London cashing in on contemporary art boom
Published September 28th, 2006
A top London gallery owner and international auctioneers on Wednesday announced plans to cash in on the booming contemporary art market ahead of an annual fair that attracts hundreds of collectors to the city.
Jay Jopling, one of the world’s leading gallerists who works with contemporary art stars like Damien Hirst and Tracey Emin, opened a new gallery in central London, expressing confidence that the demand was there to justify the move.
“Many more people are buying art than they were 10 years ago,” he told reporters at the modernist White Cube Mason’s Yard gallery in the upmarket St. James area.
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