Although the art market remained robust this past year, there has been a marked shift in the global landscape. According to the 2016 Art Market Report, produced by Dublin-based economist Clare McAndrew and released under the aegis of the European Fine Art Foundation (TEFAF), there was a 7 percent decline in sales worldwide, from $68.2 billion in 2014 to $63.8 billion in 2015, with much of that decline coming as a result of a contraction in the Chinese economy.
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