Word: beijingers
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After weeks of lying low in London, former Thai Prime Minister Thaksin Shinawatra is back in Asia as a private citizen following his Sept. 19 ouster by a military coup. So far he has been spotted riding horses in Beijing, shopping in Hong Kong and golfing in Bali. Where to...
Zhang Haoming looks like a million dollars. Or, more precisely, half a million, the amount he spent on a recent Saturday afternoon as he strolled around Beijing's funky 798 district, a series of crumbling redbrick factories that house the Chinese capital's largest concentration of art galleries. Appearing at...
If the incestuous, trend-conscious world of international art collectors and the hot money of the roughly 500 new millionaires that China's boom has thrown up come together, it could push prices for Chinese art to even more dizzying levels. "You are already seeing works that sold for a...
Such speculative interest could evaporate overnight if the market cools, of course. But that's where the non-Chinese buyers come in. The international contemporary-art market is highly cyclical--many would say current prices are at all-time highs--but there remains a core group of wealthy art collectors...
Skyrocketing prices have left galleries and dealers scrambling to keep up with the demand. Sotheby's held its first sale of purely Chinese contemporary art in New York City only last March. A dozen or so foreign galleries from New York, London and Hong Kong have opened branches in Beijing...