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Take aways from new market data:

*  Billionaires getting macho pushes top end;

*  Museums try to keep up, and fail unless they have their own angel;

*  What China has driving it's market is a newly affluent middle class;

*  The American middle class faces retiring babyboomers and skyrocketing Obama care premiums as nobody addressed the malpractice scourge as the underlying cause.

Screen Shot 2018 03 01 at 11.15.31

Paris (AFP) - The fine art market is going through such a boom that it is only a matter of time before a painting sells for $1 billion (818 million euros), according to a new report seen by AFP Wednesday.

Driven by the record sale of Leonardo da Vinci's "Salvator Mundi" to a Saudi prince for $450 million ($550 million) in November, the market is rising in a way not seen for three decades, the authoritative Artprice index said.

To Read More on Yahoo:

https://www.yahoo.com/news/1bn-painting-only-matter-time-art-prices-surge-143635103.html

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You may also like to read:

*  Last da Vinci, may be not, another could be Hiding in Plain Sight

*  Christie's American Sale, Photos and Prices Achieved

*  Salvator Mundi - $400m Plus Commissions

*  Tidbits - $1689.00 Every Day

*  To The Square Inch

 

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AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com