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Passion Investments: Art
China Syndrome
Michelle Tsai
04/01/2007

Less subtle, however, is the fact that prices on the high end have tripled in the past 18 months. Collectors gasped when one of Zhang’s works came within range of the $1 million mark last March. But by the end of 2006, Liu Xiaodong’s Newly Displaced Population had fetched $2.7 million—a new record for the field. In this large-scale panorama of the Three Gorges Dam, children play with pistols, prostitutes tease teenage boys, and men stand pensive in front of the dam, an immense wall of concrete-colored water bearing down on the viewer.

LIU XIAODONG'S Newly Displaced Population broke records when it sold for $2.7 million in 2006. (Photograph courtesy Liu Xiaodong.)

Christie’s Hong Kong sale of Asian contemporary and Chinese 20th-century art last fall cleared $68 million—a 60 percent increase over a similar event held last spring. Last year, Sotheby’s began holding Chinese contemporary art auctions on Manhattan’s Upper East Side, as well as in Hong Kong.

Disconnected in Dalian
Chinese artists have been making up for lost time since post-Mao reforms in 1979 first allowed contact with the West. As they consumed classical and modern Western theories, blending new styles with old traditions to address their nation’s paradoxes, two movements emerged in reaction to the idealism of the 1980s and Tiananmen Square.

The latest wave of art asks questions of identity, similar to the way American artists looked at feminism and civil rights in recent decades, says Kent Logan, a collector who lives in Vail. "How do individuals locate themselves in this new China that is moving so rapidly? Everybody’s chasing the dollar, and there is a lot of disconnection," he says.

Individual experiences, not Mao’s Cultural Revolution, have been anointed the subject of choice by young artists who are numb from the nation’s painful collective memory but have no personal connection to that time. He An, a sculptor and painter in Beijing, has stirred controversy with sexually graphic work influenced by Japanese manga and pornography. The thread-wrapped bicycles and teapots of Lin Tianmiao, a female installation artist, draw as much inspiration from American sculptor Kiki Smith as from the history of domestic labor in China.

LIN TIANMIAO'S thread-wrapped bicycles are inspired by China’s history of domestic labor. (Photograph courtesy Ethan Cohen Fine Arts.)

Political pop satirizes socialist propaganda art with humor and nostalgia, drawing on mass cultural symbols. Wang rose to the top of this field with his Warhol-influenced oil paintings that juxtapose brand names like Coca-Cola and Prada with kitschy images of peasants. On the other hand, artists like Liu, Zhang and Fang, who belong to the school of Cynical Realism, reject politics for everyday life, expressing detachment and loss of faith in a changing society.

Until about three years ago, a small community of China enthusiasts and art mavens based in the U.S. and Europe primarily cultivated this market. Today, China’s newly wealthy have entered the auction fray, but they have work to do to match the holdings of longtime collectors. Logan, for example, owns about 140 contemporary works from 40 artists, thought to be the largest assemblage in the U.S. Uli Sigg, Switzerland’s former ambassador to China, is believed to have the world’s biggest such collection, some 1,400 works acquired since the mid-1990s.
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