We’ve seen an incredible run in art sales in the last decade

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“What’s driving the art market globally is that certain people have a lot of liquidity and are looking for places to put it,” said Suzanne Gyorgy, head of Citi Art Advisory, a service of Citigroup’s private bank. “For many people art is an interesting alternative investment. It’s seen as a hedge against inflation and a safe haven in the high end of the market.”

via As Money Props Up Art World, Prospects Are Mixed – NYTimes.com.

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