The stock market knows all about Brics. Now the auction world is getting in on the action. “Bric” is  financial shorthand for funds invested in Brazil, Russia, India, and China. Now Phillips de Pury is staging the first auction devoted exclusively to contemporary artists of those four countries on April 23-24, 2010, in London. Also for the first time, Saatchi is turning over its entire gallery to exhibit and host the Bric sales. Described as artistic works coming out of “incredibly rich cultures,” the auction highlights the fact that these same countries are emerging as major economic forces in the global economy. Phillips is emerging as a sales force staging “themed” auctions such as the Bric venture.
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