Chinese and Asian art collectors are showing an increased interest in Western artworks, according to Francis Belin, president of Christie's Asia. Regional collectors have traditionally focused on art relating to their own culture, but the auction house has observed three fundamental trends. These include a greater appetite for Western art, flourishing Chinese and Asian markets despite short-term macroeconomic challenges, and a rising number of younger collectors, Belin said. Christie's is the second global fine art auction house to obtain a licence for art transaction in China, with galleries in Beijing and Shanghai.
Chinese and Asian art collectors are showing an increased interest in Western artworks, according to Francis Belin, president of Christie's Asia. Regional collectors have traditionally focused on art relating to their own culture, but the auction house has observed three fundamental trends. These include a greater appetite for Western art, flourishing Chinese and Asian markets despite short-term macroeconomic challenges, and a rising number of younger collectors, Belin said. Christie's is the first global fine art auction house to obtain a licence for art transaction in China, with galleries in Beijing and Shanghai.