire right half of his brain is missing. No, he’s not talking about a counter-trend trade in the U.S. dollar being the trade of the year or that brain freeze when he correctly called the bund trade but failed to execute. He’s talking about the hysteria – and bidding war – taking place in the high end art market.

In a financial world built on quantitative easing, high art prices and low interest rates abound

Noticing that Christies landed $1 billion in art sales in...