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Australian Art Market Has Exceptionally Strong Season, 10% Off 2008’s Record Pace

May 15, 2017 by Marion Maneker

The Australian Financial Review alerts us to the fact that the Australian art market has had a big year so far and could potentially have a year that breaks the market out of its decade of torpor. Just shy of A$50m so far this year, the market is having its best year since the extraordinary 2008 which was at A$55m at the same time.

If the trend continues, it seems the Australian art market as a whole is set to break out of the $100 million to $110 million total annual tally at which it has largely languished since the boom year of 2007 – before the global financial crisis struck home.

Australian art market gets fired up as auction records fall  (afr.com)

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Filed Under: Economic Trends, General

About Marion Maneker

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