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While the world lurches deeper into financial crisis, the art market goes from strength to strength. Will there be any end to its current boom?

By Ben Lewis   July 2008

I’ve been filming at the Basel art fair, where the contemporary art world has been celebrating the arrival of two new clients, both of whom circulated round the fair in its opening hours. There are few industries in which the addition of two customers would be considered a sign that a market was thriving, yet dealers positively clapped their hands and thanked God when Roman Abramovich and Sheikh Saud al-Thani, from the Qatari royal family, turned up at their booths in Switzerland. Suddenly the billions of losses on Wall Street, the collapse of the housing market and the second oil…

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