Salon reports that interest in buying art has risen in Rio de Janeiro, as Brazil’s economy has been thriving. The middle class has taken to collecting art, an endeavor once thought to be relegated to the country’s elite, and has in turn put Rio on the international art map. The paradigm shift has changed such that larger dealers such as Larry Gagosian will participate in ArtRio this year, the second year of the city’s art fair. The fair’s debut last year was wildly successful, attracting 80 galleries from around the world and grossing $60 million.
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