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Technology stocks have taken a deep dive, blue-chip stocks are ailing, stablecoins aren’t stable and don’t even ask about traditional crypto. Art markets, however, are alive and well — and it’s worth asking why.

Recently an Andy Warhol painting sold at auction for $195m (about R3bn), the highest price ever for a 20th-century artwork. A dance hall-themed painting by Ernie Barnes went for $15.3m (about R240m), 76 times the original estimate. The Macklowe collection sold at Sotheby’s for $246.1m (about R4bn), the most ever for a single collection….Click here to read full article

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