User: Brian Ripley: China Economy: Picture

Now another reversal is underway even as headlines trumpet new highs on selected pieces of art: "Christie's racks up $745m in one night (a record) and the bubble keeps inflating" The auction is replacing the gallery as an expedient method to monetize art. "Rental fees for Canadian art is a tax deductible business expense and the purchase of Canadian art can be a depreciable asset." More at www.chpc.biz