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’Fear Factor’ From Stock Turmoil Sparks Deal Hunt in Art Market

As the stock market gyrated sharply in recent weeks, New York art dealer Asher Edelman began receiving calls from clients asking to sell works they owned by major 20th-century artists, including Pablo Picasso, Roy Lichtenstein and Robert Rauschenberg.

And the sellers -- collectors, investors and other dealers -- were willing to take about 20 percent less than they would have only a couple of weeks earlier, Edelman said.