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Art Buyers Are Asking For Big Discounts Right Now

VISUAL Posted: June 15, 2020 11:28 am

Buyers demand discounts of as much as 30% on new works and 50% on the secondary market, according to art dealers. Temporary reprieve, including government rescue loans or rent reductions, will go away. And art fairs, one of the largest sources of revenue for galleries, aren’t coming back soon. – Bloomberg

VISUAL Published: 06.12.20

Read the story in Bloomberg Published: 06.12.20

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