Bloomberg notes the ongoing troubles for the contemporary market this week, focusing on the work of a group of young artists whose previously skyrocketing prices have now left collectors taking large losses to sell their works.  “This whole year has been a big readjustment, a much-needed one, like a chiropractic session,†says dealer Timothy Blum of Blum & Poe Gallery. “It can hurt, but you come out on the other end better than before.â€
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