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What to Do with that Billion in the Bank

June 17, 2009 by Marion Maneker

Lindsay Pollock’s Art Basel coverage reavealed this interesting take on buyers at the fair:

Theories as to why buying had improved bounded around the fair. “Most people who had a billion in the bank still have a billion in the bank,” says London dealer Helly Nahmad. Many art world denizens said the continued art buying had a psychological root, that die-hard collectors were still attracted to the sport, financial meltdown or not. […]

Surprise Success: Art Basel Dispels Credit Crunch Blues (The Art Newspaper)

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Filed Under: Collectors

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