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Section II Reading Comprehension

Part A

Directions:

Read the following four texts. Answer the questions below each text by choosing

A,B,C, your answers on ANSWER SHEE1.(40 points)

Text1

The longest bull run in a century of art-market history ended on a dramatic note

with a sale of 56 works by Damien Hiret,Beautiful Inside My Hea Forever, at

Sotheby’s in London on September 15th but two pieces sold, fetching more than

£70m, a record for a sale by a single was a last the auctioneer called out

bids,in New York one of the oldest banks on Wall Street,Lehman Brother, filed for

bankruptcy.

The world art market had already been losing momentum for a while after rising

bewilderingly its peak in 2007 it was worth some ＄65billion,reckons Clare

McAndrew,founder of art Economics,a research firm—double the figure five earearlier. Sinc

then it may have come down to ＄50 the market enerates interest far beyond its

size because it brings together great wealth, enormous egos,greed, assion and controversy in a

way matched by few other industries.

In the weeks and months that followed ’s sale, spending of any sort became deeply

the art world that meant collectors stayed away from galleries and salerooms.

Sales of contemporary art fell by two—thirds, and in the most overheated sector,they were

down by nearly 90 ％ in the year to November

weeks the world’s two biggest auction houses,Sotheby’s and hristie’s,had to pay

out nearly ＄200m in guarantees to clients who had placed works for sale with them.

The current downturn in the art market is the worst since the Japanese stopped buying

Impressionist at the end of time experts reckon that prices are about 40％ down on

their peak on average, though some have been far more Edward Dolman,

Christe’s chief executive, says :“I’m pretty confident we’re at the bottom.”

What makes this slump different from the last,he says, is that there are still buyers in the

everyone who was interviewed for this special report said that the biggest

problem at the moment is not a lack of demand but a lack of good work to three Ds–

death,debt and divorce—still deliver work0s of art to the anyone who does not

have to sell is keeping away,waiting for confidence to return.

the first paragraph,Damien Hirst’s sale was referred to as “a last victory”because

_________.

[A]the art marker had witnessed a succession of victories

[B]the auctioneer finally got the two pieces at the highest bids

[C]Beautiful inside My Head Forever won over all masterpieces

[D]it was successfully made just before the world financial crisis

saying “spending of any sort became deeply unfashionable”(Line .3),the

author suggests that___

[A]collectors were no longer actively involved in art –market auctions

[B]peoele stopped every kind of spending and stayed away form galleries

[C]art collection as a fashion had lost its appeal to a great extent

[D]works of art in general had gone out of fashion so they were not worth buying

of the following statements is NOT ture?

[A]Sales of contemporary art fell dramatically from 2007 to 2008

[B]The art market surpassed many other industries in momentum.

[C]The art market generally went downward in various ways.

[D]Some art dealers were awaiting better chances to come.

three Ds mentioned in the last paragraph are___

[A]auction houses’ favorites

[B]contemporary trends

[C]factors promoting artwork circulation

[D] styles representing Imperssionists

most appropriate title for this text could be_____

[A]Fluctuation of Art prices

[B]Up-to-date Art Auctions

[C]Art Market in Decline

[D]Shifted Interest in Arts

Text2