China's interest in art collecting

[subtona]

We know the Chinese have developed an affinity for watch collecting, as that market gets saturated with perhaps too many buyers and not enough watches, the Chinese move to become a significant force in the world of art collecting.

Story here born from recent sale at auction of painting for 170 million to former cab driver now Chinese art collector.

http://www.nytimes.com/2015/11/10/ar...l?mabReward=A1

[Danny83]

Thats alot of money

[azguy]

Nice to have more money than brains, Modig compared to Picasso is like Lexus vs Ferrari

[s.justinlee]

did he use an american express credit card like last time?
that's alot of miles.

[Star Ferry]

Originally Posted by azguy

Nice to have more money than brains, Modig compared to Picasso is like Lexus vs Ferrari

There's no objective way to determine that Modigliani is worse than Picasso.

Chinese art buyers are no more (and no less) intelligent than American art buyers. My brother's father in law (in the USA) has a Picasso and a Warhol hanging in his apartment. I asked him why he bought them and he said, "Because I like winning auctions". How's that for sophistication?

[subtona]

Originally Posted by Star Ferry

There's no objective way to determine that Modigliani is worse than Picasso.

Chinese art buyers are no more (and no less) intelligent than American art buyers. My brother's father in law (in the USA) has a Picasso and a Warhol hanging in his apartment. I asked him why he bought them and he said, "Because I like winning auctions". How's that for sophistication?

[Dyim]

Like in any auction, the guy with the biggest wallet and smallest brain usually wins....

[jolimont]

Originally Posted by Star Ferry

I asked him why he bought them and he said, "Because I like winning auctions". How's that for sophistication?

I guess you agree with azguy then