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Cost, Value and Price

By David Elliot

Illustration by Oliver Raw. 

"…the advent of a significant market for Asian and Chinese contemporary has finally given these art worlds a proper place in popular and critical discourse."

Ingrid Dudek, “Fast and Furious: Building Critical Taste in Asian Auctions,” ArtAsiaPacific, no. 85, p. 41.

In 1970, when former art student Ray Davies, lead singer of The Kinks, wrote the following words for “Lola,” he could not have realized their relevance for the art world today:

Well I’m not the world’s most
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