Sotheby’s Bets on a Windfall for Today’s Chinese Art – Carol Vogel

From the New York Times (link):

29Auct Ca2184Though still in its infancy, the appetite for contemporary Chinese is booming in Europe and Asia. Betting that the trend is fast moving West, Sotheby’s has put together a sale that includes some of China’s hottest names. The auction house has timed it to coincide with Asia Week, the annual round of sales and exhibitions that draw dealers and collectors from across the globe to New York each spring…

Michael Goedhuis, a dealer with galleries in London and New York who was an early pioneer in the field, was studying the offerings at Sotheby’s the first day the art went on view. He called the sale “inevitable.”

“The market is fragmented, erratic, immature and deeply international,” he said. “Suddenly everyone is pouncing on Chinese art realizing that China is the dominant reality for the rest of history.”


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