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Monday, 13 August 2012 18:30

China's Art Market is a $13 Billion Bust

A Scene from one of Poly's Auctions A Scene from one of Poly's Auctions China Daily

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.

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