Homes may continue to lose value, the euro becomes shakier by the day, the unemployed stay unemployed and even the Chinese economy shows signs of overheating, but the international art market seems to know only one direction: up. For the first half of 2011, Christie’s sold $3.2 billion in fine and decorative art (an improvement of 25 per cent on 2010), while its rival Sotheby’s auctioned items worth $3.4
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