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Presently the middle to upper range of the art auction market is being dominated by collectors rather than dealers. Dealers have been living off of their inventory for the past 12 months; more buyers have been retail. Uncertainty in the marketplace is the cause for this short term market change. Certainty is unlikely to return until pending major legislation (Health Care, Cap & Trade, new taxes, extension/contraction of inheritance taxes, etc.) has been resolved. The discretionary economies (art being one of many) will probably not improve until business becomes accustomed to the weight of government interference. If pending legislation is approved, there will likely be a long negative lag period before the business psyche accepts new terms. Marginally surviving art dealers, ones nearing retirement, and ones disgusted with government meddling will likely throw in their towels.