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Archive of entries posted on 27th February 2014

Art, defense, cars and mortgages. Profitable stuff.

The art market is exploding. First, it was the biggies, like the $142.4 million sale of the Francis Bacon Triptych. But suddenly the middle market — $100,000 to $300,000 — has also exploded. Everyone is plowing their stockmarket gains into art. There’s only one way to play this: Sothebys and Christie’s run a cozy duopoly […]