A sudden jump in the Asian art market is rapidly inflating prices for works that used to be bargains. “These sales have been dominated by Asian and, specifically, Chinese buyers, who believe that if a Picasso can sell for $100 million, then the best Chinese artists of the 20th century should be worth much more than they currently are.” But those bidding up Asian art are no longer confined to the Far East – recent sales in New York and an upcoming one in London are proving that Western collectors are as high as anyone on the new popularity of Asian works.