Globalization Keeps Money Pumping Into Art

Globalization Keeps Money Pumping Into Art
Dan Gould
  • 27 june 2008

With all the news of skyrocketing food and gas prices, it’s interesting to note that the art market is still going strong. A Monet waterlily painting– Le Bassin aux Nymphéas – just claimed a world record price for the artist at auction. It went for an astounding £40.1m (almost $80m). Technology is enabling the global super rich to keep this high end market afloat.

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