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Sat 02 Feb 2010£65m bid puts art back on the market

A sale of a Giacometti sculpture has set a new record – is the ‘big money’ on its way back to art?

BY CHANCE, Damien Hirst’s phenomenally successful two-day sale of his work at Sotheby’s in London in September 2008 seemed to mark the end of a boom in the international art market until, against expectations, Sotheby’s London Impressionist and Modern Art sale last Wednesday managed to grab the attention of the international art world.

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