Art auctions in China

December 31 2012

Video: CRI English/Dominic Swire

This film on the risks of buying art at auction in China by Dominic Swire is worth a click. Aside from some wise words from an art historian based at Peking University, there's also the views from a buyer, Zhou Benli, on what makes a great art collector:

It's really bad if a piece can't increase by 30% in value per year. If you find an artwork that goes up 100 or even 200% a year then you're a great collector. I store my paintings and don't show them to everyone because of insurance issues... It's like looking after treasure.

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