Is Asia's Red-Hot Art Market Heading for a Slowdown?

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The abandoned buffet table spoke to the allure of the art falling under the hammer next door. Drawn by paintings by modern Indonesian masters from art auctioneers Borobudur and Larasati, few bidders were distracted by glazed shrimp or sautéed beef. The Jan. 12 sale notched up a record $11.5 million in revenue, a new high for both Southeast Asian auction houses. Further evidence of the Asian art ...

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