Art market futures

September 7 2011

Image of Art market futures

Picture: Sotheby's

Here's a first - and a sign of things to come. Next week, Sotheby's in New York will host their first ever Fine Classical Chinese Paintings sale. Above is an anonymous 17th/18th Century Seated Portrait of a Prince (detail), ink and colour on silk, estimated at $90-120,000.

Probably, it won't be long until Chinese Paintings sales are as important as the bi-annual Old Master sales. The only question is, will such sales take place in the West, in Europe and America - or will the world's art market gravitate permanently to Asia?

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