The year that the bubble bursts?

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“We are not in a bubble”, said the now-former CEO of Christie’s after their May 2014 sale of Post-War and Contemporary art, which fetched an astonishing $745 million. To many, this statement, in the context of the vertiginous prices which the auction house had just realised, seemed an all-too-obvious negation of truth as the art market steamed ahead on its record-breaking path.

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