Contemporary art reaches a plateau
China Daily | Updated: 2007-01-04 06:36
The year was good for contemporary oil paintings, as auction houses set new records to continue a three-year bull run. But as fears of a bubble grew and the stock market rebound created competition, the art market, hounded by both collectors and speculators, tapered off at the end of year.
Meanwhile, ancient paintings and calligraphy were under a cloud as too many fakes on the market poured cold water over buyers.
(China Daily 01/04/2007 page18)
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