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Art Market Sails Over Turmoil

Weak dollar, overseas buyers help keep prices high

By Dustin Lushing, Newser Staff

Posted Dec 26, 2007 6:01 AM CST

(Newser) – US financial markets were in chaos this year, but the art market certainly wasn't. The expanding ranks of the super-rich, the weak dollar, and emerging connoisseurs from Russia, China, India, and the Middle East kept auction houses in fine form, the AP reports, with postwar... Read full story »

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Art Market Sails Over Turmoil

Weak dollar, overseas buyers help keep prices high

art • Andy Warhol • Sotheby's • Christie's • auction • US economy • Matisse • art auction • weak dollar

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More Newser Stories

Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

Matisse Pulls Impressive $33.6M

Art world breathes easier after first night of stellar sales

$72M Sale Shatters Warhol Record

Auction madness continues as contemporary-art market sizzles

Cezanne Under Wraps Since 1953 Could Fetch $20M

Rare work was study for artist's Card Players series

London Art Market Feels a Chill

Lack of once-plentiful foreign cash hurts auctioneers

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