According to a recent article on Newsweek, it's only a matter of time before Asian buyers reinvigorate the contemporary-art market.
Despite the global recession,Asian buyers are proving to have deep pockets in auction categories that are "easier to understand" and associated with a high-end lifestyle: from imperial artworks and porcelain to wines to watches and fine jewelry.
Contemporary-art prices may be set to return to their former glory, pushed this time by Asian (particularly Chinese) buyers.
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