In January a pilot project in Tianjin established a sort of stock market for art. Just two months later the Tianjin Cultural Artwork Exchange said it was pulling the paintings from trade to "reduce investment risks and protect investor rights." The price of the paintings had soared 1,700 percent, 52 times higher than the artist had ever sold a painting for. Is this simply due to immaturity in the market, or are there other factors?
Guests:
Tom Pattinson,
-Founder of Affordable Art Beijing.
Dong Jun,
-General Manager of Forever International Auction Company, Christies Brand Licensee in China.
Craig Mattoli,
-CEO of Red Hill Capital, Delaware, also the curator of Leona Craig Art Gallery in Guangzhou.
Hour 1
Hour 2