CONTEMPORARY ART IN CHINA: A LETTER TO THE ECONOMIST (July 26, 2011)

“Buying Chinese contemporary art is not for the faint-hearted,” you warn (“Chinese Checkers,” July 23, 2011). “There are no museums in China to offer the validation that contemporary-art collectors in the west desire,” you continue, “and few independent critics or curators to judge whether a living artist’s work is good enough to stand the test of time.” How horrible! But that is precisely why the “wild, wild world” of contemporary art in China is still exciting. It is the museums, critics, and curators, as well as gallerists, who spoil the art scene in the so-called west. They make it reek of the marketplace. The collectors who are uneasy about the Chinese art world are uneasy about art itself. Once it is infested with all the middlemen, it can hardly be called art. Given the bargain-basement prices of art in China, the risks are low, though. The few Chinese artists who fetch high prices are safe to skip, for they are already ensconced by the market. So, collectors who truly enjoy contemporary art should rejoice in what China has to offer right now. The way things are going, they will be able to relish it for a short while only. The museums, critics, curators, and gallerists will despoil contemporary art in China in a few short years.