Simon de Pury Art Market from Strength to Strength

Simon de Pury, chairman of the Phillips de Pury auction house, isn’t worried about the recession dampening his art sales.
The art market will only go “from strength to strength", even if the economy slips for a little while.
Why?
The market has become broader and more international as the wealthy of China, Russia and the Persian Gulf scour the galleries of New York and London, and the supply, de Pury says, is endlessly regenerative. As collectors snap up today’s gems, there will be less and less of them to go around, so new artists will fill the vacuum and their works will be snapped up, too. Art has become, in de Pury’s vision, a truly renewable resource.
[from bigthink blog]
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