Either way, I give the art price bubble no more than eighteen months.
6. What has been the effect of the Chinese art boom in recent years on the Australian market (contemporary indigenous/non-indigenous art)?
One of the problems that the Chinese art boom has created for the Australian art market is the increased level of faked and forged Aboriginal artworks that are causing problems for the entire Aboriginal art market. Copies of genuine Aboriginal artworks and outright fakes are being made in China and then passed off as genuine items.
image: Materialist’s by Wang Guangyi
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.