Free Trade Zone Transforms Shanghai into Art Trade Hub...
China News
August 9, 2024
Shanghai's transformation into an art trade hub is driven by the city's free trade zone, which has significantly boosted its art market. A standout example is the Fosun Foundation's exhibition of Erwin Wurm's 'Dreamwalkers,' featuring 'one-minute sculptures' that turn everyday objects into interactive art. This major show, along with strong policy support for auction houses, art institutions, and museums, has enhanced Shanghai's reputation in the global art scene.