Review of "Chinese Art to Soar..."

Title of article: Chinese Art Continues to Soar at Sotheby's
Author: David Barboza
Source: The New York Times
Date of Publication: April 10, 2008

Art sales are truly a “small” price to pay in order to have a piece of an artists work. Now days, new leaders of art, are beginning to emerge. Chinese contemporary art in three auctions in Hong Kong, on April 10th, sold $51.77 million worth of art. This auction sold more than 100 pieces from the Estella Collection. The biggest purchase of the auction was that of the oil canvas entitled, “Bloodline: Big Family No.3.” According to the article “this piece represents a family of three during the tumultuous Cultural Revolution in China, when children were sometimes led to denounce their parents.” This piece sold for just over $6 million, the highest price to pay for a painting by a Chinese contemporary artist in record. This piece is just evidence that proof that Chinese art is up and coming and here to stay. By China surpassing France last year as the world’s 3rd biggest auction market, behind the United States and Britain, is just more proof that art is a big market.