To say that the art market, including public auctions and private sales, has performed very well in the last several years would be an understatement. The press has reported on both the record breaking auction sale of Edvard Munch’s “The Scream” at Sotheby’s and on Christie’s historically successful sales of post-war and contemporary art last May 2013, totaling approximately $495 million, and in November 2013, totaling approximately $691 million. At the ...

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