“The US dollar’s decline has boosted the US art market, with collectors increasingly inclined to buy at the big New York auctions where they can pick up pieces more cheaply… Because of the strong euro, works from European collections that would normally fuel the US market are now more costly for a New York investor. On top of this, insurance costs have rocketed. Both factors are tending to choke off the transfer of artworks to the US, although demand there remains strong.”