chinese art exhibit

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.

Tags: asian art, china, chinese art, chinese art exhibit, Chinese artists, chinese arts, long-bin chen, recycled art, sculpture, upcycled art

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Presale Estimates Thrashed at Sotheby's Hong Kong

by Tom Johansmeyer (RSS feed) —

Filed under: Auctions, Art

What a difference a year makes!

Buyers brought their wallets to the Sotheby's auction in Hong Kong Monday, shelling out plenty of cash for pieces by Chinese masters. Sanyu's "Lotus et Poissons Rouge" fetched $4.7 million – beating the presale estimate soundly. But, the price was still considered low for Sanyu. In fact, the success of the auction is tainted by the fact that estimates aren't reflective of past sales levels. A painting by abstract artist Zao Wou-ki pulled in $2 million for the house.

Of course, there was plenty of optimism, fostered by both the performance relative to estimates and a burning desire to be out of the art market slump. Hua Yuzhou, who owns a gallery in Shanghai, says in Bloomberg News, "Give it a few months and these pieces may run beyond our reach again."

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Arteamericas Results: Shorter Distance to Crash

by Tom Johansmeyer (RSS feed) —

Filed under: Art

When you're close to the floor, you don't have far to fall.

That was the sentiment at the seventh Arteamericas event, which ran from March 27 – 30 at the Miami Beach Convention Center. This year, the fair drew 52 exhibitors, down from 70 last year. Collectors and dealers alike see this as positive in a generally harsh art market.

The Latin American art space, which is the focus of Arteamericas, did not grow as aggressively as the Chinese art sector, which has protected collectors. Since prices did not rise to absurd proportions (by art market standards, at least), the art crash of 2008 and 2009 won't impact these collectors as severely. Sitting on the panel, "Latin American Art in Today's Global and Local Art Markets," Vivian Pfeiffer, a regional director for Christie's in South Florida, said, "We don't have that much distance to crash." Further, collectors of Latin American art tend to be unwilling to sell their holdings even when times are tough.

The largest sale at the event was the 1945 painting Sorcerer, by René Portocarrero of Cuba. It fetched $135,000 on the first night of the event. Another Portocarrero, Woman with Birds (1982) sold for $40,000.

[Photo: "The Smoker" by Julio Aguilera"]

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Tags: art, art market, artist, ArtMarket, artwork, chinese art, chinese art exhibit, chinese arts, ChineseArt, ChineseArtExhibit, ChineseArts, christies, cuba, florida, latin america, latin american, LatinAmerica, LatinAmerican, miami