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One News Page » Category » World » Saturday, 7 November 2009 » China syndrome

China syndrome

Reported by Economist
on Saturday, 7 November 2009
(2 weeks ago)

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London’s Asian art festival is full of surprisesASIAN Art in London—the city’s week-long late-autumn flowering of dealers’ shows and daily auctions, which ended on November 7th—was characterised by some beautiful exhibitions, an unprecedented flood of Chinese visitors and an assortment of auction sales that included some lots that went through the roof, others that failed utterly and a few notable pieces that were withdrawn on suspicion that they may have been fakes.Christie’s had the hardest time of it.
Despite the bullish market for Chinese ceramics and fine art, 104 of the 319 lots offered in its November 3rd auction failed to sell, suggesting that buyers, even those who have travelled far, are quick to punish sellers who are too greedy or cataloguers who are too enthusiastic in their assessments.
Gilt-bronze figures were cast aside willy-nilly, as was a consignment of bronze plaques and, perhaps more surprisingly given their popularity, a number of jade animals and figures.
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