Passage 7
Younger Artists Struggle to Excite Buyers
As the senior global specialist and vice president for Chinese contemporary art at Sotheby s in New York, Zhang Xiaoming travels to China almost every month. Here she usually meets collectors and dealers. When her schedule allows, she also takes the time to check out artists studios and their latest productions.
But Zhang admits to finding it increasingly difficult on recent visits to be touched by the new works that she has seen.
Maybe there are great works that have not been discovered, but from what I see, many artists are repeating themselves and the market for younger artists works is overpriced, she said.
The most important artists coming out of China, those who have been celebrated by international collectors, are artists who created works at very difficult times, and were inspired by their tradition, history and culture.
These works are really deeply connected to their own culture and their own traditions, Zhang said. But what is happening right now is a lot of younger artists coming to the market have a lack of spirituality. For me it s hard to read what their artwork is about. Today some of the artists that fetch high prices may not last over the longer term.
Zhang is one of several market professionals who have raised concerns that Chinese contemporary art could be becoming overpriced, and might be heading for an inevitable correction, after recording stellar gains of about 40 percent each year for the past two years.examda.com
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