MSN MONEY on ART

"As the art market continues its four-year bull run, prices for many artists appear to defy gravity. Nowhere has this trend been as evident as at last year's Art Basel Miami Beach, an art show where crowds from around the world defied gloomy reports about the economy and bought art priced in the millions"

"As its economy booms, contemporary Chinese artists are high on the collector's lists of must-have work, and prices for many of them are soaring. At the October auctions in London, for example, a painting by Chinese artist Yue Minjun sold at Sotheby's for $5.9 million -- the highest price ever paid for a contemporary Chinese work."


More:http://articles.moneycentral.msn.com/Investing/StockInvestingTrading/HotorHype.aspx