Giant Robot Store and GR2 News

  The vase went for 83 Million dollars. But it’s unpaid. The auction houses have reported great numbers for objects of late. Especially with Chinese buyers, the art market in Asia exploded in 2010 and 2011. Yet all of the great numbers weren’t real. A Chinese scroll sold sold for 22 million Euros which is higher in US dollars, but that too is unpaid. These headline items made huge news, but months and months later, you don’t hear that the items never changed hands and will most likely go back to auction and be sold for much less. (SF Gate – Auctions)
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It’s amazing how fast news changes. From being a super power doing crazy building, going to space, then making neighborhoods just to spend money, China’s economy is showing signs of slowing? This has to be coming. It’s early in the game, but eventually, like all super powers, a recession will hit. It’s a land that’s as gigantic and many times the size of the US and most nations sans India, the divide between the wealthy and the poor are huge, and eventually when the rich can’t hold the economic model up, the difficulties magnify. Then again, don’t believe it, it’s just some stats. (NY Times – China Economy Slowing)
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