Dutch art fair organiser Tefaf last valued the global art market at US$45 billion (S$60 billion) in the 2017 Tefaf Art Market Report. In the contemporary art market, just 25 artists accounted for nearly half of public auction sales, reported artnet. This has been called a "winner takes all market" as a disproportionate amount of money is concentrated in a small number of pieces. Here are three pieces in the world of art and antiques which have fetched eye-watering sums.
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