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Shanghai fair strikes it rich with big deals
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The four-day 2013 Shanghai Art Fair, which ended yesterday and attracted nearly 60,000 visitors, struck trade deals worth 140 million yuan (US$23 million).
Lu Liang, the owner of the Lu Gallery, said many of the traditional ink-wash paintings from his gallery were sold out.
“People have now started to fuse their life with art and culture,” Lu said. “The reason is simple — when you have the bread in life, you demand some things spiritual.”
Besides the original art works, some of the limited edition prints, tagged around 10,000 yuan, also sold well.
“We did not expect that these prints would be favored by young people,” said Hua Yuzhou of the Hwa’s Gallery.
Gu Zhihua, director of the fair, said the number of local collectors is increasing every year. “As far as we know, there are about 4,000 art collectors in Shanghai and they need a platform to communicate with each other,” Gu said.
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