Larry Fink, the CEO of the multinational investment management firm BlackRock, takes a similar view It really throws into question the whole globalization of these firms, with each country for itself . He adds I wouldn t call it a trade war, but I would certainly call it a high level of protectionism.

Just five months ago, Larry Fink, Chairman and CEO of BlackRock, the world s largest asset manager, told an audience in Singapore that contemporary art has become one of the two most important stores of wealth internationally, along with apartments in major cities such as New York, London, and Vancouver. Forget gold as an inflation hedge buy paintings.