Skip to content, or skip to search.

Skip to content, or skip to search.

Gagosian A-Go-Go To China

Woo Yue, too?

ShareThis

The recent record sales of Chinese contemporary art have, insiders say, given megadealer Larry Gagosian eyes for China. These sources say Gagosian has retained a representative to lay the groundwork for an office in Beijing or Shanghai. Gagosian recently opened a temporary space in a tony suburb of Moscow, where the oligarchs hunger for the blue-chip art he peddles. China has yet to develop that appetite. “I think that the long-term prospects there are really promising,” says Ingrid Dudek, a specialist in Asian contemporary art at Christie’s. “But for the most part, Chinese buyers are exclusively motivated to buy Chinese art.” Meanwhile, according to a gallerist with long-standing ties to Beijing’s art scene, Gagosian is in talks to represent Yue Minjun, whose grinning self-portraits have taken on an iconic status among collectors. (One of his works, Execution, sold for nearly $6 million at Sotheby’s this fall, then a record for contemporary Chinese artwork.) A spokesman for Gagosian described efforts to woo Yue as “total speculation,” but acknowledged that the dealer “may be exploring the possibility of having an office in China.”

Have good intel? Send tips to intel@nymag.com.


Related:

Advertising
Current Issue
Subscribe to New York
Subscribe

Give a Gift

Advertising