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does this include private sales? see
http://seekingalpha.com/instablog/660-mi ck-weinstein/4843-contemporary-art-sales -during-recession
I know the point of the graph is to be a birds-eye view of the NYC art marketplace, but several New York art developments have been pretty exciting. Last Thursday at the Christie’s sale in NY, the record lot sold was a piece by the contemporary Chinese artist Zhang Xiaogang, which sold for over $700K, in a western artist-focused show. That’s a pretty big development, and this and other sales of big Chinese artists like Zeng Fangzhi at the Phillips sale last week in NY indicate that the city’s art dynamics (and buyers’ habits) are a bit more fluid than single graphs show.