Weak Dollar Sending Art Back Across The Atlantic

The American dollar’s slide against other currencies has apparently sparked a push by European art institutions to reacquire some of the countless works which had been bought up by American collectors over the decades. “The weak dollar offers European buyers some remarkable bargains. At Sotheby’s Old Masters sale in New York, a Botticelli sold for the equivalent of £246,000. Sources said Italians were particularly active buyers. Italy having produced so much good art, there are plenty of works for Italians to repatriate.”