The modern art market

By Hamish Keith In Cultural Curmudgeon

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10th November, 2012
Buying and selling art seems a swashbuckling kind of a business. It certainly has a long and colourful history, with its share of dodgy dealers and breathtaking deals. New Zealand has had its moments, too, clearly shown by the recent discovery that a Gottfried Lindauer portrait of a Tainui chief, bought by Trust Waikato for $120,000, is a fake. In this retail market, the motto caveat emptor ought to be rigorously applied. The marketing of art can sometimes be a rowdy mix of taste, fashion and vigorous manipulation in which the difference between price and value is easily confused. There ...

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