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From: art news
Date: 30 Jun 2010
Time: 10:29:06 -0500
http://www.artinfo.com/news/story/35076/phillips-suffers-a-brutal-contemporary-art-sale-with-nearly-half-of-its-lots-failing/?page=1 most (99%) artists are not very good, therefore the market in contemporary is highly speculative, like trying to find a needle in a haystack.