Bright young artists share how they splashed the cash after the price of their work rocketed... only for their careers to take a sudden and unpleasant turn
A number of young artists have revealed how a sudden surge in their work's market value, followed by a dramtic, slump has led them to suffer dramatic setbacks. The art market has been experiencing a downturn in the last few years, with the slump particularly hitting young artists. During the pandemic, a boom pushed by the belief in quick returns caused collectors to spend $712 million on works by artists born after 1974.
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