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Artprice: New York, the global capital of art… and the art market

New York’s attraction for the art world has no comparison anywhere in the world. The Western capital of art since the 1950s, the Big Apple remains a major magnet for all things cultural (it is home to approximately 100,000 artists), with museum programming sometimes as daring and forward-looking as that proposed by its art galleries.

Richard Taittinger strategically inaugurated his first exhibition during the Armory Show, presenting the Chinese artist DING Yi whose best works fetch between $500,000 and $2 million in Beijing and Hong Kong auction rooms. He was relatively unknown in New York…

 

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