Asian Contemporary Art Market Gravitates Toward Hong Kong
Sotheby’s announced this week (pdf) that it will be consolidating its Asian Contemporary art auctions in Hong Kong next year. The news will not surprise anyone who saw the dramatic difference in results between the sales of Chinese Contemporary art in New York and Hong Kong last Spring. Hong Kong is clearly the center of market.
And Quick Way to Bone Up on Contemporary Chinese Art
Meanwhile, Bloomberg runs this interview with Karen Smith, author of the now-updated Nine Lives profiling nine of China’s most influential contemporary artists. Though Smith doesn’t seem to share the auction houses’ enthusiasm for price as a measure of artistic merit:Continue Reading