Chinese art bubble bursts? Or perhaps not…
A Zhang Xiaogang on auction in London missed its estimate by a large margin, perhaps the beginning of the end?
Flopped?
In other news, the IHT has a rampaging dragon of Chinese art roaring and a thundering ahead.
“First, Western art galleries turned east, moving into China to cash in on its booming contemporary art scene. Now, Chinese galleries are trekking west.
Seven Chinese galleries participated in the main fair of Art Basel and in its satellite events this year, showing some of the most spectacular works in Art Unlimited, the exhibition platform for large-scale projects, video installations and live performances aimed at the institutional art market.”