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Hong Kong Art Auction: A Year after the Crash {Luxist}
Oct 6th 2009 10:02AM Looks like they took in nearly USD$15 million, Chinese contemporary artists did exceptionally well. Yue Minjun sold for $823,000 ($372,000 over hi estimate), Zhang Xiaogang went for $1.1 million ($405,000 over hi estimate), Liu Ye, Zeng Fanzhi, Huang Yongping all went far beyond estimates.
Buyers from mainland China are seriously changing the game over there.
Spring Art Auction Sales, When Picasso Is Not Enough {Luxist}
May 10th 2009 8:44PM Very good observations in this article. I've seen others saying that the more cautious attitude of buyers indicates that the market is in for a pretty bleak season, but I don't think that's true at all. The global economy's pretty rough, hence people are spending a bit more wisely, even at auction. But quality art will always sell, no matter what. After these auctions, I'm looking forward to the HK auctions later this month. Will be interesting to see how the HK/China buyers' habits correspond to this week's sales.
