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Funds Jump into Guangdong Contemporary Art Opportunity or Trap

2007-06-23 16:14:15 Luo Lei

In recent two years, the development of Chinese art market becomes unpredictable, especially the contemporary art. Some collectors wait for the great ones, some begin to create new topics in this field. In the change, the contemporary art of Guangdou begin to attract the attentions of Northern collectors, galleries and institutions.Funds in the North take notice of the contemporary art in GuangdongLast year, more and more galleries from Beijing and Shanghai began to explore Guangdou contemporary art, this trend also attracted some big auction houses such as Huachen Auctions and Jiacheng Auctions to invite local artist. No matter investors, auction organizers or curators, people all show their interest in potential young and middle aged contemporary artists. Is it an opportunity or a trap?Auction Houses and GalleriesThe representatives of Auction houses considered that the involvement offunds to Guangdong contemporary art was not good. For this market, most funds are speculations, what’s more, it is so early for Guangdong art market to receive so much money. The cultivation of the market will not be finished in a short time.Collectors Most collectors wait and see the unpredictable change. For one thing, they are lake of the knowledge of contemporary art. For another thing, there are no clear criterions to value such artworks.

(责任编辑:谢慕)

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