{"id":517457,"date":"2010-04-06T00:27:00","date_gmt":"2010-04-06T04:27:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/chinese-bright-road-art-price-soars-300-year-over-year-highest-2010-4"},"modified":"2010-04-06T00:27:00","modified_gmt":"2010-04-06T04:27:00","slug":"chinese-bright-road-art-price-soars-300-year-over-year","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/517457","title":{"rendered":"Chinese &#8216;Bright Road&#8217; Art Price Soars 300% Year Over Year"},"content":{"rendered":"<p>Chinese art prices had collapsed 70% from their March 2008 highs during the financial crisis, but now they&#8217;re back. Big time.<\/p>\n<p><a href=\"http:\/\/www.luxist.com\/2010\/04\/05\/chinese-contemporary-art-staging-comeback\/\">Luxist:<\/a><\/p>\n<p style=\"padding-left: 30px;\">Seven lots fetched more than $1 million at the last Sotheby&#8217;s auctions in Hong Kong, led by Liu Ye&#8217;s acrylic and oil &#8220;Bright Road,&#8221; which sold for more than $2.5 million. This was the top take for a Chinese contemporary artist in two years, indicating that Chinese art is on its way back to levels we haven&#8217;t seen since the financial crisis. <strong>Last year, similar pieces were moving for only a third of this year&#8217;s pricing.<\/strong><\/p>\n<p>That&#8217;s roughly 200% inflation for Bright Road, below via <a href=\"http:\/\/www.sothebys.com\/app\/live\/lot\/LotDetail.jsp?sale_number=HK0320&amp;live_lot_id=303\">Sotheby&#8217;s.<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bbab63f7f8b9a3d53f30000-550-\/china-bright-road.png\" border=\"0\" alt=\"China Bright Road\" width=\"550\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/chinese-bright-road-art-price-soars-300-year-over-year-highest-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/A05qZnhoJBM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese art prices had collapsed 70% from their March 2008 highs during the financial crisis, but now they&#8217;re back. Big time. Luxist: Seven lots fetched more than $1 million at the last Sotheby&#8217;s auctions in Hong Kong, led by Liu Ye&#8217;s acrylic and oil &#8220;Bright Road,&#8221; which sold for more than $2.5 million. This was [&hellip;]<\/p>\n","protected":false},"author":6205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-517457","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/517457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=517457"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/517457\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=517457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=517457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=517457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}