Make mine a Picasso — the billionaires rushing to buy art | Times2

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There is a high stakes game playing out in the art market. Throw at it what you will — a global pandemic, a war against Ukraine, sanctions on billionaires — and the auction houses will keep finding more and more expensive works to sell. The question is, how much higher can it go?

Newly minted crypto-millionaires and a post-Covid feelgood factor are helping to pump up prices, experts say, and it’s something that began to build steam last year. The recently published annual Art Market Report by Arts Economics showed that, in 2021, the industry even nudged ahead of its pre-pandemic total to turn over £50 billion. The good times have continued into the start of this year — even in London, where the art



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