Chinese artists

From Ordinary to Art: Long-Bin Chen

Filed under: Art

When viewed from a distance, the striking Buddhas of New-York based Taiwanese artist, Long-Bin Chen, look like marble or wood sculpture. They have stony expressions, but they are soft and so pliable you can actually flip through them. Award-winning Chen joins other artists like Vik Muniz who would agree that "one man's trash is another man's treasure." Muniz assembles his leftovers, creates a painting, photographs his work, and then destroys the original. Chen assembles but doesn't discard. He uses primarily trashed paper for sculpture believing that nothing should go to waste--- not out-of-print phone books, magazines, newspapers, or computer printouts.

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Chinese Contemporary Art Staging Comeback

by Tom Johansmeyer (RSS feed) —

Filed under: Auctions, Art

Seven lots fetched more than $1 million at the last Sotheby's auctions in Hong Kong, led by Liu Ye's acrylic and oil "Bright Road," which sold for more than $2.5 million. This was the top take for a Chinese contemporary artist in two years, indicating that Chinese art is on its way back to levels we haven't seen since the financial crisis. Last year, similar pieces were moving for only a third of this year's pricing.

According to Eric Huang, an art dealer based in Taipei, "Demand for the best Chinese contemporary artworks is back." Huang continued in his interview with Bloomberg News, "Don't be surprised to see prices match or even beat pre-crisis levels very soon."

Chinese contemporary art prices plunged 70 percent from May 2008 highs, due in large part to the financial catastrophe that rocked every financial center around the world. Already, the Sotheby's action has been good for HK$316.8 million and another HK$50 million from its wine auction.

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Tags: china, chinese, chinese art, Chinese artists, chinese arts, contemporary art, financial crisis, Sotheby, sothebys

Christie's Hong Kong: One Bidder, $146 Million In One Year

by Tom Johansmeyer (RSS feed) —

Filed under: Auctions, Art

One bidder spent more than $146 million this year and dropped a boatload of cash at the Christie's Hong Kong art auction on Monday, pushing prices higher and smashing records. Wang Wei, with her husband, investor Liu Yiqian, ranks 176th among the wealthiest in China, with a net worth of $740 million ... and she wouldn't say how much she's spent on art this year.

Wang waved Paddle 960 aggressively on Monday, sometimes tossing bids up HK$1 million at a time to distance herself from competitors for particular pieces. A few times, she didn't bother lowering her paddle, instead just holding it up until her rivals quit.

At Sotheby's Hong Kong in October, Wang's husband shelled out $11 million for a Qing Dynasty imperial throne, complete with carved dragons, setting a record. And, this month, he payd $25 million for a Ming Dynasty scroll by Wu Bin at Beijing's Poly auction -- it was the most paid for a Chinese painting.

At Monday's Christie's sale, HK$126.7 million in art sold, and the house wouldn't reveal how much of it went to Wang. Speaking for herself, the collector reveals why she made the purchases she did. According to Bloomberg News: "I just bought those for fun."

[Photo courtesy of Christie's]

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