Is Art’s New Silk Road a One-Way Street? In this four-part series, we look first at the rise and evolution of China’s art market over the past four decades; next, at ways in which Chinese collectors may now be reinforcing market dynamics that reduce sales for Western and Chinese artists; and third at possible strategies […]
When Chinese collectors and dealers began buying Western art in the late 90s, they confronted a market dominated by an oligopoly of auction houses and dealers that were concentrated in New York and London. Twenty years later, not much has changed.
In November 2015, Chinese collector Liu Yiqian spent $170.4 million, the second-largest amount ever spent on an artwork bought at auction, on the purchase of Nu Couché by Italian painter Amodeo Modigliani. People like him are driving the attention of both the media and the world’s biggest auction houses toward China. But the nation’s art scene is also flourishing domestically as Chinese artists gain international acclaim and both galleries and museums open all over the country—China has seen over 100 new museums a year every year since 2008. Eventually, the burgeoning Chinese art market means serious money, and also an incredibly richer cultural scene.
The rise of indie music in China, and how China’s musical talent navigates piracy and red tape. It’s around 11:00pm on Friday night at Yuyintang, one of Shanghai’s main live music scenes, and an appreciative crowd of a few dozen Chinese and foreigners cheer as Duck Fight Goose finishes its last act, a compelling blend […]
While clear signs show the cooling down of real estate transactions and the widely swinging Chinese domestic stock market, passion for investing in Chinese art shows no sign of fading. Both Chinese artworks and Chinese buyers are creating an upsurge in the domestic and international art auction market. ARTRON, China’s largest online art publishing house, […]