Month: January 2013

“China’s Broken Art Market”

“China’s Broken Art Market”

by Felix Salmon via “Reuters“

“When 2011 came to an end, the dominance of Chinese artists in the international league tables was clear, if puzzling. Three of the top five artists, in terms of sales, and both of the top two, were Chinese; Zhang Daqian alone managed to gross more than half a billion dollars at auction that year, the first time any artist had come anywhere near that level.

But no one knew what was really going on. One theory — which the peddlers of . . . “