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| Contemporary Chinese paintings soar in price in overseas market |
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Chinanews, Hong Kong, Dec. 13 – Chinese paintings have outperformed diamonds, contemporary Iranian paintings, modern photographers and ancient paper money to have become investors' favorite collections in overseas market. While collection market sees a general slump season due to stock fluctuations, modern Chinese art has won investors' favor, according to the latest issue of the Forbes magazine. However, industrial insiders warn that as the prices of these art pieces soar, investors are faced with a great risk, the Hong Kong-based Wen Wei Po reported.
These contemporary Chinese paintings are usually sold at more than one million US dollars at international auction market, with the works by Zhang Xiaogang and Yue Minjun, the 1990s generation of artists, being most successful. Their performance is especially noteworthy, considering the fact that the international collection market has slumped currently.
This shows that foreign collectors have begun[1] [2] [3] 下一页
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