Half-Hearted Chinese Bidders

Imp-Mod sales saw Chinese bid upon, but not win, new artists; Glenn Lowry won't leave MoMA; The Met's new Contemporary strategy; Iran's Contemporary art market suffers; NY AG settles with collector over taxes; Leonardo produces jobs and revenue

Chinese Bidding Half-Hearted in NY Imp-Mod Sales

The Telegraph’s Colin Gleadell kept tabs on the Chinese bidding and buying in the New York Impressionist and Modern sales last week. Chinese buyers have become an important swing vote in the Imp-Mod market, especially toward the top. Auction houses give them credit for reviving the category. So they’re bid…