Outwardly, the art market looks the picture of perfect health. But ARTINFO asks whether it is all as rosy as it seems. "Some analysts believe that the increasing readiness of investors - rather than art lovers - to sink money into art are turbo-charging a boom that might lead to busts. In its latest analysis of the contemporary art market, London-based art market research firm ArtTactic warns that this bull market trend could go on for some time, supported by China's rising class of super-wealthy, but eventually the bubble will burst, as it did in Japan in the early 90s and the global art market crash in 2008." Read more...
Image: David Hockney's Hotel L'abois Sainte-Maxime at Sotheby's Auction House in London, estimated to reach $2.3 million
