Global Post quotes Huang Hung-jen on Chinese art buyers. The irony here is that holding works for 5 to 10 years used to be considered flipping, not collecting. It could be worse, the rest of the article paints the Chinese art market as little more than a front for bribery and money laundering:

“Most people in China are investors as opposed to collectors. It’s an investment above all else. They want to make on it fast. But the real winners are collectors. They buy and keep pieces for five to 10 years. By the time they put them up for auction the resale is five to 10 times higher,” said Huang, who racked up a decade’s worth of experience in Taiwanese auction houses before being handpicked to run a Chinese firm’s Taipei office.