A New Wave for Japanese Art
It all seems like a distant memory now, but back in the late 1980s, Japan was the center of gravity in the international art market. Cash-flush corporations and real estate moguls snapped up trophy works by Vincent Van Gogh and Picasso for then-huge sums. Then, as the 1990s arrived, it all ended in tears with the end of Japan's fabled "bubble economy." Japanese art collectors were more likely to be frantic sellers than sophisticated buyers.
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