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Summer sales paint rosy picture for art auctions

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Jean-Michel Basquiat in his studio in 1987. About 70 per cent of the Sotheby's lots had never before been seen at auction, including a triptych of 1983 Basquiat canvases.

London

THE big contemporary art auctions in London at the end of June and the beginning of July have traditionally been the finale to a hectic few months in the international art market.

But how significant are they now that Christie's is no longer holding summer contemporary sales

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