Turkish Contemporary Art Market Booming

Bullet Shih Feb, 2012 0
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Turkish artist Devrim Ebril courtesy of Cuadro Fine Art Gallery

CNN is reporting booming growth in the Turkish contemporary art market with record prices at auction and large number of new galleries. The report credits a stable and strong economy that is attracting local Turkish buyers. However, when auctioneer Ali Ulukaya was asked whether buyers are purchasing art because they love art or because they see it as an investment, he answered that the purchases were definitely for investment purposes.

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