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China dominates global art market
In a year when global art auction sales were down 22 percent from 2015 numbers, 2016 will be remembered as the time that China established itself as the clear superpower of the art world.
Global art sales plunged in 2016 as the number of high-value works sold dropped by half, while China regained its status as the world’s top market, Artprice said in an annual report released Monday.
Art auctions worldwide…