Ferocious demand for Chinese artworks at Fine Art Asia

  • A Huanghuali Yoke Back Armchair Ming Dynasty, 17th Century L.  58 x D.45 x H.  120 cm.  Andy Hei Ltd (Hong Kong)

    A Huanghuali Yoke Back Armchair Ming Dynasty, 17th Century L. 58 x D.45 x H. 120 cm. Andy Hei Ltd (Hong Kong)

    Fine Art Fair

The Fine Art Asia fair at the Hong Kong Convention Centre wrapped last week with strong sales concurrent with the record-breaking Sotheby's auctions. Dealers who exhibited Asian antiques are now faced with an inventory dilemna---a supply shortage---while dealers in Western art, who offered up big names like Marc Chagall and Andy Warhol, wondered where the mainland Chinese buyers were that they anticipated.

“This Chinese appetite for Chinese art is totally unprecedented,” London-based Michael Goedhuis, who specializes in Chinese art, told the Wall Street Journal. “It’s remorseless, relentless — nothing is stopping them from buying. Nothing.”

About 18,000 visitors from around the world attended the fair which showcased 5,000 works of art and sold HK$320 million (US$41.26 million) in art and antiques, a sum 40% higher than last year.

More News Feed Headlines

Southern California Coast by George Symons (1861-1930) Oil on canvas – 40 x 50 inches.  The Irvine Museum Collection at the University of California, Irvine

ARTFIXdaily Closed March 18 to 22

  • March 17, 2019 22:17

ARTFIXdaily is closed this week for maintenance. E-newsletter service will resume on March 25. ...

Read More

University of Arizona Museum of Art in Tuscon will once again display de Kooning's Woman-Ochre after a restoration and exhibit at the Getty.  The painting was stolen in 1985, and found in 2017 at an estate sale.

This Week: A Stolen-Found De Kooning Resurfaces, and Police Fool Thieves With Fake Brueghel

  • March 14, 2019 12:23

Willem de Kooning's 'Woman-Ochre,' recently rediscovered in an estate sale after being stolen ...

Read More

Silicon Valley Plans to Erect a Monument to Itself

  • March 11, 2019 22:24

Silicon Valley has a new initiative underway for a landmark that speaks to the tech hub's ...

Read More

Will Barnet, Self-Portrait, 1981, was part of the exhibition "Will Barnet at 100" – the artist’s first New York museum retrospective – at the National Academy Museum on Sept.  16-Dec.  31, 2011.  Barnet received a 2011 National Medal of Arts on Feb.  13, 2012

Another Year Passes Without National Medal of Arts Awards

  • March 05, 2019 22:18

The White House's prestigious annual recognition of American artists, the National Medal of Arts ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire