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Art market may decelerate: Citi

Report suggests that factors contributing to its blistering growth in the past 15 years are unsustainable
Tuesday, November 17, 2015 - 05:50

Artworks are displayed in the salesroom of the A Alfred Taubman collection at Sotheby's auction house in Hong Kong on Oct 2. Citi GPS reports that the Chinese market has now essentially caught up with the US and UK.


THE art market has grown at a whopping average annual rate of 13 per cent since 2000, with global sales rising from US$3 billion in 2000 to US$16.1 billion in 2014. But will it be able to sustain this performance for another 15 years? A new report released by Citi under its Citi

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