|Opens:||05/20/2012 - 00:00|
|Closes:||06/30/2012 - 00:00|
|Pass rate:||100 %|
As reported on a recent AK Files, 40% of all adjudicated auctions of Chinese works go unpaid by the buyer. This practice makes it quite difficult to sell artworks to customers.
Is this a concerted effort to disrupt the international art market, or just a customary Asian business practice which endorses continued negotiation even after a supposed "final sale"?
Our Kabinett Quiz identifies the top three Confucian catastrophes recorded so far. Surely, more will follow.