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Australian art collectors have money to burn and fashions to chase – Sydney Morning Herald
In times of economic downturn the art market is usually the first to feel the pain and the last to recover – but buyers aren’t following the script.
Most of these record-breakers are solid, typical examples of the artists works, although Id hesitate to call any of them iconic. The museums hold much better paintings by all these painters. In some cases, Im frankly mystified by the buyer’s taste. It shows, at the very least, that would-be collectors have money to burn, and are more likely to be fashion victims than connoisseurs. They are also likely to ignore quality works by less prestigious artists.
What were watching is not a pattern of shrewd…
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