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Decoding the Art Market: From Auctions to Investments
This chapter explores the intricacies of the art market, focusing on transparency in pricing data from auctions at prestigious houses like Sub-abes and Christie's. It discusses the dynamics of art investing, including factors influencing sales, storage in tax-free ports, taxation implications, and motivations for collectors. The conversation also delves into the challenges of transaction fees and the creation of an art market index to track appreciation rates.