According to Hurun’s latest China rich list, there were about 51,000 people in China who had 100 million yuan or more; of these, 1,050 were in Shanxi, a class of new rich, dubbed 'Coal Bosses'. Probably it could be much larger, but interestingly the rich are investing in Chinese art. Shanxi’s new rich have a reputation for brashness and ostentatious spending, and a lot of China’s finest treasures are in the hands of Shanxi collectors. According to Christies, Americans are its biggest clients in this category of art, but Shanxi buyers are catching up. Let's go to Shanxi, really.
Useful links:
www.chaks.com.hk
http://en.artron.net
www.tefaf.com
www.intl-risk.com
www.berwald-oriental.com
www.hurun.net
www.chinamuseums.com
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