Art market jitters a bonus for collectors with a yen for bargains

By Corrie Perkin

‘… A nervous art market is preparing itself for the first round of auctions this year when nearly 500 works are presented over the next 10 days …

The good news for cashed-up buyers and public art institutions is that this is a great time to buy art. “I don’t usually get excited about stuff, but there are some bloody great pictures out there,” said Sydney art adviser David Hulme. “There are people out there who are interested in picking up a bargain, and who see art as being a tangible investment. They may have been burnt in other areas like the share market, but a painting is something they can hold on to and no one is going to take 50 per cent of it away.” … ‘

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