Berger: ‘New Tier Of Collectors Has Stabilized The Market’

“Roland Berger, founder and chairman of the German management consultancy that bears his name, expects the art market to ride out the current financial turmoil as wealthy Russians, Indians and Chinese buoy sales. … ‘A new tier of collectors has stabilized the market. Just because the financial markets collapse today doesn’t mean art prices will drop tomorrow — at least not for good-quality art.'”