Asian buyers snapped up Impressionist paintings at Sotheby’s spring auction in New York, buying three of the sale’s top five lots, including a Vincent Van Gogh landscape, and making up about one-third of the $368.3m raised.
Art collecting has soared in Asia in recent years, mainly led by a new breed of ultra-wealthy Chinese collecting both classical and contemporary pieces and building private galleries in China.
According to a report by the European Fine Art Foundation, China was the world’s joint second largest art market in 2014 with a 22 per cent share of sales, alongside the UK.
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