China’s Contemporary Art Crisis
Posted by juggernut3, February 9, 2009
As AM reported in past months (here), the ailing financial situation has forced many notable galleries in the US and EU to close shop. While this disappointing trend in the western art markets concern many, it pales in comparison to the crisis that is currently plaguing China’s contemporary art market. In Beijing’s famed Dashanzi art quarter alone, over 50 galleries have gone out of business. Even the annual Asian International Art Fair scheduled for March 11-15 at New York’s Park Avenue Armory, has been canceled due […]
