China exerts its power in the contemporary art market through the affirmation of soaring prices and the galloping pace of growth. An evolution in the taste of collectors is evidently shifting to Chinese art. Classical style contemporary artists, little known to the West, are seeing their value soar, as the collectors seem to be partial to artists from their own culture. Indeed even little known Chinese artists are seeing a sharp rise in the prices of their art. The director of ArtTactic, art market advisory company, stated, ďWe are now reaching prices that even Picasso's are struggling to get.
" The contemporary art market in China plunges ahead at full speed. BBC News
affirms, as a collector you can blink and miss the moment.
Where can you draw the line between video-game artists and the fine art world? Keep debating if you want yet at E3, the world's biggest gaming expo, which is aiming to prove it through a gallery debut exhibition. CNN
suggests that, like any new emerging art form,
video-game art will need time to gain acceptance.
Boasting 260 galleries from 38 countries and a record attendance of 63,511 visitors, the third largest art fair in the world, ART HK 2011, increased the profile for Asian art last month. The Japan Times explains the importance of the art fair for gaining international exposure for Japanese artists who come from a society where a lack of interest in contemporary art persists. While it seems ART HK will continue to be a critical venue for sales, many Japanese artists reported feeling drowned in a sea of galleries. When will Japan start fervently backing its emerging artists?
The Los Angeles Times announced the Getty Research Institute has acquired the Harald Szeemann Archive and Library, one of the most important private research collections for modern and contemporary art to date. The cataloguing will take three to four years before being accessible to scholars. Not only will this gain enhance the GRIís standing as a top center for contemporary art but it will further establish Los Angeles as one of the leading places for the study of 20th-century art.
(selection curated by rachel betz)