Art Market Recovery: Tracing Improvements

$48 Mil Head of a Muse; Raphael
$48 Mil in 2009 for Raphael's Head of a Muse

As I continue to study the art market’s very slight, but seemingly strong rebound, I will continue to compile reports which should lend insight, not only to the workings of the art market as it improves, but to trends that should grow out of this latest bubble burst. What follows are some things to look out for and what they mean for the future.

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TREND: Wherein I Speculate About Auction Houses Buying Galleries

Although news reports of record sales continue to herald the recovery of the art market, many galleries continue to experience hardship and are driven to close their doors. I believe that auction houses have discovered a new way to take advantage of  this unfortunate trend.

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