Yes, this is OT but still a valid subject - Have they petered out?

[vintagechris]

As for the China buyers, I can confirm that there were some Asian buyers spending huge sums of money in auctions within the last couple years. I was told this in a casual conversation sometime last year by a higher ranking person working at a well known auction house. The person didn't think anything odd of it at the time, just that they were spending huge amounts of money.

IIRC, he called it new money in the market. I'm not sure what their motives were but it did happen according to this person.

[ls7plus]

Originally Posted by vintagechris

As for the China buyers, I can confirm that there were some Asian buyers spending huge sums of money in auctions within the last couple years. I was told this in a casual conversation sometime last year by a higher ranking person working at a well known auction house. The person didn't think anything odd of it at the time, just that they were spending huge amounts of money.

IIRC, he called it new money in the market. I'm not sure what their motives were but it did happen according to this person.

Very, very interesting!

Thanks for posting,

Larry