Mugrabi family

Who is buying Chinese art? The Mugrabi family is
Posted by artradar on March 8, 2009

CHINESE ART COLLECTING
Not everyone is deserting the art market. Artzine, a site which focuses on Chinese art, reports that
Sotheby’s Contemporary Art Auction in London in early February had a few surprisingly strong sales. A Zeng Fanzhi piece from his “Mask Series,” beat estimates and sold for about $880,000 and a Yan Peiming “Mao” portrait from 2004 sold for $459,000. A Wang Guangyi mixed media piece with a bicycle sold for about $193,000.
But this is a recession isn’t it? Who is buying?