Following this week's declaration by ArtPrice.com that we have just reached a "turning point in the history of the global art market: China is now the number 1 in terms of fine art auction revenue" (see full report below), it is interesting to consider Asia's role as a whole in the Global art market.  Here are some quotes from Martin Bremond, Head Economist art Artprice.com, made during his analytical presentation of the Global Art Market in 2010 at ArtStage Singapore earlier this year:

The Australian Senate passed a motion this week not to pass laws that 'act as a disincentive for DIY superannuation funds to invest in Australian art', according to Save Super Art campaign co-ordinator Michael Fox.

The motion read as follows:

The Senate:

a) Notes:

i) That the Cooper Review into superannuation last year recommended that private investment in art no longer be eligible investments for DIY Superannuation schemes;

A picture blog:

Art Stage Singapore, Ai Wei Wei (China), Li Chen (Taiwan)

From Michael Fox, Campaign Coordinator, Save Super Art: Dear All, Please find below a Campaign Media Release from the ALP.  We are pleased to announce that all three major political parties in Australia have now reached a consensus position to rule out the Cooper Report proposals to ban artworks from SMSFs.

As such the Australian art market can return to a state of certainty for the first time since these recommendations were made public on April 29.