Though it is said that art looks down up on money, money definitely can make art hot! After several days of the Asian Auction week opened on March 19, Chinese artworks broke the old records continuously, especially the Chinese contemporary art, which becomes the “favourite son” in the hearts of art collectors around the world. Now international medias pay close attention to Chinese contemporary artists and their artworks. New auction records have been set “Blooding Series: Three Comrades, 1994”, a spectacular work by Zhang Xiaogang, sold for $2,100,000，beating the highest price of Chinese contemporary artworks and also created the rare price appeared in recent years in Asian market. Painted in 1994, “Blooding Series: Three Comrades” portrayed three Chinese young people with “red sleeve emblem” on their shoulders. This is a masterwork titled by Chinese art critics as “enable to evoke the memories of group lives” of contemporary Chinese. But for the lake of appreciators before, the price of the work was just more than ten thousands dollars. In the auction week, Yue minjun’s artwork “Goldfish” fetched $1,300,000, followed by the “Five Point Star” of the young artist Leng Jun with the price of $1,200,000, all in excess of two or three times of the estimates.The interest of Chinese contemporary rose continuously, Henri, the representative of Sotheby’s Western and Asian Department, thought maybe the year of 2006 was a water-shed, from which, the Chinese contemporary art had been recognized by the world. And the price would rise shapely. Popularity of the artwork collection in the worldBasically, the rise of Chinese contemporary art price synchronizes with the situation of art market in the world. The data on the Basel Art Fair shows that from the year of 2006, the prices have increase by 41%, regarded as the highest-rose period of prices in the art market. An analysis of an European art magazine indicated that one reason for the popularity of contemporary artworks was the feature of “increase in value with mobility”. Mona Lisa maybe worth of a hundred million, but it always lies in the Louvre. However, the price of contemporary art is flexible by the creativity and reputation of the artist.The rise of the riches also account for the popularity of contemporary art collection. According to one president of an art foundation, the rich people form some rising countries such as China, India and Russia begin to collect contemporary artworks, expecting for the increase of the art price. Take China as an example, some millionaires from the south-west have changed the enthusiasm of investment from the real estate to contemporary art.The Chinese contemporary artworks are not bubbles“Collections are popular in golden ages”. Ten years ago, the collection of artworks is criticized as the“behavior of capitalism ”. Now, with the development of Chinese market economy, groups of rich people begin to notice the strange field. More and more art investors appear not only in auctions of the mainland of China, but also of Hong Kong, Tokyo, and New York.“Maybe we are lack of the real collectors in our market, because a lot of collectors in the mainland of China are not familiar with the art history. But it is not a bad thing.” Gu Weijie, the chief editor of “Arteast • Finance” explained: “Chinese contemporary maybe one of the fields that can be geared to international art.” Chinese contemporary artists and their expensive works are recognized by the world.Some one doubt whether the price has been over valuated. The answer is no. In Japan, the highest auction price for contemporary art reaches $3,000,000, in Korean, the highest price is more or less $2,500,000, and in India, the price has already surpassed $1,500,000, all indicate the large space for the rise of Chinese contemporary art. If there are bubbles hidden in the art collection field, for the market of lower price, we can say: “The hot wave just start.”