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Article

Art Funds in China: Developments and Limitations

School of Art & Design, Guangdong University of Technology, Guangzhou 510000, Guangdong, China
Received: 11 September 2020 / Revised: 19 December 2020 / Accepted: 5 January 2021 / Published: 9 January 2021
(This article belongs to the Special Issue The Contemporary Art Market)
This paper focuses on a type of worldwide art investment vehicle in an unexplored yet significant area: the Chinese art fund. It seeks to understand why art funds exploded in China after the 2008 financial crisis and how they have developed new features in the Chinese context. Further, it discusses the relationship between Chinese art funds and the Chinese art world. While these two groups tend to be what sociologists call “hostile worlds” in the West, my study shows that actors in the Chinese art world tend to take a pragmatic attitude toward capital. Thus, art funds face fewer social limitations in the Chinese art world than their Western counterparts. However, Chinese art funds face limitations in terms of accessibility, credibility, and liquidity. These limitations have been caused mainly by a series of regulations launched since 2013, which has primarily resulted in a decline of art funds in China. View Full-Text
Keywords: art funds; China; developments; Chinese art world; limitations art funds; China; developments; Chinese art world; limitations
MDPI and ACS Style

Li, L. Art Funds in China: Developments and Limitations. Arts 2021, 10, 4. https://0-doi-org.brum.beds.ac.uk/10.3390/arts10010004

AMA Style

Li L. Art Funds in China: Developments and Limitations. Arts. 2021; 10(1):4. https://0-doi-org.brum.beds.ac.uk/10.3390/arts10010004

Chicago/Turabian Style

Li, Linli. 2021. "Art Funds in China: Developments and Limitations" Arts 10, no. 1: 4. https://0-doi-org.brum.beds.ac.uk/10.3390/arts10010004

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