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Sarah Meyohas: Penny Stock Manipulation for 'Art's Sake

November 8, 2016

BloombergView columnist Matt Levine has written several times about Sarah Meyohas, the artist who placed trades in penny stocks, caused the prices to move, painted the price charts on canvas, and then sold the paintings to art collectors  He refers to it as "definitely my favorite form of penny stock manipulation, though I cannot guarantee you that even my favorite form of penny stock manipulation is legal."

 

Mr. Levine includes a short video about Meyohas by Harry Golden - one in which he appears, talking about her work.  Mr. Levine admits that he love the art, but can't afford. Instead, he invests in 'knockoffs' - e.g., by printing out Bloomberg charts of her trades to hang on my walls.

 

Sarah Meyohas is a Wharton graduate who paints stock-price charts and sells them to hedge-fund managers. It is commerce all the way through. It turns out that the performative rejection of capitalism is not essential to artistic authenticity. You can just trade stocks instead.