Multi-million US dollar prices for contemporary Chinese art by superstar artists like Zhang Xiaogang,Yue Minjun and Zeng Fanzhi are unlikely to crash but emerging artists may find their works tougher to command higher prices.
“People often ask if the contemporary Chinese art market is in a bubble, but I believe it is not,” said art specialist Jonathan J.R. Crockett, 30, of Sotheby’s Hong Kong in a telephone interview.
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