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China's Regulatory Environment Leads to Growth in Art Market

China's art market large growth trajectory in two decades traced to regulatory environment the Negative List for Foreign Investment allows foreign direct investment in the art industry except antiques-related businesses, the threshold of an auction license has been lowered ....

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FOXNEWS Sunday Morning Futures With Maria Bartiromo June 4, 2024 19:06:00

So if somebody s prepared to spend half a million dollars for a piece of art, who can question it. in that sensor it s very genius. this opens the gateway to massive corruption, maria, because the art owner, the art partner that he has that s goinh to be marketing his art has been very clear that he s going to market these things overseas. he s been wanting to break into the chinese art market for years and the senate actually in 2019 issued a report talking about how the art world is rife with money laundering and corruption involving foreign oligarchs because it s so hard to trace. so it s a massively troublesome problem and their explanations simply don t carry any weight. maria: well, the white house is saying that in an effort to be, quote, unquote, transparent, they are not going to tell anybody who is ponying up half a million dollars to buy hunter ....

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FOXNEWS Sunday Morning Futures With Maria Bartiromo June 4, 2024 14:06:00

It s entirely subjective. so if somebody s prepared to spend half a million dollars for a piece of art works can question it. in that sense it s very junius. but genius. but this opens the gateway to massive corruption. the art owner, the art partner that he has that s going to be marketing his art has been very clear that he s going to market these things overseas, he s been wanting to break into the chinese art market for years and the senate in 2019 issued a report talking about how the art world is rife with money laundering and corruption involving foreign oligarchs because it s hard to trace. it s a massively troublesome problem and their explanations simply don t carry any weight. maria: well, the white house is saying that in an effort to be, quote, unquote, transparent, they are not going to tell anybody who is ponying up half a million dollars to buy hunter ....

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