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TUESDAY 14: CHINA'S $13 BILLION ART FRAUD -- AND WHAT IT MEANS FOR YOU.
2012-08-14

FORBES: If you pay attention either to China or the art market, you’ve probably heard the story: China last year became – according to art industry experts – the world’s largest market for art and antiques, surpassing the USA.Well, here’s a shocker: it isn’t. Not even close.Of course, you probably suspected as much: but the reasons are only now becoming clear. Exclusive interviews over the past several weeks with Chinese art dealers, auction house officials and others reveal a level of corruption significant even by Chinese standards, and more, the potential global dangers of an art market now at unprecedented heights – and growing.Read Source here




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