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04/16/2008 - The Rise of Emerging Artists in Indonesia
The work of little-known Indonesian artists did extraordinarily well at a recent auction in Jakarta. Economic growth in Indonesia was very strong in 2007, the strongest in fact in eleven years. As has been the experience around the world, economic prosperity has caused a surge in interest in Contemporary Art, particularly of one's own country. Prices for most of the nation's artists still lag their enormously popular brethren in India and China.
Sales topping pre-sale estimates
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