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Gerhard Richter
Abstraktes Bild
Sotheby’s New York
Nov. 9, 2011
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Art Dealer's Diary

by Kenny Schachter

Why do so many art people seem to be hoping for an art crash? Why can’t they accept that in these uncertain, unstable times art has elevated meaning and value? And that the global breadth of the collecting universe has grown exponentially, which is an underlying fundamental that Warren Buffet could appreciate. Says Charlie Finch in Artnet Magazine, “I predict that, in six months, art prices will be down, across the board by 50 percent, falling faster with no takers.”


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