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Xu Beihong
Admiring the Stallion
1937
$2,104,531
Christie's Hong Kong
May 29, 2012
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WILL THE ART MARKET CRASH?
by Charlie Finch

This week's perfect storm of bad worldwide economic news, including depressed growth numbers from India, China and the U.S., capital flight from Spain and continued stalemate in the European Union over Greece and the future of the euro, make one wonder whether the high end art market can continue its contrarian record sales indefinitely.

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