Art may outperform stocks during armed conflict, according to the updated Mei/Moses Fine Art Index created by two professors at New York University Stern School of Business. The index also shows that while recessions did produce price declines in the art market, the declines in art prices tended to be short term and were followed by robust recoveries. Interestingly, the Index shows that the year 2000 was a strong year for the art market with the All Art Index rising 16% compared to a loss of 9.1% for the Standard & Poor's. http://www.stern.nyu.edu/om/mmoses/meimosesindices.htm