Today's art markets are a paradise for bargain hunters

Now is an ideal time for collectors to go shopping at the art auctions. 

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Tamara de Lempicka's Pink Tunic sold for $13.4m

All eyes were on New York earlier this month for its week-long series of contemporary and modern art sales. The sales are a highlight in the auction calendar, when a reading for the health of the art market is taken. The verdict this year seems to have been "not great, but not terrible either".

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