The Art Market Monitor takes an interesting approach in analyzing the auctions of the past few weeks, noting a continued surge in Chinese buyers, and paralleling that with a recent New York Times article charting continued efforts by wealthy Chinese citizens to move their money out of the national currency. “Individuals can move $50,000 a year across China’s borders,” the article quotes from Keith Bradsher’s original piece. “Companies and sophisticated investors have more freedom to send out money legally for big-ticket purchases and investments.”
Read more at Art Market Monitor
