Chinese Painting’s Long March – Ian Driscoll

A Financial Times article (from earlier this month) looks at the finances of collecting contemporary Chinese and the good fortune of those who began buying before it became an international phenomenon:

If you view art as an asset class – and many people do – Chinese contemporary painting must rank alongside the most alpha-maximising investments of the past several years. For those with early-mover advantage, the returns have been staggering. Using current auction prices as a yardstick, some collectors’ paintings have appreciated at a compound annual return of about 125 per cent over the past seven years.

It wasn’t like this a few years ago. [Full Text]

June 25, 2007, 8:22 PM
Posted By: