The deal of the decade is in play as potential suitors for the 60,000 strong collection of the troubled Detroit Institute of Art start to make offers. The Chinese clearly want the Chinese part of the collection and have made 2 offers through the little known Yuan Capital of Hong Kong and the Beijing based
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It has been rumoured for a few years that the astronomic growth rate attributed to the Chinese art market was exaggerated.  Western buyers who tried to participate in auctions on the Chinese mainland said it was difficult and that there was no clarity on what was going on or the final price achieved.  Western journalists
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