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Arts & Communication                                                    The rise and fall of global art worlds



            was presented at the International Symposium of Global   Versus Private Gain. Oxon, New York: Routledge; 2019.
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            Founder, Barjeel Art Foundation; Philip Tinari, Director   Available  from:  https://www.nytimes.com/2023/10/04/
            and CEO, UCCA; and Justine Alexandria Tek, Director   business/liu-yiqian-sothebys-china-art-modigliani.
            and CEO, Yuz Museum.                                  html#:~:text=few%20chinese%20art%20collectors%20
                                                                  have,chinese%20antiquities%20and%20other%20artworks
            Funding                                               [Last accessed on 2024 Jan 25].
            The study was supported by the School of Culture and   8.   Jarry R. Timing, Misrepresentation, Inflation: Sotheby’s Flop
            Communication of the University of Melbourne.         Sale in Hong Kong. Mutual Art; 2023. Available from: https://
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            The author declares no conflicts of interest.
                                                               9.  Sotheby’s. A Long Museum: A Selection from the Liu Yiqian
            Author contributions                                  and  Wang  Wei  Collection. Sotheby’s Hong Kong; 2023.
                                                                  Available from: https://www.sothebys.com/en/docs/pdf/
            This is a single-authored article.                    hk1378-a-long-journey.pdf [Last accessed on 2024 Jan 25].

            Ethics Approval and consent to participate         10.  Chow V. By the Numbers: A  Breakdown of Results from
                                                                  Sotheby’s Hong Kong Evening Art Sales. Artnet; 2023.
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            (HEAG) at the University of Melbourne has approved this   numbers-sothebys-hong-kong-evening-art-sales-
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            Not applicable.                                    12.  Movius L. What’s Behind China’s Spate of Museum Closures

            Availability of data                                  and Downsizings? The Art Newspaper; 2023. Available from:
                                                                  https://www.theartnewspaper.com/2023/10/09/lacklustre-
            Not applicable.                                       results-for-much-anticipated-hong-kong-sale-from-chinas-
                                                                  long-museum-collectionexperts-weigh-in-on-why  [Last
            Further disclosure                                    accessed on 2024 Jan 25].
            An early version of this paper was presented at the   13.  Farmer C. Four works from Liu Yiqian and Wang Wei’s
            conference “Re-Globalization: Practices in the Art Market,”   Collection to be Included in Sotheby’s Sales. Penta; 2023.
            held on November 30, 2023, at the Central Academy of   Available from: https://www.barrons.com/articles/four-
                                                                  works-from-liu-yiqian-and-wang-weis-collection-to-
            Fine Arts in Beijing, China.
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            Volume 3 Issue 2 (2025)                         9                                doi: 10.36922/ac.2880
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