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HOME > PAST ISSUE > REPORTS [Premium content]July 2007
Revolutionary art is leading a resurgence in the market. Record-breaking prices are the result
While those who play China’s stock markets may not be able to sleep at night for fear of price fluctuations, art dealers watch from the sidelines with smiles on their faces and heaps of money in their pockets.
Prices at spring auctions in Beijing and Hong Kong have soared this year. In the modern and contemporary art section, 12 lots in Hong Kong and four lots in Beijing each went for more than US$1.3 million before June 10 and another dozen auctions were still to be held.
Prices at spring auctions in Beijing and Hong Kong have soared this year. In the modern and contemporary art section, 12 lots in Hong Kong and four lots in Beijing each went for more than US$1.3 million before June 10 and another dozen auctions were still to be held.
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