Outside of the Beijing Center for the Arts in Qianmen’s Legation Quarter (read more at the IHT), I met Lu Wei (陆薇）, the “Responsible Editor” at Art Value, a new art magazine established in cooperation with the Art Research Analysis Center of Central Academy of Fine Art. We had both just seen the opening of avant-garde artist Gu Dexin works that included a three story high transparent pillar filled with thousands of pig hearts, which, incidentally, had leaked small amounts of blood on the basement of the gallery.
So what is the value of Chinese art these days? Brian Wallace of Red Gate Gallery tells NPR that values have dropped by over fifty percent, on average. It could be a great time to stock up. Chinese art might be going back to being for its own sake.