Speculators Buy In To Chinese Art

“In a rocketing economy where government owns the land but is curtailing rampant speculation with new regulations, art is the new real estate in China. But, longtime observers bemoan speculation, saying it artificially warps the prices, and even affects the form and quality of the art. Yet China offers a one-of-a kind, forward-racing, ever-morphing art scene, a heady stew stirred by artists, speculators, critics and curators. Buyers are also playing a role in molding the new faces of Chinese art.”