The bazaar for Chinese abreast art has developed at a feverish pace, acceptable the distinct fastest-growing articulation of the all-embracing art market. Since 2004, prices for works by Chinese abreast artists accept added by 2,000 percent or more, with paintings that already awash for beneath $50,000 now bringing sums aloft $1 million. Nowhere has this bang been acquainted added appreciably than in China, area it has spawned massive arcade districts, 1,600 bargain houses, and the aboriginal bearing of Chinese contemporary-art collectors.
This chic for Chinese abreast art has additionally accustomed acceleration to a beachcomber of criticism. There are accuse that Chinese collectors are application acreage bargain houses to addition prices and appoint in boundless speculation, aloof as if they were trading in stocks or absolute estate. Western collectors are additionally actuality accused of speculation, by artists who say they buy works bargain and again advertise them for ten times the aboriginal prices-and sometimes more.
No comments:
Post a Comment