WSJ wealth editor Wei Gu gives into the lives of a new generation young art collectors in China, with deep pockets, no fear to start in the high numbers, and focusing on global art, not only Chinese art. In some cases the offspring of first generation art collectors, they influence also the taste of their parents.
Zeng Fanzhi, 50, is China´s best selling artist alive today with sales of US$84 million, according to the Hurun Art list 2014, published earlier this month together with Artron. The list offers an objective benchmark of Chinese artists, says its founder Rupert Hoogewerf in 4Hoteliers.com.
China has become a major market for film fans, but increasingly their taste is going into the direction of domestic movies, leaving Hollywood blockbusters behind, tells business analyst Ben Cavender at the WSJ. How domestic movies makers changed from an underdog into a winner on the China market.