China
Wealth, power and creative energy are shifting inexorably from West to East.
We stand at the threshold of a tectonic shift; a long boom cycle in the demand for Chinese contemporary art. In spite of ample evidence, this realization hasn’t gained traction in the Western art world. The difficulty today, to quote John Maynard Keynes, lies not so much in developing new ideas as in escaping from old ones.
China is now the second largest art market in the world. According to the European Fine Art Foundation study “The Global Art Market in 2010,” China scores a global market share of 23%, compared to 34% for the United States and 22% for Britain. Barely a week after their release, Artprice re-crunched the numbers - filtering out results from the ‘opaque’ gallery market - and crowned China number one.
Regardless of which interpretation we accept, there has been an easterly paradigm shift in the international art world since the beginning of the economic crisis in 2008.
Our advocacy of Chinese contemporary art began in 1997 and since 2010 we have focused exclusively on the Chinese art market.
The most rewarding experiences in the art word come at the turning points in history. We are at a moment when the pendulum of history has swung to the east and this shift offers extraordinary opportunities - emotional, experiential and cultural - to those of us who are open to them.
