'We've Seen A Very Strong Demand In The Art Market,' Art Auction Sales Projected To Jump 50% This Year

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Early reports from this week's New York fall art auctions show that experts’ sales totals predictions will be far surpassed.

Sales were expected to hit $1.4 billion, CNBC reported last week, citing art experts. That number would have marked a 50% increase from last year's sales totals and put an end to three years of market declines.