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As art markets draw increased attention with record-setting auction prices, wealthy individuals and families are increasingly turning to valuable collections of paintings, sculptures and other classes of fine art for investment diversification as well as aesthetic enjoyment. Christie’s reported 2014 sales of art and collectibles of $7.7 billion, the highest auction house figure in the history of the art market, once again shined a spotlight on art collections as a dynamic asset class. 

[Related: Is it real? How to ascertain the authenticity of art]

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