Zao Wou-Ki is a prime example of the rapid growth of Asia's art market in the past decade. Through April 30 of 2019, Zao has generated a shade over $63 million in global auction sales. Sales of the French-Chinese painter's work last year totalled $328m, greater than those of any other postwar artist, beating Hockney, Warhol and Richter. Zao's work generated more money in one year of sales than any other artist alive or dead, apart from Picasso and Monet. The artist's foundation now has control over his estate and his work may be acquired privately through the Kamel Mennour gallery. In China, where artists are often forced to sell their works at auction, there have been no such problems.
Zao Wou-Ki is a prime example of the rapid growth of Asia's art market in the past decade. Sales of the French-Chinese painter's work last year totalled $328m, greater than those of any other postwar artist, beating Hockney, Warhol and Richter. Zao's work generated more money in one year of sales than any other artist alive or dead, apart from Picasso and Monet. The artist's foundation now has control over his estate and his work may be acquired privately through the Kamel Mennour gallery. In China, where artists are often forced to sell their works at auction, there have been no such problems.