China's Art Market

China's art world has been showing promising signs of being a profitable area of growth for the future. Melanie Ouyang Lum, a Chinese art consultant states, "A majority of Chinese people do not trust the Chinese Stock Market. And that, "A lot of people are looking to art for investment." Currently, there are more than 350 Chinese auction houses that deal fine art and the two largest ones are billion dollar enterprises.These art masterpieces range from thousands to millions of dollars--which are most commonly sold to traders that work for wealthy businessmen. However, because of these expensive demands, cases of fraud and forgery have appeared regularly. Chinese authorities claim that these occurrences will continue to be a problem for interested buyers, but both sides are hoping that these incidences dwindle down soon. 

http://www.cnbc.com/id/101148462