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AUCTION REPORT

Stockpiling The Past For The Future?

Modern Gems Help South Asian Sales Sparkle

TYEB MEHTA, Falling Bird, 1999, acrylic on canvas, 150.3 x 119.9 cm. Courtesy Christie's Images Ltd.

When the art market took a big hit from the recession two years ago, collectors, private dealers and gallerists took refuge in self-imposed austerity plans or investments in “quality” works of art only. While the auction houses have weathered the downturn, the trend for buying fail-proof names continues. This much was evident at Christie’s and Sotheby’s London June sales of South Asian…

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