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More Interest Than Investment at Asian Contemporary Art Fair

By Jillian Steinhauer

Published: November 7, 2008
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Courtesy Red Gate Gallery
Li Xiaofeng's "Beijing Memory" (2007), priced at $85,000 at Red Gate's booth, was one of the most breathtaking pieces at the fair.

The ailing New York market didn’t mean there wasn’t plenty of high-quality work at the fair. The booth of Beijing’s Red Gate Gallery held one of the most breathtaking pieces: a dress made from wired-together Qing Period pottery shards and priced at $85,000. Beijing Memory, as the work is called, is the stunning creation of Chinese artist Li Xiaofeng. “The economic crisis may scale back the amount people spend,” gallery director Tally Beck told me, “but people are still interested.”
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