tag:blogger.com,1999:blog-396365720632389669.post6580666469061607810..comments2023-11-02T04:14:55.473-04:00Comments on Appraiser Workshops: Chinese Art Market in DeclineTodd W. Sigety, ISA CAPPhttp://www.blogger.com/profile/16506335565752638402noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-396365720632389669.post-51158265516314538612013-12-20T13:10:13.058-05:002013-12-20T13:10:13.058-05:00The WSJ article is an interesting one and I have a...The WSJ article is an interesting one and I have a lot of respect for the reporters there, but I would urge those who are interested to balance this article with the series of three articles on this subject that have run recently in the NY Times. What has happened in China is fairly chaotic, but the entire auction industry there is less than twenty years old, as is the Chinese Government's understanding of how they might think to regulate that industry. Auctions outside China have a far longer history, and still are evolving.<br /><br />In speaking of the "Chinese Art Market" I would gently suggest that the sales inside the Peoples Republic of China are an important part of that overall market, but the auctions in the US, Hong Kong and Europe are equally important. The account of questionable results and reports from auctions suggest that the auction industry in China is keenly interested in portraying themselves as the central marketplace for such material. As can sometimes happen, their enthusiasm may have gotten the better of them. Give them a few more years and those growing pains will very likely be resolved. but while that segment of the market for Chinese art is thrashing around a bit, I think a view of the broader market would suggest a greater degree of continuity than the WSJ article seemed to suggest. A visit to an important Asian Art auction in New York could clarify that point.Arthur Leepernoreply@blogger.com