Tag Archives: auction houses

China’s Art Market: Boom or Bust?

NPR’s Morning Edition recently discussed China’s booming art market.  Some auction houses are raking in millions of dollars a month; however, it appears that many of the artworks sold are forgeries. This past June, a painting—supposedly by artist Xu Beihong, who died in 1953—sold at auction for $11 million (10+07).  But Zhang Yanhua, president of [...]

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