A recent report by Citi has noted an impressive rate of growth for the art market in the past 15 years, when sales totaled about $3 billion.  “Since then, global auction turnover has grown at an average annual compound rate of 13%, reaching $16.1 billion in 2014,” says JPMorgan Asset Management’s Benjamin Mandel.  “Not bad considering that the period was punctuated by the deepest global recession in almost a century.”
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