It's a heady feeling. Museums around the world are buying [contemporary Chinese art], Chinese collectors have begun to get seriously interested and even funds are being created to buy it. This is Chinese art's moment.

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I wasn't surprised at all. In fact I had bet money that this auction would see a contemporary Chinese painting reach $1 million. I narrowly lost the bet, but there is no question in my mind that it will happen at the very next auction.

85