The annual figures by Artprice have placed 2014 as another record year in the art market, with $15.2 billion in works sold at auction in the past year, including a record 1,679 sales worth $1 million or more. “More museums were created between 2000 and 2005 than during the entire 19th and 20th centuries,” says Wang Jie, president of Artprice.com and Artron group. “A museum needs a minimum of 3,000 to 4,000 quality works to be credible… (and) is not meant to get rid of its acquisitions.”
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