This is the first English-language account of the modern history of China's art market that explains the radical transformations from the end of the Cultural Revolution, when a market for art and artifacts did not exist, to today.

The book is divided into three sections: Part I examines how the art market in China was suspended during the Cultural Revolution, restarted, grew, and expanded into its current scale. Part II analyzes the distinctive value system of the Chinese art market where the state-run art system including academies, artist associations and museums co-exist with an independent market-oriented system; and traverses the most significant policies that drive decision making and market structure. Part III explores the driving force of art creation by telling the stories of five contemporary artists across three generations.

Arts and culture professionals, scholars, and students interested in Chinese art, global art markets, Chinese government policy, and China will find this to be a valuable resource.