By Eva Fydrych
Photos by Eva Fydrych
50 Moganshan Road, or M50 as it's often referred to, is an emerging Art District in Shanghai. Formerly a textile mill and a set of old neglected warehouses, the complex has been turned into a premier location for the city's modern art movement. Many artists have established not only galleries and showrooms here, but also their work studios. It is a truly unique and fascinating place, where you can meet members of the local art community and participate in the process of creating some amazing pieces of art.
Many of Shanghai's renowned artists work at M50: Zhou Tiehai, Ding Yi and Xu Zhen, all of whom have participated in Venice Biennale. The complex is filled with over 120 galleries and art studios: ShanghArt, Eastlink Gallery and Biz Art - to name just a few.
“At No 50 Moganshan Rd., artists can create, exhibit their works, and communicate with people inside and outside. I think I’ll stay here, until I can.” - Ding Yi (Painter)
Art Scene Gallery
Dream - Hope - Tomorrow (Sun Art Gallery)
Eva Fydrych in one of the art galleries
Art Scene Gallery
"Today, the market for Chinese art, both antique and contemporary, is widely reported to be among the hottest and fastest-growing in the world, attracting buyers all over the world. The Voice of America reported in 2006 that modern Chinese art is raking in record prices both internationally and in domestic markets, some experts even fearing the market might be overheating. The Economist reported that Chinese art has become the latest darling in the world market according to the record sales from Sotheby's and Christie's, the biggest fine-art auction houses. The International Herald Tribune reported that Chinese porcelains were fought over in the art market as "if there was no tomorrow".
Contemporary Chinese art also saw record sales throughout the 2000s. In 2007, it was estimated that 5 of the world's 10 best selling living artists at art auction were from China, with artists such as Zhang Xiaogang whose works were sold for a total of $56.8 million at auction in 2007. In terms of buying-market, China overtook France in late 2000s as the world's third-largest art market, after the United States and the United Kingdom, due to the growing middle-class in the country. Sotheby's noted that contemporary Chinese art has rapidly changed the contemporary Asian art world into one of the most dynamic sectors on the international art market.
During the global economic crisis, the contemporary Asian art market and the contemporary Chinese art market experienced a slow down in late 2008. The market for Contemporary Chinese and Asian art saw a major revival in late 2009 with record level sales at Christie's.
For centuries largely made-up of European and American buyers, the international buying market for Chinese art has also began to be dominated by Chinese dealers and collectors in recent years. In was reported in 2011, China has became the world's second biggest market for art and antiques, accounting for 23 percent of the world's total art market, behind the United States (which accounts for 34 percent of the world's art market)." - Source: Wikipedia
All photos by Eva Fydrych
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