Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

A Chinese Collector Goes Cutting Edge Contemporary

September 7, 2011 by Marion Maneker

Jeffrey Deitch stands out in today’s New York Times story re-hashing the idea that Chinese buyers are now an important part of the international art market. The Times repeats the thin rumor that the Brody Picasso was bought by someone from Asia as part of its evidence. But Deitch fingers the real issue:

“It’s always individuals — it’s not ‘the Chinese,’ ” he said. “It’s important to understand who you’re talking about.”

So what are those individuals after? Robin Pogrebin actually gets an interesting answer from one buyer who clearly is buying the next wave of Contemporary artists gaining value with each market cycle:

Lawrence Chu, the hedge fund manager, said he collected Western artists like Toby Ziegler, Mark Bradford and Dana Schutz — as well as Asian art — because “the artists are more developed.”

China’s New Cultural Revolution: A Surge in Art Collecting (NY Times)

More from Art Market Monitor

  • New Global Elite: Victor PinchukNew Global Elite: Victor Pinchuk
  • Asset Art Leads to Lower But Steadier Returns, Mei MosesAsset Art Leads to Lower But Steadier Returns, Mei Moses
  • Poussin's OrdinationPoussin's Ordination
  • Franz West
  • Saving GrafittiSaving Grafitti
  • Sotheby's Russian Paintings (London) £10.5mSotheby's Russian Paintings (London) £10.5m

Filed Under: Collectors, Emerging Markets

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor