Six Art-Market Trends to Watch in China's Fall Auction Season

"Beijing’s fall auction season opened last week, and it has already confirmed the pattern set at Sotheby’s in Hong Kong last month of a cooler-headed market which, in the face of financial turmoil abroad and a credit crunch at home, is forsaking risk for quality. Unproven contemporary names were shunned in Beijing and even established artists failed where offerings were mediocre or reserves were unrealistic. Buyers prepared to spend were drawn — as in Hong Kong — to Chinese modern masters, antiquities, and artistic works of iron-clad provenance."  [Read Full Article]

Published by:  Artinfo
On:  11/23/11
Website:  http://artinfo.com

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