CCAA | Chinese Contemporary Art Award

02 Aug 2016, 11:03 AM
Chapters 5 › Unit 5: For participants who are aiming to do a: View instructions Hide instructions

For participants who are aiming to do a:

Certificate of Accomplishment

In chapter 3 you devised three different theses.
In this chapter we would like you to have a look at a thesis from a fellow participant. Pick one, comment on it in the comment section and don’t hesitate to start a discussion. Your outside perspective on the thesis should help you to get a better understanding of the topic in order to shape your own question.

We are looking forward to your comments!

Thesis 3 of Wing Yee Winny Chan


Wing is asking a question complementary to my own three thesis:

"Following the globalization of Chinese contemporary art, the value of many artists have increased significantly. What determines their value?"

I think this is another way to question the relationships between art collectors, art galleries, influencers... Art prizes and art prices.

My view is that the whole ecosystem has interdependent participants who act as validators, influencers, or investors. In a system not too different from a market place with central bankers, leading sellside economists, large investors and hedge funds.

In the case of China, the system is new with fewer participants who might have a disproportionate influence. This is a point raised boldly by Li Zhenhua. Having too powerful jury members might influence the whole artist selection process - and later in the value cycle, artists prices.

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