Separating Hype From Reality In China's Auction Market
Recent coverage of the Chinese art world misses many important distinctions that must be made about the auction market in mainland China as well as Hong Kong.
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- China Art Auction Market Multifaceted, Complex And Global
- 1.) The article focuses its chief criticism on Poly yet lumps together all Chinese auction houses
- 2.) The article couples the Hong Kong and mainland China auction markets together
- 3.) The article never addresses the headline figure of $13 billion
- 4.) Beijing Poly is not the only large-scale Asian company with ties to both art and the defense industry
- 5.) The article fails to examine "Chinese art" as what it really is: many discrete segments
- 6.) The link between the criticism of Poly and the ultimate impact on global collectors is weak
- 7.) "Caveat emptor" is always the name of the game in the art world
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