In a single week, Christie’s has sold over $1 billion in art, a daunting feat that signals a new level for the global market perhaps never seen before.  “It’s a spectacle of excess at the highest level,†says Abigail Asher of Guggenheim Asher Associates Inc. “The last few years have been building up to this moment. A new class of buyer has entered the market and they’re prepared to pay staggering sums for trophy pictures.†Â
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