Art HK showcases world's best works (2)

08:57, May 28, 2010      

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Chinese contemporary artist Liu Ye, whose painting Bright Road sold for a record $2.45 million at Sotheby's in April, is leading an exciting lineup of contemporary Chinese art. Within one hour of the collector's preview opening, five out of Liu's 13 works were bought by collectors from China, Europe, the US and Singapore. The organizer told the Global Times that Liu's painting Teresa Teng, one of the five sold works, fetched at least $120,000.

"The essence of contemporary art is to lead you to think about the questions that you normally would not think about," Liu said. "My works are a thorough exploration of innocent and beauty."

Apart from showcasing some of the world's best modern and contemporary art, the fair will also hold panel discussions, debates and educational events to discuss trends and its collection.

Renfrew said that the future is very exciting for China's art market in the long term.

"It is still a very early stage for the market, but we are seeing these big changes beginning to happen," he commented. "Many collectors started their collections in collect-ing traditional materials."

"As taste developed, people begin to be more adventurous, so we've seen the movement of people collecting 20th century figurative painting into contem-porary Chinese painting, Renfew continued. "A number of collectors buying Chinese contemporary art from an early age have now started to buy international contemporary art," he said.

Source: Global Times
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