This puts the 2005 to 2007 rise in art prices above those of 1988 to 1990, the art boom years of the 20th century, establishing London as Europe’s art capital and art as the world’s investment of choice.
At Christie’s sales of Impressionist and Modern Art and Post-war and Contemporary Art, 17 artist’s auction records were broken and 42 works changed hands for over £1 million each. Christie’s star lot of the week was Francis...
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