Rich Chinese shaking up art market

Beijing: More Chinese collectors are turning to Western art in recent years, a trend which may change the whole landscape of the global art market.

According to Nanfang Daily, several local auction houses in Guangdong are introducing Western artwork at their sales. For example, Holly’s Auctions has launched a special section of works on paper from European art masters during its upcoming autumn sale, the first of its kind nationwide. The section will present water soluble block prints, copperplate etchings and sketches from European art masters for auction.