The China Post reflects on both the Shanghai Art Fair and ShContemporary which both were held earlier this month in China:
The 14th Shanghai Art Fair, held from Sept 8. to 12, at Shanghaimart, announced the total trade volume of this year’s fair rose to almost 70 million yuan (US$10.4 million), 40 percent higher than last year.
“China’s art market is picking up slowly after the bubble burst at the end of 2008,” said Mauro Malfatti, director of the International Division of BolognaFiere, organizer of ShContemporary.
The publication reports many complaints that China’s heavy taxation of imported art was a damper on sales at the fair.
China’s Art Market Still Has a Long Way to Go (The China Post)
