The art business, a Davos talking point

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As an economic force that generates a yearly turnover of $70 billion, art business is now a robust sector of financial markets. In Davos, key actors reviewed the impact of explosive growth in their own fields, from collecting, to art fairs and museums. “There have been enormous changes in the ecology of the art world in the last 20 years,” announced Peter Aspden, the Financial Times’ arts writer, at a debate hosted Thursday by the British newspaper and bank Julius Baer.

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