ART MARKET - Downward pressure on Asian art
Posted on November 8, 2008 at 9:18 AM.
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Some experts say the less established reputations of Asian artists versus timeworn western masters make major record-breaking results unlikely at the current time, but their much cheaper valuations make such artists attractive for buyers seeking long run returns. Chinese art website Artron.net showed a 14 percent fall in its Chinese contemporary art index this autumn compared with the spring.
Financial crisis puts chill in Asian art
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