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Page last updated at 06:42 GMT, Wednesday, 29 September 2010 07:42 UK

'Confidence seeping' into the luxury market


Adam Shaw in a Jaguar

The auction house Christies recently sold a Picasso for £34.8 million, the second highest amount ever for an auction in London.

Adam Shaw went to Knightsbridge in London to see if the luxury market is experiencing a renaissance and discusses the issue with the social commentator Peter York.

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