Zao Wou-Ki is a prime example of the rapid growth of Asia 's art market in last year . Sales of the French -Chinese painter's work one year totalled $328m , greater than those of any other postwar artist, beating Hockney , Warhol and Hockney . Sotheby’s Hong Kong '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. If and when that move is made, a significant portion of the Zao trade will begin shifting to the private market. However, the number of works appearing at auction is likely to remain low and prices high.
Zao Wou-Ki is a prime example of the rapid growth of Asia 's art market in last year . Sales of the French -Chinese painter's work one year totalled $328m , greater than those of any other postwar artist, beating Hockney , Warhol and Hockney . Sotheby’s Hong Kong '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. However, the number of works appearing at auction is likely to remain low and prices high.