How Auction Guarantees Are Changing The World Of Art
Odd Lots
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Exploring Giga Week and Art Market Dynamics
This chapter delves into Giga Week, a pivotal period in the art auction calendar where over a billion dollars worth of art is sold, highlighting notable sales like the Koons Bunny. The discussion emphasizes the role of auction guarantees in safeguarding high-value transactions and the increasing influence of third-party investors in the art market. It also contemplates the broader economic implications of these developments and the evolving landscape of art valuation.
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