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...dressed as a merry Roman Catholic Pope sold for $4.28 million in London. That record was shattered last month when Execution, a work depicting maniacally grinning figures in a Tiananmen Square-like setting, netted nearly $6 million in another London sale. Riffing on Deng Xiaoping's maxim "To get rich is glorious," Yue's paintings capture China's exuberant love affair with consumerism. But even as he also satirizes his countrymen's headlong race to make money, the native of Daqing, a grim oil town in China's northeast, doesn't view his shiny new millionaire status with much irony...

Author: /time Magazine | Title: The Color Of Money | 11/1/2007 | See Source »

...that of a rising continent intent on recapturing its former glory. The Chinese dragon wakes, mother India rises. Even little tiger Vietnam is finding its roar. Outsiders looking to ride this remarkable wave have invested heavily in prosaic sectors like real estate or manufacturing, but now the region's rich contemporary-art scene is also beckoning. "Wherever the economy booms, art booms," says Ganieve Grewal, the Mumbai-based representative for Christie's, which has seen its annual sales of Indian contemporary art in New York City double between 2003 and last year...

Author: /time Magazine | Title: The Color Of Money | 11/1/2007 | See Source »

...arbiters of Asian art didn't always reward such experimentalism. In the great art academies of India, China and Vietnam, technical skill and an ability to reference the region's rich cultural heritage outweighed social commentary or renegade brush strokes. For centuries, Chinese students spent their school years laboriously copying the ink landscapes of ancient masters. The same held true in India, where artistic merit often was equated either with an ability to reproduce themes from religious epics or mimic the miniaturist details of the Mughals. In Vietnam, the 20th century's most promising painters attended the École...

Author: /time Magazine | Title: The Color Of Money | 11/1/2007 | See Source »

...million residents, now has an annual budget of $1.2 billion and is in possession of most of Sudan's oil reserves. Foreign investors are clamoring to get in. But oil is both promise and danger; Khartoum may not be willing to release its grip on such a resource-rich region. A few weeks ago, Juba's representatives walked out of the national coalition government over the issue of the control of shared oil revenues. While talks are continuing, there are fears of a renewal...

Author: /time Magazine | Title: Where Sudan Is Booming | 10/31/2007 | See Source »

...Sudanese officials say that they are not involved in either the production or marketing of the oil, much less the calculation of how much their share of the petroleum pie should be. (Oil accounts for 95% of Juba's income.) Equally problematic is the ownership of Abyei, an oil-rich region caught between the north and south...

Author: /time Magazine | Title: Where Sudan Is Booming | 10/31/2007 | See Source »

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