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Zhang Daqian Outsells Picasso

Zhang Daqian (Chang Dai-chien), is one of China’s most famous painters, and also considered one of the world’s master forgers for his work copying classic paintings. In a sign of the power of the Chinese art market,...

A Battle to Become Art Capital of China

With Beijing’s National Art Museum of China (Namoc) planning to open a new building in Olympic park displaying its contemporary collection in 2017, and Hong Kong’s M+ museum slated to open the same year, The New York...

Hong Kong Clings to Separate Identity

Tensions between Hong Kong and the mainland have fluctuated, but with the recent proposed education curriculum change and other signs of hostility, relations with the mainland seem to be under more stress in recent months. As...

Almost Half of Chinese Auction Bids Unpaid

China is now the world’s largest art market. Yet, despite rules that full payment must be received within six months, many large bids made in China’s art auction houses last year remained unpaid when this time limit...

China Overtakes Britain in Art Market: Report

In yet another indication of the emerging clout of China’s wealthy class, the Chinese art and antique market has overtaken that of Britain to become the second largest in the world: “The Global Art Market in 2010:...

Chinese Art Prices Show Signs of Stabilizing

From New York Times: In May 2007, “The Sisters (Grand Family No. 7),” an oil painting by Zhang Xiaogang, sold for $1.16 million at Christie’s New York. Last month, it went under the hammer there again — this time for $722,500....

The Subtle Power of Zao Wou-Ki

The New York Times profiles artist Zao Wou-ki (Zhao Wuji 赵无极), in advance of two events in Hong Kong highlighting his work, an auction at Christie’s and an exhibit at Alisan Fine Arts: Even as the bubble in prices for...

Chinese Art: Tricks Of The Trade

Forbes takes a look at the collapse of the Chinese art market: Many saw this collapse coming. They should have seen the same thing coming in Chinese real estate and stocks (See “Shanghaied”), because each market...

As Chinese Art Market Crashes, Many Artists Applaud

The Christian Science Monitor reports on the rise and fall of the Chinese art market: The fastest-growing sector of a feverish international art market saw prices leap by multiples of ten or more. No longer. The global recession...

Sky-High Chinese Art Market Comes Back To Earth

The recession has deeply affected Chinese art market, causing a shrinkage of fifty percent. Galleries in Beijing also suffered from the dismal economy, via NPR.org: How much difference half a year makes. Last year, 11 of the...

China’s Art Market: Cold or Maybe Hibernating?

The Chinese contemporary art market, which so recently was enjoying skyrocketing prices and acclaim around the world, is now suffering as the global economic crisis hits personal pocketbooks. A New York Times article begins by...

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