Young at heart, and they love art

Under-40 collectors are becoming big players in the nation's auction market, reports Huang Ying

A young generation of Chinese collectors with eclectic tastes is assuming a growing role in the nation's art auction market, and they're set to lift the fortunes of their contemporaries who paint and sculpt, said industry officials.

"Young buyers and collectors from China are emerging as growing powers in the market. Unlike the classic collectors, who are mostly in their 50s or 60s, this younger group has demonstrated more international taste in purchasing art, and they're readier to accept Western art and culture, said Cai Jinqing, president of China operations for global auctioneer Christie's International Plc.