Chinese paintings enjoy increasing popularity

From: China Daily | Date: June 30, 2005 | Copyright information

The market for Chinese art continues to expand at a staggering rate.

Artworks, especially oil paintings, created by Chinese artists, are being chased by both domestic and international art-lovers and collectors.

The trend is best reflected by the soaring rise in prices.

According to media reports, before 2002, with the impact of the Asian economic crisis still lingering, the price of oil paintings in China was very low. Many larger auction houses even cancelled oil painting auctions because the business was not profitable.

Today, however, there are over 15 auction houses specializing in oils ...

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