"Chinese Art Is as Hot in the East as It Is in the West " Report - New York Times SHANGHAI, Nov. 28 — With prices for Chinese contemporary art soaring, Christie’s opened its week of art auctions in Hong Kong by realizing a record-breaking $67.9 million in its sales of Asian contemporary and Chinese 20th-century art.

The wild, wild world of the Chinese contemporary-art market

What's worse for artists, communism or capitalism?

In China’s New Revolution, Art Greets Capitalism ...Are such prices justified? Uli Sigg, the former Swiss ambassador to China and perhaps the largest collector of Chinese contemporary art with more than 1,500 pieces, calls the market frothy but not finished. “I don’t see anything at the moment that will stop the rise in prices,” he said. “More and more people are flocking to the market.” Mr. Goedhuis insists that this is the beginning of an even bigger boom in Chinese contemporary…

Its a good time to be doing business in China particularly if your business is art. While the financial crisis may be inhibiting creativity throughout the rest of the world China is a place where young contemporary artists can thrive. China is now home to almost half of the worlds 100 top-e

Rapid changes in society, driven by a thriving economy, have fueled creativity and strong high-end demand.China is now home to almost half of the world's 100 top-earning contemporary artists.