Wired Magazine in the UK thinks Chinese Contemporary art is a better investment than Private Equity. To get some guidance, however, they went to Amsterdam to consult with Roman Kraeussl, VU University’s emerging art market expert:
“The newly rich in Asia have no cultural background, they didn’t study philosophy or art history, but they have to distinguish themselves from the other newly rich,” continues Kraeussl. “How do they do this? With art.” […] Kraeussl says that artists who left China after Tiananmen Square, but who have since returned, are the most bankable. “They still care about their country; they learnt in the US how to really paint and create; and in their work they have situations from Chinese culture [….]”
Keith Wallace, editor of contemporary Chinese art journal Yishu, says, “The recession in 2008 opened up a space for a younger generation to emerge.”
How to Buy Chinese Art (Wired)
