Contemporary art market bounces back In 2010
Christies has announced sales figures of £3.3 billion or $5.0 billion for 2010. This is up 53% and a record for the world’s leading art business. The 245-year-old company now holds the record for the highest total recorded in the industry. The contemporary art market bounced back last year, logging $961 million, compared to a relatively weak $387 million the previous year. Impressionist and modern art was Christie's leading category, totaling $1.2 billion, a rise of more than 50% over $786 million realised in 2009.
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Christies has announced sales figures of £3.3 billion or $5.0 billion for 2010. This is up 53% and a record for the world’s leading art business. The 245-year-old company now holds the record for the highest total recorded in the industry. The contemporary art market bounced back last year, logging $961 million, compared to a relatively weak $387 million the previous year. Impressionist and modern art was Christie's leading category, totaling $1.2 billion, a rise of more than 50% over $786 million realised in 2009. Read Full Article......
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