Daily Telegraph, 26th January 2016
26th January 2016
by Colin Gleadell, Art Market News
We all know that wealthy Chinese have developed a taste for Impressionist paintings, but what are they looking for in Western contemporary art? A Sotheby’s auction in Hong Kong last week that was testing the market for western art suggests that subtle conceptualism is certainly not their thing. Top price was £493,000 for a large, rotund bronze horse by the crowd-pleasing Fernando Botero, and most popular was the work of American Disney-trained graffiti artist, KAWS. All seven of his works offered sold for up to £43,000 each.
Meanwhile, British Olympic stadium sculptor, Anna Chromy, became the first Western artist to have a solo exhibition at the National Museum of China earlier this winter. Chromy, whose realistic sculptures fuse ancient traditions and slick modern design, has also sold thirteen large sculptures to official government and corporate collections in China over the last few years. The Sunshine Insurance Company owns eight, and a further 20 smaller works have been sold to private collectors. Prices have ranged from £100,000 pounds to £1 million.