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Originally Posted by
Simon Garrett
Forgive me, but in terms of colour space I think it's the other way round. Wide gamut monitors can natively display a gamut of typically around Adobe RGB, and through emulation some can display sRGB. Emulation of sRGB by modern wide gamut monitors is quite good, and pretty awful in older ones like my HP LP2475w. My monitor offers only an 8-bit interface to an 8-bit panel, but its native colour space is slightly larger than Adobe RGB.
What you see from a colour-managed application to a profiled and calibrated monitor (of whatever colour space) is a conversion of the image from application working space to monitor colour space. That's what colour management to a monitor does.
However, as you say most monitors out there are 6 or 8 bit with a colour space that approximates to sRGB.